Cracking the code of Solana DeFi — @kamino
Paris, France
- Tweets 4,801
- Following 1,135
- Followers 8,793
- Likes 19,162
Pinned Tweet
I've been through every Solana @colosseum radar hackathon applications so you don't have to.
...and the DeFi track was full of hidden gems.
Here's my top 7🧵
49
35
399
64,995
Phantom could have chosen @JupiterExchange as their Perps provider.
It's a Solana native project with $1.4B liquidity, ready to be used.
But they've chosen Hyperliquid.
says a lot...
206
70
1,713
203,586
Unibot is averaging $50,000 fees per day on ETH.
Meanwhile yesterday @bonkbot_io generated above $700,000 fees.
Easy to understand why Unibot is coming to Solana on January 1st.
25
82
761
114,999
BREAKING 🚨
@JupiterExchange announces 2 major features:
1) GMX style perps with already 200k liquidity live.
2) eUSD style stablecoin backed by liquid staked $SOL and giving 10+% APY to $SUSD stablecoin holders.
In addition they’re announcing $JUP airdrop with 40% of the supply.
Jupiter is now easily a billion dollar marketcap protocol.
Solana DeFi 2.0 is starting well.
30
115
689
259,947
2 mil $ volume wallet, I guess I should buy a @MadLads rather than using the @wormholecrypto protocol.
76
27
641
81,496
Expected @pumpdotfun to acquire new companies, new talents and become the next tiktok.
Today, they decided to buy $pump at $0.006 after selling it for $0.004 few days ago.
and you're all excited.
52
13
602
68,929
I doubt $JUP whales are going to vote in favor of the @JupiterExchange january airdrop proposal.
Expecting at least 90% of unique wallets voting for it however.
In elections terms, it will win popular vote but won't pass 🇺🇸
56
15
478
47,583
Today, within few minutes, millions of dollars flowed in to profit from the 105% APR offered by @JupiterExchange.
And this has been happening every week for the past month.
We're talking about $JLP, the token behind Jupiter perps.
Here's everything you should know 🧵
31
65
378
70,613
Knowing $JUP will be 10 times bigger than this, I'm a bit worried about what's going to happen tbh.
24
11
326
34,446
Binance just announced its Liquid Staked SOL: bnSOL in partnership with @sanctumso ☁️
Currently sitting at $786m, Sanctum TVL is about to skyrocket knowing Binance holds around $3b worth of $SOL.
$CLOUD seems to be the play...
22
39
356
42,651
In partnership with @chestfinance we are giving away 2 NFTs and 15 WL spots for their upcoming collection 🎁
✅ RT & Follow @chestfinance + @AlphaSolana
NFTs holders will be eligible for a $CHEST airdrop and much more : medium.com/@chestfinance/che…
Ending in 48 hours ⏳
108
366
270
An unknown whale 🐳 has just deposited 755k SOL (100 million dollars) and borrowed $35m PYUSD on @KaminoFinance.
Using solscan we can trace transactions linking it to a @wintermute_t tagged wallet.
Solana DeFi is here to stay.
After weeks of being at max cap, 600,000 $SOL capacity has just opened in Kamino Multiply
First come. First serve.
16
24
316
64,005
Few months ago @JupiterExchange introduced a new product: perpetuals.
It has become rank 1 perps DEX on Solana with $13B volume.
Unfortunately, besides buying $JLP & $JUP there's not much you can do to fully profit from its success..
..until this new project comes out 🧵
13
33
271
76,474
Two weeks ago @JupiterExchange was rank #1 DEX aggregator on Solana.
Today with the release of GMX style perps, Jupiter is rank #1 aggregator AND rank #1 perps protocol on Solana with a daily volume of $60m.
Within few months, they'll become rank #1 aggreagator, perps protocol, launchpad and LST-backed stablecoin on Solana.
$JUP is something you've never seen *yet* in crypto.
15
32
277
23,941
Every day, over $100,000 are taken away from solana memecoin traders...
..and going into the hands of sandwich bots who buy before you and sell right after, in the same second, resulting in a gain.
Who's building an MEV-protected swap aggregator on Solana?
👀@JupiterExchange
30
16
277
68,050
Wormhole $W is going to be released within few weeks at over a billion dollar marketcap.
While there's a bridge doing millions of volume everyday, sitting at $4m marketcap.
May the repricing begin.
33
16
258
105,362
Kamino casually charging 0.5% origination fees on their new JLP market without any mention of it anywhere.
If you borrow 100k USDC, you’re instantly charged $500 fees.
But you only know it once you’ve borrowed.
30
17
264
53,922
Wormhole token $W trading at $0.98 pre-market on @HyperliquidX means the total airdrop value will be worth above $1,000,000,000.
If we get a $PYTH like airdrop with 100k eligible wallets, this means each wallet gets around $10,000.
This is going to be game changing.
22
8
224
37,650
Appreciate you taking the time to fight this blatant fud.
I think it’s time to rest and go back to building 🪐
You’ve clearly created a new meta and it’s the right way to launch tokens imo.
5
8
198
21,862
A new class of assets is coming to Solana DeFi on 1st of February...
..and it's called cloned assets.
Here's everything you shoud know 🧵
75
46
216
25,882
USDC yield from @Kamino_Finance has been around 20% APY these last few days and just peaked to 48% right now.
This is a huge opportunitiy to farm one of the biggest airdrop and earn super decent APY on USDC.
20
10
204
28,954
No one is reading those @JupiterExchange proposals, people are just pressing "FOR" to get their $JUP active voting rewards.
At this point we should add a timer corresponding to the estimated reading time of the proposal before the vote can be casted.
This should help a bit...
59
8
218
20,166
« We are making a public commitment here to pay no CEX listing fees of any sort. Zero, nada, zilch. »
That’s the kind of vibes we’re looking for haha
5
3
210
16,381
Solana $400m TVL protocol @jito_sol has finally announced the final details of the airdrop.
Basically, if you've been farming on 10 different wallets with 100$, you will receive more $JTO than #1 whale holding $20m jitoSOL 🥶
This is what I call a retail maxi airdrop distribution and we need more of this.
If you're farming point-based airdrops like @marginfi or @Kamino_Finance make sure to diversify your holdings between multiple wallets.
What value should you expect from the airdrop?
Taking $MNDE fully diluted marketcap of $200m, we could expect 1 $JTO to be worth $0.2.
Which means airdrop vaue will go from $1000 for the smallest allocation to $20k for the biggest.
12
14
201
53,142
while people are farming $400m TVL marginfi airdrop.
I’m farming:
- solana dex
- sub $1m TVL
- confirmed token
- confirmed airdrop
- raised $3.75m from top VCs
38
10
187
60,503
We're at a point where withdrawing the $JUP initial launchpool liquidity would remove 70m JUP sell pressure from the market...
..and you're bearish.
8
6
166
13,262
The hyperliquid killer is coming on Solana.
powered by @jito_sol.
15
4
187
13,613
want to bet on @JupiterExchange downfall?
Perps DEX: @AdrenaProtocol @DriftProtocol @flashtrade
Token locking/vesting: @streamflow_fi
Swap aggregator: @Titan_Exchange (soon)
i think all of this is dumb but there’s money to be made, farming or investing in these projects.
20
43
141
12,479
.@JupiterExchange perpetuals casually doing over $200m volume today, this is huge 📈
Few weeks ago it was around $80m.
Few months ago product was not even live.
This is why you bet on builders.
$JUP future is bright.
$JLP is already shining.
7
20
161
7,707
I'm about to double my $SOL bag in the next 30 days, and you could do the same.
I'm presenting you the most asymetric opportunity in the whole Solana DeFi ecosystem.
I've done the maths so you don't have to...
..and I'll explain everything.
🧵
25
13
178
26,230
Capital airdrop - 14 days vesting.
Earnestness airdrop - 180 days vesting
Meteora alpha vault (public sale) - 180 days vesting.
$CLOUD chart preview:
27
6
165
62,811
best tokenomics/governance I've seen in Solana DeFi in a long time.
TLDR:
- IDO funds earning yield.
- team allocation based on governance through @MetaDAOProject futarchy.
⚡️ @flashtrade
7
70
124
10,277
$DRIFT to $1 is fud.
Literally.
Assets added to the roadmap today: Drift Protocol (DRIFT)
coinbase.com/blog/increasing…
24
16
144
21,027
What if you could earn 100%+ APR and farm not one but two of the biggest Solana DeFi airdrops?
Here's my ultimate funding arbitrage x airdrop strategy powered by @solendprotocol, @CloneProtocol & @DriftProtocol 🧵
10
16
150
28,878
Solana DeFi is ready for $JUP 🪐
@DriftProtocol & @ZetaMarkets listing JUP perps.
@marginfi & @solendprotocol listing JUP lending/borrowing markets.
@phantom enabling JUP claiming directly from the wallet.
@MeteoraAG already allowing you to set up liquidity pools for JUP.
and more to come…
12
18
133
11,253
Kamino has introduced the new airdrop meta 👏
1. Reward early users with a tiered airdrop.
2. Reward late farmers with a linear airdrop.
If you wanna make it with a small wallet, be early.
2/ The OG Allocation will be the only tiered $KMNO allocation, enabled by the fact that large-scale sybil farming was not active during the OG era
OG Allocations will be revealed alongside the main Kamino Genesis Allocation - expected in April
7
7
152
11,732
looks like even serious projects are now launching with @pumpdotfun.
token will create community and marketing on its own while devs can focus on building.
@blinks_gg doing it first, who’s next?
21
13
134
19,616
It’s now at $2b.
The biggest market inefficiency is $JUP sitting below $1b marketcap.
13
9
136
10,465
Looks like something interesting just went live on @DriftProtocol 👀
Currently priced at $1.7b fully diluted valuation.
$KMNO
12
6
139
29,418
The @pumpdotfun exploiter is just having fun, i dont think any money is being drained from both marginfi and pumpdotfun.
All the tokens he owns are labelled as being worth millions but there’s no $SOL in the liquidity pools as money is borrowed from @marginfi and repaid in the same tx.
Nice one @STACCoverflow 😎
14
15
138
41,525
.@pumpdotfun just acquired padre, a company that raised funds and had a live token.
following the acquisition, token dumped to 0, with nothing going to padre token holders.
that's why @MetaDAOProject is bullish, it legally binds the company success to the token.
futardio.
21
12
150
13,166
People advertising @spdrswap as the biggest @JupiterExchange competitor, bro they have just integrated Jupiter API with fees on top.
13
7
143
12,157
unpopular opinion: most people would make more money holding the token rather than trying to profit from @MeteoraAG DLMM.
30
2
141
14,530
Parcl points trading at $0.002 on @WhalesMarket.
Knowing $1000 generates 4000 points per day, you're literally printing $8 per day at current rates.
= 292% APR on USDC.
It's never too late to start farming @Parcl airdrop.
10
7
134
11,494
What if NFT x DeFi was the upcoming narrative on Solana?
With the recent success of Flash Trade, you shouldnt miss the upcoming ones.
Here's my curated list of Solana NFTfi projects:
> @RainFi_
> @banx_gg
> @SharkyFi
> @texture_fi
> @OvolsNFT
> @sujiko_perps
Don't fade them.
20
27
128
13,879
The same address who just swept 137 @y00tsNFT has set up an order to buy 48 Y00ts at 132 SOL which means a sum of 6,072 SOL ($132,000) 🚀
This is a smart whale 🐳 waiting for the last paperhands to dump their y00ts into him at 132 sol.
Buying at 133 seems low risk imo 🤔
13
19
125
14,761
TOPU from @fragmetric sold out in less than a minute.
this is what happens when you whitelist Solana DeFi users.
10
7
142
7,728
playing around with @JupiterExchange...
..and noticed you could sell 7M SOL for 1 billion dollars on-chain through JupiterZ with only 0.55% slippage.
24
4
141
8,597
At some point I was in the top 10 leaderboard of @marginfi...
..now I'm getting diluted by ETH whales.
28
3
128
11,912
- $4m TVL
- OG solana builders
- Floor sitting at 5 SOL
- Angels and VC backed
- IDO coming in Q1 2024
Can you guess?
29
14
125
26,515
Few months ago if you decided to hold mSOL or bSOL instead of jitoSOL, you would have a missed a $10,000+ $JTO airdrop.
This is why you should prioritize using tokenless protocols for lending, staking, providing liquidity and trading NFTs.
✅ Why would you trade spot on Binance/Coinbase when @JupiterExchange does it better and announced many incoming airdrop rounds?
✅ Why would you trade perps on CEX when @DriftProtocol or @ZetaMarkets are hinting to reward early users?
✅ Why would you stake SOL in a random validator when you can deposit it in @Kamino_Finance to get points that will give you $KMNO tokens?
✅ Why would you provide SOL/USDC liquidity on Orca when you can do it on @MeteoraAG which will become #1 DEX and hinted an airdrop of 10% of the supply.
Easy choices but life-changing consequences.
However, most of these tokenless protocols are overfarmed and what matters the most is size, not being early anymore.
So I’ll do my best to share under the radar airdrops in the coming weeks. Airdrops no one has talked about yet.
Thanks for reading til there.
Follow @DefiSolar for what’s coming 🤝
11
17
121
19,577
I'm astonished that the $700m TVL $mSOL depegged cause a whale sold for $7m.
With lending protocols like @marginfi and @Kamino_Finance reaching 100s of millions of dolalrs TVL it may start to be profitable for for malicious people to manipulate oracles for exploits.
Stay safe.
10
11
116
22,178
Kamino is about to offer 15-20% APY on stables for the next 3 months.
This will power every incoming Kamino V2 Markets with deep and instant liquidity.
1/ Kamino Season 4 is now live
A full overhaul of Kamino's rewards system, Season 4 will have a fixed KMNO allocation, a fixed duration, and transparent user rewards
Season 4 Hub: app.kamino.finance/season4
Welcome to a new era ⤵️
12
5
123
14,314
While the Solana NFT market seems calm, few wallets have been secretly sweeping the floors of the major collections.
After hours of onchain research they all seem connected to one entity: @tensor_hq
Could this reveal an upcoming utility for Tensorians?
Let's dive in! 🧵
14
21
122
22,169
Bybit just launched @byreal_io and the first ever project on their launchpad will be $FRAG from @fragmetric
what's the best way to let everyone know you've launched a new project?
make the first ever users rich.
don't miss this.
13
7
123
7,290
Every week, @KaminoFinance users are earning over $2M in interest.
that's the tweet.
6
5
119
8,539
The biggest under the radar project has just announced its airdrop program.
We’re talking about @switchboardxyz an emerging oracle 🔮 on Solana who’s been competing with $PYTH for years.
Speaking of @PythNetwork, do you remember how big was the @PythNetwork airdrop? A stimmy of more than 150 millions of dollars was given to farmers.
Oracles are usually around 9-10 digits valuation…
…which means with a 10% airdrop supply and a 400m fdv that $40m will be split between… the few people actively farming right now.
How to farm?
Deposit/use protocols who have integrated switchboard oracles and partnered with them:
→ @mangomarkets
→ @marginfi
→ @solendprotocol
→ @symmetry_fi
→ @KaminoFinance
→ @AllDomains_
Btw @symmetry_fi is a tokenless solana DeFi protocol which has announced points farming and a leaderboard.
Do what you want with this info 🤷♂️
More and more protocols are integrating switchboard oracles, this is not just a Pyth copycat, it allows you to create your own oracles using only @JupiterExchange data for example.
This will get a lot of interest in the coming days and it will still be under farmed.
Good luck. 😎
6
15
112
21,426
I'm a proud investor of Hylo 🫶
$100M next.
Hylo has reached a new TVL all-time high, surpassing $60M! 🎉
A major milestone highlighting the growing demand for decentralized stablecoins and accessible leverage on @solana.
Hylo has pioneered a new product category and is leading its growth. 📈
11
2
124
5,963
🧵 HOW TO EARN 80%+ APY ON YOUR $SOL and having a chance of GETTING 2 DIFFERENT RETROACTIVE AIRDROPS.
We'll be using @SoceanFinance @solendprotocol & @chestfinance for this strategy !
Share this thread and follow me for more awesome Solana DeFi content 💸
Here we go ⚔️
1/10
8
39
89
