There are 5 Solana airdrops I'm farming:

Huma - a PayFi Network
Loopscale - a modular lending dApp
Kyros - a liquid restaking protocol
RateX - a leveraged yield exchange
Neutral Trade - an on-chain hedge fund

Here's a quick overview of my strategy for farming them🧵  

@TradeNeutral 

I'll start with a simple strategy.

◆ Bridge USDC to Solana
◆ Go to Neutral Trade
◆ Deposit USDC in "Hyperliquid Funding Arb" vault (a funding rate arbitrage vault)
 
You'll then earn ~11% APY + 2x Neutral points +  qualify for a potential $HYPE 2.0 airdrop. 

@LoopscaleLabs + @RateX_Dex

This strategy is more complex, but it enables farming several airdrops at once:

◆ Buy PST on Jupiter (PST is Huma Finance's yield-bearing stablecoin)

◆ Go to RateX (https://app.rate-x.io/referral?ref=MLAt7yEV) -> Click on "Points" -> "PST" -> Buy PT-PST-2507

(By buying PT tokens, you'll forego Huma Feathers points in exchange for a fixed yield)

Next steps are:

◆ Go to Loopscale (https://loop.sl/i/SK6SQ) 

◆ Click on "Loop" -> Search for "PST" and select the PST-2507 loop

◆ Then deposit PST-2507 in a loop with ~4x leverage

With the strategy above, you'll earn:

• RateX points
• Loopscale points
• ~29% APY on stablecoins

It's hard to find a better yield and airdrop opportunity than this in DeFi.

@humafinance 

Huma offers a 10% organic APR from real-world payment financing.

And you can get a 10% APR + Huma Feathers points by depositing USDC into the “Classic” pool with a 6-month lock.

I expect a total APR of 25-30% on USDC from the 10% base yield and the airdrop yield.

@KyrosFi + RateX

I'm a big fan of "2 birds, 1 stone" strategies, so here's one more:

◆Restake SOL for kySOL on Kyros (https://boost.kyros.fi/?ref=loswuc)

◆Go to RateX -> Click on "Liquidity" -> kySOL-2508 pool -> Deposit kySOL

In this way, you'll earn Kyros and RateX points at once.

Solana Airdrop Farming Strategy

One investing tip:

If you're still unsure if you should buy a token after doing research, skip it.

Saying no to average opportunities and patiently waiting is also a strategy.

Exceptional opportunities are the ones that can make you rich.

Coinbase's Base L2 will go live on mainnet in early August.

→ a % of Base's transaction fees will be sent to Optimism Treasury

→ Optimism has now the cheapest fees amongst Ethereum L2s

→ $OP started outperforming the market yesterday

Worth keeping an eye on $OP & $COIN.

$PENDLE is up 46% in the past 7d🤯

This is primarily because of the Binance listing.

But also due to the success of the recently launched yield boosters on top of Pendle.

Smart tokenomics can make wonders in DeFi.

I highly recommend using @defiwars_ for tracking DeFi wars.

Hong Hong's largest bank has just enabled its customers to trade #BTC and #ETH ETFs!

 It's worth remembering that China had a completely anti-crypto policy in 2021.

How long until the US joins the crypto race?

Polygon zkEVM is a sleeping giant.

It currently has $40M in TVL, but I believe that it has the potential to surpass $1B in TVL one day.

Here's why & how you can take advantage before it takes off👇

Polygon zkEVM mainnet beta went live in March 2023.

It's an Ethereum L2 ZK scaling solution with EVM equivalence - this means that smart contracts that run on Ethereum L1 can run on Polygon zkEVM as well

Vitalik Buterin himself did the first transaction on the new Layer 2.

Yet despite all the initial hype around it, its TVL currently sits at $40M.

So, the question is, is Polygon zkEVM another dead blockchain or the next Arbitrum / Optimism?

Here are a few reasons why the latter seems more likely:

Polygon zkEVM is still in BETA

Major upgrades & new additions are still yet to come:

• new security features (an implementation of forced transactions to L1, and upgrades with a 30-day timelock)

• oracle infrastructure (Chainlink is coming)

• UX improvements for developers

On top of that, the transaction fees have been reduced a lot over the past months.

Initially, the transaction fees on Polygon zkEVM exceeded a few dollars, but in the meantime, they significantly decreased.

And the team continues to work on gas optimizations.

https://twitter.com/sourcex44/status/1666149078819012613

 Moving on, as ZK rollups are more complex than Optimistic rollups, the existence of undiscovered bugs is more likely.

Thus, developing a secure & decentralized zkEVM takes time.

Rushing to onboard a large number of users before the network is 100% ready can be a risky move.

@0xPolygonLabs's major partnerships

• in 2021, AAVE chose Polygon as the first chain for deployment after Ethereum

• popular brands such as Starbucks started NFT loyalty programs on Polygon

• last year, Reddit released NFT avatars on Polygon and had a striking success

https://twitter.com/milesdeutscher/status/1577288188141662208

This is to show that Polygon has a great BD team.

In bull runs, making big collaboration announcements is an excellent way to attract retail attention.

If big brands start building on Polygon zkEVM as well, this would likely have a positive impact on driving further adoption.

Incentive Programs & Airdrops might be coming🎁

A tweet posted by Polygon Founder hinted at potential rewards for the early users of the new L2.

As we've seen in the case of many L1s during the previous bull run, incentive programs can be very efficient at attracting new users.

https://twitter.com/sandeepnailwal/status/1656262074950094850

$MATIC has a whopping $6.2B market cap.

23.33% of its supply is allocated to the ecosystem, so the team could use some of the remaining funds to launch a massive incentive program.

On top of that, Polygon raised over $450M in a funding round last year.

https://twitter.com/ETH_Daily/status/1592864761758089220

 All the above points make me think that Polygon zkEVM will easily hit $1B TVL at some point in the next 2 years.

Until this eventually happens, we have a great opportunity to take advantage of the early state of its ecosystem.

How? Let me show you:

As the TVL of Polygon zkEVM is currently low, the valuations of many protocols build on top of it are very small as well.

If you believe that the future of Polygon zkEVM is bright, a good way to take advantage of this is by buying gems within its ecosystem.

Buying $MATIC might be a profitable strategy as well.

But investing in new projects native to the Polygon zkEVM is like a high-leverage bet on its growth.

Now let's talk about how you can discover new protocols built on this L2 early 👇

• Using DeFillama

"Recently Listed Protocols" is one of the best DeFiLlama dashboards.

You can access it by following these steps:

• Go to "DeFi"
• Click on "Recent"
• Click on "Filter by Chain" and select only Polygon zkEVM

Voila.

 You'll see a list of the most recent protocols that have been deployed on Polygon zkEVM.

 Now your goal is to find the ones that have the most potential.

 Generally, for medium-long term bets, I'm looking for projects that meet these criteria:

• a competitive edge (either the first mover advantage or unique products/features that set them apart)

• decent tokenomics (fair token distribution and no insanely high token emissions)

• social media presence ( >5 tweets posted every week, or plans to ramp up on marketing)

• Using Twitter

@0xPolygonDeFi Twitter Account covers the most important developments on Polygon.

Product launches, ecosystem announcements, and milestones, & everything DeFi.

Reading its tweets on a regular basis can help you stay on top of the latest ecosystem developments.

Every Thursday I send a new newsletter issue where I share:



• on-chain insights
• my crypto watchlist & thoughts on the market
• a summary of what happened in DeFi last week



 Join 3800+ others here for free👇

https://twitter.com/TheDeFinvestor/status/1664574597117669376

Polygon zkEVM: Unleashing the Sleeping Giant

LSDfi is one of the hottest DeFi narratives right now.

I've compiled the upcoming catalysts of LSDfi projects to help you determine which one has the most potential.

 Enjoy 👇

More bullish news keep coming:

Invesco and WisdomTree also filed for a spot #BTC ETF.

The coordinated FUD turned into a coordinated effort to pump prices.

The Avalanche team has been tirelessly building through the bear market

They released a launchpad for deploying & scaling no-code blockchains, partnered with lots of institutions, and much more

Here's your chance to catch up with what's going on with #Avalanche:

In the middle of the bear market, Avalanche hit a new all-time high in monthly active wallets.

So I've decided to take a look at what the Avalanche team has achieved in the past months and what led to this fantastic growth.

 Let's dive in:

https://twitter.com/jayks/status/1664292314221629443

🔶AvaCloud

AvaCloud is a Web3 launchpad for deploying & scaling no-code custom blockchains.

It went live 2 weeks ago.

As you may know, Avalanche aims to scale through subnets.

Subnets are fully customizable sovereign networks that are secured by a % of the $AVAX validators.

https://twitter.com/avalabsofficial/status/1661380521803362305

Subnets are great solutions especially for applications with specific requirements like very high throughput and extremely low fees.

(e.g. games)

AvaCloud aims to reduce the time required to spin up a subnet to just a few minutes⏲️

🔶HyperSDK

Earlier this year, Avalanche introduced HyperSDK, the first framework for building high performance Virtual Machines (VMs) on Avalanche.

VMs are core pieces of blockchains that take transaction information & execute smart contract interactions.

https://twitter.com/_patrickogrady/status/1637850258465239040

HyperSDK makes the process of launching an optimized blockchain on an Avalanche subnet much faster & easier.

Building their own VM makes sense for projects that want to optimize their subnet for specific use cases.

An experimental version of a HyperSDK VM achieved 50k TPS🤯

https://twitter.com/cgcardona/status/1661061517931061248

🔶Evergreen Subnets

One of the Avalanche's goals is to be the go-to for institutions.

With this in mind, Evergreen Subnets were introduced in April.

Evergreen Subnets are designed for institutional blockchain deployments.

https://twitter.com/avax/status/1643992066777808897

They feature user permissioning based on KYC standards, geofencing for jurisdictional requirements & other regulatory considerations that are needed by institutions.

🔶Spruce Subnets

In April, the Evergreen Subnet called “Spruce” has been launched.

4 institutional partners agreed to use Spruce and explore how they could leverage blockchain technology.

Spruce aims to drive institutional adoption of Avalanche subnets.

https://twitter.com/avax/status/1646177765211930625

In the initial phase, Institutional partners use dApps on Spruce to execute FX & interest rate swaps.

But the long-term goal is to facilitate asset tokenization through these subnets.

Intain has already launched a marketplace on a subnet for tokenized asset-backed securities.

🔶Partnerships with web2 & web3 giants announced in 2023

• In May, Alibaba Cloud announced the launch of a launchpad for businesses to deploy metaverses on Avalanche

• TSM, a leader in the esports industry, revealed their plans to launch a subnet and bring Blitz App on-chain

https://twitter.com/avax/status/1633165703359627266

• SK Planet, a leading data & technology company in South Korea, has just released its subnet

• DOS Labs, a gaming studio with 400k+ daily active players, launched a subnet in February

 As @luigidemeo pointed out, the launch of the SK Planet Subnet has been very successful:

https://twitter.com/luigidemeo/status/1666602111730155520

And last but certainly not least, Avalanche partnered with Amazon Web Services in January, with AWS now supporting Avalanche’s infrastructure.

Moving on to DeFi projects, Uniswap & Balancer also announced their deployment on Avalanche in the coming months.

Sushi V3 has also been deployed on Avalanche C-Chain 2 days ago.

Overall, I am pleasantly surprised by the recent progress of the Avalanche team.

Especially in terms of institutional adoption, the project is doing great.

For regular Avalanche updates, follow @CaesarJulius0:

https://twitter.com/CaesarJulius0/status/1666828638287720449

 Every Thursday I release a new newsletter issue where I share:

• on-chain insights
• my crypto watchlist & thoughts on the market
• a summary of what happened in DeFi last week



 Join 3000+ others here for free👇

https://twitter.com/TheDeFinvestor/status/1664574597117669376

The Growth of Avalanche in the Bear Market

This year the SEC sued:

•  @binance
•  @coinbase
•  @Paxos
•  @Gemini
•  @krakenfx

  Maybe some of them fucked up indeed.

 But this looks more like a coordinated attack on crypto rather than "customer protection".