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Solana Airdrop Farming Strategy

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10 months ago

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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 themđź§µ
@TradeNeutral I'll start with a simple strategy. â—† Bridge USDC to Solana â—† Go to Neutral Trade â—† 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: â—† Buy PST on Jupiter (PST is Huma Finance's yield-bearing stablecoin) â—† Go to RateX (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: â—† Go to Loopscale (loop.sl/i/SK6SQ) â—† Click on "Loop" -> Search for "PST" and select the PST-2507 loop â—† 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: â—†Restake SOL for kySOL on Kyros (boost.kyros.fi/?ref=loswuc) â—†Go to RateX -> Click on "Liquidity" -> kySOL-2508 pool -> Deposit kySOL In this way, you'll earn Kyros and RateX points at once.
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