This article was compiled from a long-form twitter thread. To read the original, visit this link: https://x.com/inv515/status/1894552351174005034
The Double Down: Farm 2 Airdrops in 1 Play
Everyone wants to farm airdrops & making the most of your existing capital is the OG play.
It's times like this where @KaminoFinance shines.
Let's unpack
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If you're willing to tolerate some risk, then the double-down strategy will increase your rewards.
Kamino is the centre of this strategy. To optimize it, we'll need another reliable provider.
@RainFi is the go, join with this link.
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Now, @jito_sol is the token of choice. On Kamino, we can borrow it for just .06% interest using the Jito Market or 1.12% using the main market.
That's not quite interest-free money but it's pretty close.
This is exactly why Kamino is so popular right now.
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The market is down ATM. So, the safe play is to use stablecoins to insulate us against volatility.
It'll cost a little more in interest but it should insulate us from the worst of the price movements.
We can use the current USDS promotion to nab extra rewards
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Lending stables gives us the ability to borrow up to 80% of LTV with liquidation at 90%
We're insulated against market shifts with USDS but we'll still need to be careful of price spikes against SOL.
So, keeping a moderate LTV ratio is a smart move.
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Depositing our USDS gives us immediate rewards & a Kamino points boost.
Loaning around $500 lets us borrow more than 2 SOL at current rates.
To keep it easy, we'll borrow 1.2 which is enough to earn some points while keeping the odds of liquidation low.
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Before we go, we want to switch on notifications.
This is the smart play, as we can get advised when the market shifts & our position is at risk.
Use Telegram or Email, it's your choice but don't snooze on it because liquidation sucks.
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Now we use http://rain.fi to create our pool & earn droplets for rewards.
We'll do this by visiting the earn tab & creating a JITOSOL pool.
By using the basic strategy, we can have a pool up & running with just a few clicks.
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This gives a standard config for loan duration & APY. You can modify these if required.
Don't go too crazy though, favourable conditions mean it's more likely people will use the pool.
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The last step is setting tokens for collateral. You can choose meme coins, LSTs & stablecoins.
When you're done hit "create pool" & you're ready to go!
You're now farming Kamino Points & Rain Fi droplets in one smooth play, but be sure to keep an eye on things.
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Like this thread? Follow @gimme_crypto_ for more like it.
All the smart plays go to our telegram as well. You can join using this link.
This is the end of the thread.
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