Some Alpha on Five Protocols on Solana

Some Alpha on Five Protocols on Solana

By Torero99 | Solana Airdrop Season | 1 Apr 2024


Some Alpha on Five Protocols on Solana (you're probably ignoring)

It's very hard to keep track with everything happening on Solana.

Solana has been the clear blockchain of choice as of late, especially if you compare the DEX volume with other blockchains.

So here 5 updates on 5 protocols on Solana:

1: Rainfi

RainFi is a borrow/lend platform on Solana. Their latest update features custom token and NFT loans. It's a tokenless project that may launch one. Right now you can farm droplets. You can check their website here.

2: Metaplex

Metaplex recently announced CORE, a new standard for NFTs. Core allows for all key data to be stored on one account. This means: it is 87% cheaper to mint than pNFTs, dramatically less complex for developers and overall much lighter on the network.


3: Flexlend

Flexlend is lending aggregator, what that means is Flex checks different dApps for the best rates, and moves your funds automatically. In summary, Flexlend maximizes your lending rates. You can check their website here.

4: Adrastea Finance

Adrastea Finance is a Solana Native Protocol that focuses on developing complex yield strategies and making them accessible for the general user. They aim to enhance yield for users exposed to index volatility and offer high APY for stable coins. Their website didn't launch yet, the beta should be in 2 weeks, one of their product will be the first leveraged JLP x USDC yield strategy, however several others products are in the works to be rolled out throughout the rest of the year. They will launch on the Jupiter Launchpad.

5: GRASS

Grass is a network for selling that bandwidth to corporations & institutions, with a suite of applications that do this in the background of your phone or computer. The end result is passive income for selling a resource you didn't even know you had. It's a free extension that runs on the background. You can join here.


There's so much going on Solana, hopefully this article was helpful!

How do you rate this article?

12


Torero99
Torero99

Trying to explore the crypto world


Solana Airdrop Season
Solana Airdrop Season

Solana Aidrop Season is here, it's time to farm!

Publish0x

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.