November 28, 2023

Trying Drops on Solana??

Let's try!!

So, there was a project called jito.network, they've already made a snapshot, and there's not much sense in their jitoSol now.

What can we do now? Go to https://stake.solblaze.org/?r=65eeb2cb1bbd19e5

Stake to get 1 bSol.

Why bSol?

  • We also get a portion of $BLZE for using bSol in other protocols. BLZE will periodically drop for us.

Another potential project for a drop, so we take it, but not all-in. Better to keep the rest in USDC.

Next, move here:

Lend your bSol and borrow JitoSol (we can then use them to boost our volumes on jup.ag or stake them, lock them in other protocols).

There's also a "collect rewards" button at the top (where we can claim our $BLZE from bSol). We can also deposit USDC to earn more points for activity and borrow the same JitoSol.

We get points for both lending and borrowing.

And keep an eye on the Health rate.

Borrow less)

We can also add liquidity with bSol of your choice: https://stake.solblaze.org/app/defi The APY is attractive, but I'll probably wait for a drop from something first.

Swap on Solana: https://jup.ag So, we've deposited, borrowed, but now we need to swap))

Jupiter is an aggregator, like 1inch.

I recommend using it or swapping on the platforms mentioned above.

Wormhole: There's also a L0 (Wormhole) on Solana, which is cross-chain technology tweaked for Solana. I recommend exploring their ecosystem at https://twitter.com/wormholecrypto

A modest guide because I don't have much time. Your thanks to me is to join and get the drop together with me.

Don't forget to create multiple accounts)

There are many projects on Solana. When I have time, I'll post a list.