Surviving the Bear Market: 11 Money-Making Guides for Solana DeFi Protocols

Written by: 0x Sketon, Decentralized Finance researcher

Compiled by: CryptoLeo

Editor’s note: After experiencing the “Black Monday” and the “CNBC blunder incident”, the market has turned cold again. BTC remains around the $80,000 level, and most altcoins have halved compared to a year ago, with the secondary market in mourning; those who are good at hunting dogs might still encounter one or two golden dogs.

Overall, the development of tariffs and Trump’s “big mouth” characteristic have led to a market that is completely driven by news, making it more difficult to profit from trading cryptocurrencies. DeFi researcher 0x Sketon has written about 11 yield-generating DeFi protocols on Solana worth participating in, with a focus on lending and stablecoin deposits. The following is a compilation by Odaily Planet Daily.

This article will introduce the 11 major DeFi strategies for earning passive income on Solana, looking for annual returns of 15% to 50% through lending, Vault, and Farming. Below is a curated list of protocols for earning stable returns:

1、Adrastea Finance

Lend USDC and earn an APY of 13.94%;

Provide SOL (Solayer) for liquidity re-staking, with an APY of 9.7%.

2. NX Finance

Deposit SOL into the GMS lending pool (APR 16.68%), earn rewards + double points through collaboration with Fragmetric.

3、Vaultka

JLP mining (15% -20%), V1 version lends SOL (APY 16.65%), USDC (10.27%), USDT (12.65%);

In addition, you can borrow JLP and SOL for leveraged mining (maintaining loan health), with partners including: Jupiter, Solayer, Jito.

4. RateX (also known as Little Pendle)

Choose high APY pools to deposit staked tokens and earn Fragmetric + native points.

5、DeFituna

Borrow tokens into protocol pools, currently the pools with higher APY include SOL, Fartcoin, USDS.

6, Pluto

Deposit and borrow USDC, SOL, and PYUSD, and earn higher APY through its JLP and INF compounding.

7、Exponent

Pendle-style DeFi protocol on Solana allows for exchanging corresponding tokens through Jupiter and depositing them into matching pools. This protocol also features farming and rewards for depositing into liquidity vaults (including bonus rewards from staking token protocols: Fragmetric, Fyros).

8、Sandglass

Lending aggregator, select JLP pool deposit, APY is 5 – 20%.

9、Vectis Finance

Delta neutral strategy, choose a gold vault to deposit USDC, earning a stablecoin APY of 6 – 25%.

10、Neutral Trade

Led by a former Goldman Sachs team;

Choose a yield strategy and deposit funds to earn 1-2 times NT points (airdrop).

11, synatra

Synthetic Re-staking Protocol, exchange SOL for ySOL, earn 31 – 38% APY.

The above is the lending and deposit APY earning protocols shared today. I recommend paying special attention to the following projects:

Neutral Trade: Created by quantitative analysts, traders from Goldman Sachs, Barclays, and the world’s three major hedge funds, as well as experienced Web3 developers; it is also one of the award-winning projects of the Solana Radar hackathon.

RateX: The seed round financing was participated by GSR, Animoca Ventures, etc., funded by the Solana Foundation, and is also the first prize winning project of the Solana 2024 Renaissance hackathon MCM, with a clear mechanism;

Exponent: Announced completion of $2.1 million financing in 2024, led by RockawayX, with deposit staking tokens eligible for multiple project points bonuses;

DeFituna: Founder Dhirk previously stated that they are working on the V2 version and simultaneously developing an independent product, which will announce the token TGE news. However, the DeFituna token is primarily a revenue-sharing token, and governance features will be added in the future. Dhirk also revealed a $200 million market manipulation plan on the M 3 M 3 platform, involving tokens such as LIBRA and MELANIA (then called Moty);

NX Finance: Collaborated with multiple DeFi protocols on Solana. Although the TVL is not high, there are expectations for airdrops from its points system.

Finally, most of the projects, including the recommended ones to pay attention to, are early-stage projects and carry certain risks. Participate with caution and DYOR!

If necessary, key projects will be selected for detailed introduction in the future.