Surviving the Bear Market: Solana Edition – A Guide to Earning with 11 DeFi Protocols
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Surviving the Bear Market: Solana Edition – A Guide to Earning with 11 DeFi Protocols
An annualized return exceeding 15% and anticipated airdrops.
Navigating Web3 tides with focused insightsAuthor: 0x Sketon, DeFi Researcher
Translation: CryptoLeo
Editor's Note: After the "Black Monday" and the CNBC false report incident, the market has cooled down again. BTC remains around $80,000, most altcoins are down roughly 50% compared to a year ago, and the secondary market is in distress. Only those chasing memecoins might occasionally stumble upon a golden dog.
Overall, developments surrounding tariffs and Trump’s outspoken nature have made the market entirely driven by news flow, increasing the difficulty of profiting from trading cryptocurrencies. DeFi researcher 0x Sketon outlines 11 yield-generating DeFi protocols currently worth participating in on Solana, with a focus on lending and stablecoin deposits. Odaily Planet Daily has compiled and translated the following.
This article introduces the top 11 DeFi strategies for earning passive income on Solana, exploring ways to achieve annualized yields ranging from 15% to 50% through lending, vaults, and farming. Below is a curated list of protocols offering stable returns:
1. Adrastea Finance
Lend USDC for a 13.94% APY;
Provide SOL (via Solayer) for liquidity restaking with a 9.7% APY.
2. NX Finance
Deposit SOL into the GMS lending pool (APR 16.68%) and earn yield plus double points through its partnership with Fragmetric.
3. Vaultka
JLP mining (15%–20%), V1 version lending: SOL (APY 16.65%), USDC (10.27%), USDT (12.65%);
Additionally, users can borrow JLP or SOL for leveraged mining (while maintaining healthy loan-to-value ratios), in collaboration with Jupiter, Solayer, and Jito.
4. RateX (aka “Mini Pendle”)
Select high-APY pools to deposit vested tokens and earn both Fragmetric and native points.
5. DeFituna
Borrow tokens into protocol pools; currently higher-APY pools include SOL, Fartcoin, and USDS.
6. Pluto
Deposit and borrow USDC, SOL, and PYUSD, then reinvest via its JLP and INF loops to achieve higher APY through compounding.
7. Exponent
A Pendle-style DeFi protocol on Solana—swap for relevant tokens via Jupiter and deposit into matching pools. The protocol also offers farming incentives and liquidity vault rewards, including boosted points from staked token protocols such as Fragmetric and Fyros.
8. Sandglass
A lending aggregator—deposit into JLP pools for an APY of 5–20%.
9. Vectis Finance
Delta-neutral strategy—select a vault to deposit USDC and earn a stablecoin APY of 6–25%.
10. Neutral Trade
Founded by former Goldman Sachs team members;
Select a yield strategy and deposit funds to earn 1–2x NT points (potential airdrop).
11. synatra
A synthetic restaking protocol—convert SOL into ySOL to earn 31–38% APY.
The above are today’s featured protocols for generating APY through lending and deposits. I recommend paying close attention to the following projects:
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Neutral Trade: Built by quantitative analysts, traders from Goldman Sachs, Barclays, and three major global hedge funds, along with experienced Web3 developers; one of the winners at the Solana Radar Hackathon;
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RateX: Raised seed funding from GSR, Animoca Ventures, etc., supported by the Solana Foundation, and won first prize at the Solana 2024 Renaissance Hackathon MCM track—clear mechanism design;
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Exponent: Announced a $2.1 million raise in 2024 led by RockawayX; depositing vested tokens grants bonus points across multiple projects;
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DeFituna: Founder Dhirk previously announced development of a V2 version and an independent new product, with TGE details to be revealed later. DeFituna’s token will initially function as a revenue-sharing token, with governance features added in the future. Dhirk previously exposed a $200 million market manipulation scheme involving the M3M3 platform, linked to tokens like LIBRA and MELANIA (formerly known as Moty);
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NX Finance: Has formed partnerships with multiple DeFi protocols on Solana. Despite relatively low TVL, its point system carries strong airdrop expectations.
Finally, including the recommended projects mentioned above, most are early-stage ventures carrying inherent risks—participate with caution and always do your own research (DYOR)!
If needed, we may provide in-depth coverage of select key projects in the future.
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@0xSketon
