The Rabbit Hole #7🕳
Today I’m looking into the Solana DeFi ecosystem! If you’ve followed some of my content previously, you know I’m a huge believer in Solana Labs connection to Blockchain Gaming in 2022, but something that hasn’t been highlighted is some of the DeFi applications for Solanites to research. I’ve highlighted 3 of the major platforms below:
🚜For the yield-farmers:
Raydium — an automated market maker (AMM) built on Solana with lightning-fast trades, shared liquidity, and new features for earning yield.
📈For the leverage traders:
Mango Markets — a margin trading DeFi platform that let you trade with up to 5x leverage, long or short, with limit or market orders.
🔄For the infinite collateral machines:
Solend — an algorithmic, decentralized protocol for lending and borrowing on Solana that let’s you earn interest on deposits and borrow assets (Think Aave for the Solana blockchain).
What do you think of the $SOL DeFi ecosystem? Did I miss any that you think are worth mentioning?
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