The Rabbit Hole #7šŸ•³

derek_xyz
1 min readJan 24, 2022

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Today Iā€™m looking into the Solana DeFi ecosystem! If youā€™ve followed some of my content previously, you know Iā€™m a huge believer in Solana Labs connection to Blockchain Gaming in 2022, but something that hasnā€™t been highlighted is some of the DeFi applications for Solanites to research. Iā€™ve highlighted 3 of the major platforms below:

šŸšœFor the yield-farmers:
Raydium ā€” an automated market maker (AMM) built on Solana with lightning-fast trades, shared liquidity, and new features for earning yield.

šŸ“ˆFor the leverage traders:
Mango Markets ā€” a margin trading DeFi platform that let you trade with up to 5x leverage, long or short, with limit or market orders.

šŸ”„For the infinite collateral machines:
Solend ā€” an algorithmic, decentralized protocol for lending and borrowing on Solana that letā€™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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derek_xyz

Researcher @ The Rabbit Hole | Associate @ the Rines Angel Fund | VP @ UNH E-Club | UNH Honors Student | DeFi + Web 3.0 Enthusiast šŸš€šŸ’”