Are you heartbroken by the backlash? Try Meteora, a potential stock project in the Solana ecosystem
Written by: Xiaobai Navigation Coderworld
After the recent airdrops of major projects, almost all of them were criticized, including Layer 0 that played with human nature, Zksync that secretly engaged in insider trading, and Blast that even lectured you after you took advantage of the situation...
Whether it is a large investor or a small investor, everyone is disgusted by these projects that play with human nature. The negative view that "airdrops have no future" is not unrelated to these speechless airdrop distribution rules. It may be due to the existence of these projects that the airdrop world has changed from the pure land of Web3's profit value to the hell of EdV (expected value).
Judging from the results, the airdrop projects in the Ethereum ecosystem have become a red ocean: high participation threshold, low investment return, from recharging the entry ticket to withdrawing cash, not to mention that you have to fight wits and courage with the project owner in the end to get the airdrop. I clearly came heremake moneyWhy did I get so angry when I didn’t make any money in the end?
Instead of doing this, it is better to change the environment and focus money and energy on project interactions on the Solana chain.
Today we will introduce the Solana Ecosystem Liquidity Aggregation Management Platform Meteora,It provides a large part of the liquidity for Jupiter transactions. Meteora’s innovation in liquidity pools DLMM Pools (Dynamic AMM) provides users with 0 slippage transactions.
As a member of Solana ecosystem liquidity, Meteora is likely to continue Solana ecosystem's "generous" coin issuance style, and can get relatively generous returns without paying too much interaction cost (althoughToken $MET has only been in the state of “about to issue tokens”).
In short, there is still time for all interactions before the snapshot is officially announced.
Meteora interaction, start
Points Rules
According to the passedCommunityAccording to the proposal, LP providers can only participate in Dynamic Pools, DLMM and Multi-Pool.TokenPool (Multi-token pools) to earn points.
The rules for adding liquidity to earn points are as follows:
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You can earn 1 point per day for every $1 of TVL added.
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For every $1 earned in LP you will receive 1,000 points.
Try DLMM Pools
Here, the editor takes SOL-USDC LP as an example. In specific practice, you can add LP according to the tokens you hold.
First, we enter Meteora's DLMM Pools interface: https://Xiaobai Navigationapp.meteora.ag/dlmm
If you only have USDC or SOL, you can exchange them directly from Jupiter integrated in the Meteora page.
Continue to choose to add liquidity. Here DLMM provides three liquidity income strategies:
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Spot: Evenly distribute the returns over the selected price range
If you are unsure about the future market trend, it is recommended to choose the most stable Spot strategy.
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Curve: The smaller the fluctuation within the selected liquidity price range, the higher the profit
If you judge that the next market trend will fluctuate within a certain price range, you can choose the Curve strategy to operate within a certain price range to maximize profits.
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Bid Ask: The greater the fluctuation within the selected liquidity price range, the higher the profit
If you judge that the price of SOL will show an upward or downward trend in the future, and if your judgment is correct, Bid Ask is a strategy that can maximize your profits.
Deposit LP
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First, determine the amount to be deposited into LP. For demonstration purposes, I will deposit a small amount. Please proceed according to your personal circumstances.
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Select a revenue strategy. Here we take the relatively safe Spot strategy as an example.
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Set a price range. The range here refers to the price range in which the deposited LP can generate income. If the SOL/USDC trading pair breaks through the set price range,The deposited LP will also stop generating income
Hedge risk through short selling tools
The SOL/USDC LP pair is composed of SOL and USDC, each accounting for 50%. When the SOL/USDC exchange rate changes, two situations will occur:
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When SOL rises beyond the set range, all SOL in LP will be converted into USDC
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When SOL falls beyond the set range, all USDC in LP will be converted into SOL
That is to say, when the price of SOL falls below the LP profit range, USDC value-based users will have to bear part of the loss from the decline in SOL prices.
Since Meteora's airdrop points require users to deposit LP for 7 days (one cycle) at leastIn order to obtain certainty points and avoid losses caused by price fluctuations during this period, you can use the "limit price short selling" strategy to hedge risks.
Take Binance’s SOLUSDT Perpetual Contract as an example:
PS: Short selling is risky, so use with caution.
Conclusion
There is no need to say much about the popularity of the Solana ecosystem, but it is surprisingly not that popular when it comes to airdrops.
Well-known ecosystem projects such as Jupiter and Tensor can obtain considerable airdrops with only a small amount of interaction standards. Compared with the Ethereum ecosystem, which is in a state of twist, the airdrop environment of the Solana ecosystem seems to be still in a stage where the benefits are surprising.
With Jupiter as an example, Meteora’s market expectations and distribution methods may not disappoint people, and the method of participating in the airdrop is relatively simple.
It’s just that forming an LP does not mean you can sit back and enjoy profits without any risk, but it’s not a big problem. As long as you understand the operating mechanism and are good at using tools, you can minimize the risk (how can it not be considered a 0-loss job?).
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The article comes from the Internet:Are you heartbroken by the backlash? Try Meteora, a potential stock project in the Solana ecosystem
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