Lending $w to marginfi, kamino to farm airdrop
Instead of keeping the $w token in your wallet, you can use it to lend it to any platform that supports the $w token, and there are 2 leading TVL systems in this area: marginfi and kamino. The purpose of lending here is not to earn interest but to farm airdrops. Because tokens like $w, $pyth do not have much need to borrow, these tokens usually do not have interest rates.
Currently, you should lend to marginfi because Kamino is about to airdrop - season 2 is about to end. For marginfi, the lending campaign has started since August 2023, but there is currently no information about the airdrop so the opportunity is still there. . Marginfi currently has a point system for users to use, this is a potential airdrop in the future.
> How to farm points to hunt marginfi airdrops
a. Introduce
Marginfi has not confirmed any airdrop or token issuance. The only announced margin is to record user contributions in points through lending and borrowing.
Marginfi raised 3M from leading Backers such as: Pantera Capital, Multicoin Capital, Solana Ventures.
b. How to calculate points
For every $1 loan we will earn 1 point/day and for every $1 loan we will earn 4 points/day. However, you can use the Backpack Wallet to get an additional 5% of points and have the airdrop available on your backpack.
For example, if you put $1000 $w in and then borrow $400 again, you will get 2600 points every day and 5% of 2600 points if using a backpack wallet.
c. Instructions for farming points on marginfi.
Step 1: Access the marginfi link: https://app.marginfi.com/
Step 2: Lending
Enter the amount of token $w to lend
Select Lend then select $w token and lend it and you're done. Tokens can be withdrawn at any time after lending and are not locked.
#$W
