DEFI SERIES VOL 1: Pendle of Solana 🇺🇸; RateX
THE SUITS LOVE THE YIELD!! DEFI!!
Defi year? Yes! What chain? Trump’s chain, I hate to admit it but Trump seems to like Solana than ETH. Why? Solana’s American chain 🇺🇸. Trump can be some nationalist; from his MAGA to his tarrif threats to nations.
Enough of the lil politics. If Solana is the chain then Defi on it will boom.
That said, I’m bullish on RateX. Pendle on Solana!
How to stay positioned to this one? - use the chain (farm it for future airdrop) Asides the airdrop the tech is good
Details on them 👇🏻
RateX is a leveraged yield exchange, similar to Pendle but on Solana. The decentralized exchange focuses on leveraged yield trading, and users can trade synthetic yield tokens of various yield-bearing assets (YBA) with leverage. Additionally, RateX offers features like Earn and synthetic assets to meet various user needs.
The team won the Solana 2024 Renaissance MCM, and major investors like Animoca Ventures, KuCoin Ventures, GSR, Summer Ventures, SNZ Holdings, etc., participated in the funding round. The platform is an all-in-one DeFi DEX that offers leveraged trading of YT of different YBA. Yield Tokens are the yield components of the YBA, which are volatile, and their value changes in response to the changes in the YBA’s APY.
A good example is the YT of mSOL with six-month maturity. If the implied yield increases from 7% to 9%, the price of the YT would rise to 26.8%. The margin trading system allows traders to leverage their positions up to 10 times their deposited assets to increase potential returns.
Using RateX positions you to farm up to four different protocols at the same time. Here’s how it works:
Connect your wallet and click on “Points.”
Choose IrtsSOL.
There are three strategies.
YT-lrtsSOL-2506:
Increase points by getting YT for more leverage, boost multipliers from Solayer, Sonic, and Adrastea. Points are redeemable for airdrops, and there’s flexibility to exit anytime before the yield token reaches zero at maturity.lrtsSOL-2506:
Withdraw funds anytime, earn IrtsSOL APY, Sonic AVS delegation rewards, trading fees from RateX, and points from Solayer, Sonic, and Adrastea. Liquidity providers earn a 3x multiplier on RateX points.PT-lrtsSOL-2506:
Fewer points but a fixed APY of 32%.
Depositing IrtsSOL makes you eligible to earn a SOL-based APY of 21.508%.
2. Top Capital Efficiency
The DeFi strategies on RateX are the best right now on Solana. Retail traders and investors have access to maximized yields on different Solana tokens. The leveraged boost points farming feature also helps with the capital efficiency benefits you can get on RateX.
3. High-Yield SOL Strategy
High SOL-based APYs are the reason you should sign up for RateX. The platform utilizes different protocols to farm points by providing liquidity, and Solana users can leverage these options to earn high yields.
4. Guaranteed APY as High as 30%
Using the strategies highlighted above, you have access to a guaranteed high APY, which can earn you passive income quickly. Moreover, U.S. T-Bills-backed yields are available as well.
Also, they’ll partner with Perena (stable coin Defi protocol on Solana backed by Binance). They’ll launch Perena’s USD* yield trading this week, use my ref to farm - perena.org/swap?code=portability_index_daofi
Check out RateX here to position yourself for four different airdrops on Solana.
Farm using my ref to stay positioned- https://app.rate-x.io/referral?ref=2JWCo3LS
Disclaimer: Not sponsored or invested, just bullish and you should be!
There is only one and only Pendle in this world