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What to farm on Solana rn
I saw the question pop up twice yesterday in two different places, so I figured I’ll give you my take.
“whats worth farming on solana rn?”
So, first off. Solana is good. But I wouldn’t say I’m super bullish on Solana airdrops in the short term. I do think there are some solid plays.
Here are my two favorite picks:
Meteora - Low-key bullish
I like Meteora because they have a very good product for liquidity providers which can give spectacular yield to those who use it right, even without any airdrop. Since being an LP is hard, not everyone can farm the airdrop without losing money. I’m betting this will make the airdrop less diluted.
They’ve obviously been in some headwinds lately but I think they’ll heal and if the timing is right, it could be a juicy airdrop.
Parcl - Solid stablecoin returns
If you want farm something with stablecoins on Solana, I’d go with Parcl. Providing liquidity with stablecoins here can yield some decent returns. And since Parcl lets you speculate on rising and falling real estate markets. $PRCL is a RWA play.
Check out any of these protocols by learning about Meteora here, and Parcl here.
Next time we speak it will be about how to get three digit stablecoin yields while enjoying points for one of the most bullish airdrop opportunities right now, imo.
Hint: You can get double digit yields on ETH pegged assets as well.
Talk then,
/Kris Valen