Marginfi is a decentralized lending protocol on Solana that prioritizes risk management to provide a safe and reliable solution for users looking to access leverage and maximize capital efficiency.
The protocol is a fully permissionless suite of smart contracts deployed on a blockchain, paired with real-time risk management and automatic liquidations. Marginfi is composable both downstream and upstream with third-party protocols, allowing users to unify their on-chain portfolios and access a wide range of decentralized finance (DeFi) services.
Marginfi released a MRGN point system on there platform which indicates that an $MRGN airdrop for platforms users is coming! Click here to read more about the point system.
We have a simple strategy to position yourself for the upcoming $MRGN airdrop!
Step by Step Guide
Lets dive in quickly!
To start Click Here and register for free on Marginfi.
– Fund your wallet with $Sol or any Sol Token listed on MarginFi.
– Connect your phantom or any solana wallet.
– Next click on supply, select a token where you have funds, supply and approve tx.
Next, Lets borrow
– Switch to Borrow
– Select any token of choice
– Input amount, borrow & approve tx.
NOTE: Borrow atleast 25%-50% of supplied amount.
Do not over borrow so you don’t get liquidated.
You can interact with $30-$50.
There are three major ways to earn points:
– Lend
– supply
– Refer
The more you borrow/supply/refer, the more you earn.
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