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Tari is a Rust-based blockchain protocol centered around digital assets.
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NX Finance: Solana Decentralized Finance Ecosystem Yield New Engine
Yield Layer in the Solana DeFi Ecosystem: NX Finance
Against the backdrop of the flourishing Solana ecosystem, NX Finance has emerged as an innovative Decentralized Finance project. It aims to become the yield layer of the Solana DeFi ecosystem, providing users with diversified investment strategies through the yield leverage of interest-bearing assets and the yield split of airdrop points.
The Rise of Solana Decentralized Finance Ecosystem
Recently, the TVL on the Solana chain has grown from $300 million in Q3 2023 to $4 billion in July 2024, demonstrating strong development momentum. This growth is mainly driven by a massive influx of funds brought by the memecoin craze, which in turn has fueled the demand for stable DeFi yields.
Currently, DeFi yields on the Solana chain mainly come from two types of assets: LST (Liquid Staking Token) assets and on-chain perpetual contract trading pool assets. With the popularity of DeFi scenarios in the Solana ecosystem, more and more projects are adopting points-based airdrops to incentivize user participation.
Introduction to NX Finance
NX Finance is positioned as the yield layer of the Solana Decentralized Finance ecosystem, mainly providing two strategies:
Fulcrum Strategy
The Fulcrum strategy allows users to achieve higher returns by leveraging interest-bearing assets. Taking the JLP (Jupiter Liquidity Provider) asset pool as an example, users can collateralize JLP, borrow USDC to purchase more JLP, thereby achieving leveraged returns. In the future, NX Finance plans to incorporate more interest-bearing assets, such as FlashTrade's FLP and potentially GMSOL assets.
Gold Mining strategy
The Gold Mining strategy is designed to split the implicit returns of airdrop points. Users can choose to lend assets to obtain stable interest based on their own risk preferences, or borrow assets to increase the number of points to acquire more potential airdrop returns. Currently, the points yield splitting pools for SolLayer, The Vault, and Sanctum are about to launch.
The Impact of NX Finance on the Solana Decentralized Finance Ecosystem
Seamless integration of income-generating assets: NX Finance allows users to adjust leverage ratios to achieve risk redistribution, catering to different risk preferences.
Risk redistribution of points airdrop: Through innovative airdrop strategies, NX Finance provides users with the opportunity to redistribute the risk of expected airdrop returns over time.
Future Development
NX Finance plans to expand its lending pool in the third quarter to support more assets. At the same time, its airdrop season started on July 1 and will subsequently conduct an IDO at the end of the third quarter.
Airdrop Season 1: Points Adventure Event
The airdrop event of NX Finance includes three main parts: total locked amount points, referral system, and team gains. Users can earn points accelerators (Xcelerator) by participating in various tasks, thereby increasing their daily point earnings.
Conclusion
With the rapid development of the Solana Decentralized Finance ecosystem, NX Finance is committed to becoming a key component within it. By providing diversified yield strategies and risk management solutions, NX Finance is expected to play an important role in the wave of DeFi on Solana, promoting further maturity and development of the ecosystem.