Solana is Booming! Is it Time for Solana Airdrop Season?
Solana Prices and Eco System Are Experiencing A Boom
If you’ve been keeping an eye on the cryptocurrency market, you won’t be surprised to hear that Solana’s ecosystem has been experiencing a price surge that’s hard to ignore. Currently, Solana stands at an impressive $61, pulling a 4x increase in price since October. As noted in my previous article, being early to narratives forming in the crypto space and can be incredibly lucrative. With the momentum building around Solana, it’s the perfect time to explore some of the most anticipated airdrops slated to energize its ecosystem further.
Jito Airdrop
Jito is revolutionizing the concept of liquid staking by distributing Maximum Extractable Value (MEV) rewards to its holders. By staking Solana tokens, users receive JitoSOL, a liquid stake pool token, which allows them to earn liquidity and staking rewards.
With a robust $10 million funding round backed by Solana Ventures, Multicoin Capital, Framework Ventures, and more, Jito Labs is poised to make significant waves. Moreover, Jito Points introduce a dynamic rewards system, incentivizing a range of activities within the ecosystem, from DeFi participation to referrals.
How to Qualify for the Jito Airdrop
- Head over to Jito.Network and connect your Solana Wallet
- Click on Staking and select the amount of Solana you wish to allocate to the pool. You’ll earn 6.6% APY just for staking your Solana.
- Once you’ve staked your Solana on Jito you’ll receive JitoSOL which is your liquid staking token that can be used in various other DeFi protocols.
You’ll earn a higher airdrop allocation the more Jito Points you accumulate.
- Holding JitoSOL- You earn 1 point per Jito in your wallet per day.
- Interacting with DeFi on Solana- You can earn 1.5 points per JitoSOL for providing liquidity in any JitoSOL/xSOL pairs, 2.5 points for JitoSOL/SOL LP’s, and 3.5 points for JitoSOL/USDC (and other volatile pairs such as JitoSOL/UXD and JitoSTOL/stETH).
Take your JitoSol over to Orca, Kamino, or SoLend to borrow and provide liquidity for your chances at an even bigger airdrop from Jito.
Jupiter Airdrop
During the high-profile Solana Breakpoint conference, the Jupiter team unveiled plans to distribute a majority of JUP tokens through a community airdrop and token sale. Jupiter, is currently the second largest DEX on Solana with $40 Million in daily trading volume. According to Jupiter’s “Green Paper”, the project is allocating 40% of JUP tokens for its community of nearly a million users. With 20% allocated for public sale and the rest for internal and strategic reserves, the exchange is reinforcing its commitment to community-led growth of Solana’s decentralized finance (DeFi) landscape.
How to Qualify for the Jupiter Airdrop
- Head over to https://jup.ag/ and Connect your Solana Wallet
- Interact with the Jupiter DEX on a daily basis. Since there aren’t a lot of options on Jupiter we have to assume most of the airdrop allocation will come from volume.
- Swap Tokens, Use the Bridge, and Trade Assets or Stake to their Perpetuals Futures Platform. The more actions and volume the higher chances you’ll have for an Airdrop.
Airdrops can be very lucrative, especially if you’re early or interact regularly. Last bull run we saw many users earn 5 or 6 figures overnight from airdrops such as Optimism, Arbitrum, and DYDX. Do your own research and play at your own risk. Crypto can be lucrative beyond your wildest dreams.
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