Solana 💼 Hello Solana

Phantom ✨ Allbridge ✨ Saber ✨ Raydium

This blog will focus on user-perspective DeFi methods including transferring, swapping, farming and staking on Solana Blockchain. The transactions below are for research purpose only, not financial advice.

• 👛 Phantom wallet
• 🌉 Allbridge : Transfer BSC.BUSD ⇢ SOL.abBUSD
• 🗡 Saber : Swap abBUSD ⇢ USDC
• 🌈 Raydium : Swap, Farms, Staking

Let’s get started!

👛 Phantom wallet

Phantom makes it safe & easy for you to store, send, receive, stake, and swap tokens on the Solana blockchain.

Create a Phantom wallet and don’t forget to save a recovery phrase.

Phantom wallet address: FAehHPoVJ8Zi5pEZyn5xTJEYMSbTxRRcTsWupLM9LtNH

🌉 Allbridge : Transfer BSC.BUSD ⇢ SOL.abBUSD

Easily transfer tokens and coins between various blockchains

Bridge fee was fixed at 0.25 BUSD | Approve tx: https://bscscan.com/tx/0x68cc1dd80a479a0ee499275370993172e7d70da8dcbbcbc8a9228c0a92c56e35

Note that the destination address will need some SOL to pay for the transaction on receiving address.

So I’ve sent some SOL to my Phantom wallet via Binance before going next step.

Now I’ll try sending 10 BUSD. 👇

Send tx: https://bscscan.com/tx/0x20d893d5decc507b737f69bf3c73e64c77104d6368da85961ffb46bc7a61f361

Wait until the confirmation transaction succeeds, then connect to the destination Phantom wallet and receive the money.

Receive tx: https://explorer.solana.com/tx/2eXuDc2zfuhJucbaA8CDWxPPCKye9SRXB1M3BGAnaS1CwBELZGy5e1SbJMuWfqH2DTivVXdKMosd72qRwsWNVJrw

Done! 🤑

🗡 Saber : Swap abBUSD ⇢ USDC

The leading cross-chain stablecoin and wrapped assets exchange on Solana.

You may noticed that I’ve got abBUSD from Allbridge, which I can swap abBUSD ⇢ USDC via Saber.

first connect to Phantom wallet

11 abBUSD ⇢ USDC 👇

Also got JEFFS… token 🤔 | tx: https://explorer.solana.com/tx/4BRPfBvxTiwmjLSFFsmyjNErxR7KzGFRqSR7J1ApQkow9M7af16QvrtPJ9beny9HBYK1rebP4AxD9iVzqfzpuxzn

Note:

• The first time will need SOL to approve swapping abBUSD ⇢ USDC.
• abUSDC can only swap to Stablecoin.

Let’s try it again. 490 abBUSD ⇢ USDC 👇

The second time will not use SOL to approve again | tx: https://explorer.solana.com/tx/4DnFQe5fQqQy4uGS3feMo2sQQDY87bf6rAfpF9hWQLDKDMskLiqKyd5MgzFNvACCaHnvBjX87pgMNZcfvKbUMPT4

🌈 Raydium : Swap, Farms, Staking

An AMM on Solana and leverages the central order book of the Serum DEX.

• Swap
• Farms : RAY-USDC LP
• Farms : RAY-SRM LP
• Farms : ATLAS-RAY LP (Dual yield)
• Staking : RAY

Swap

Swap 50 USDC ⇢ RAY 👇

Failed swap tx: https://solscan.io/tx/27qLDyNvNwEmq8Pcv3r1GZuWjpB5nJypDZx8D4K8ALFBbuiih5Epvu9Ubpn7AxaRyPjArmtuY4qSFNyKrrCdGXRi

Note that the estimated balance changes are calculated by simulation. In this case it can’t simulate, so it shows Transaction may fail to confirm. Wow they know! Yet I still Approve it 😆

Take another stab…

Success swap tx: https://solscan.io/tx/2vzxuZg5B7mbxAdcy3dWPqZrQcmu4GyHrBJ7QAfqKQi84BaixWofsRX7BKUM2ufMbinnGzCXLExYj5w5q5W7ESm8

Swap 10 USDC ⇢ ATLAS 👇

Swap tx: https://solscan.io/tx/52WGQ8SS4stSvHTMh77LwkhtJ68PqCLA6eMYDxQBadP8AwZioa9ztDE58zoJz8J3D3qoyfhLqkMqprEMKFmVvhZX

It shows Success before the confirmations were finalized! 🤩

Swap 10 USDC ⇢ SRM 👇

Swap tx: https://solscan.io/tx/VgFy2WrZpeGXyExn7nJ39E4RvDgGdNewiVGUvV1fEw4wvZi5UJHWJmCX68Sa8LkvdxHSAj34AJyrhsMUrTze97u

Farms : RAY-USDC LP

I chose this one as an example of stablecoin pair.

First, Add liquidity

Supply tx: https://solscan.io/tx/CvWZAuB8YJY3SHRWRAuJox4gz4aoWBfetjAUH7Q3PCLMQReDHud3aLrYwMyRBf61ntARvp1JUxw4fdDDHYahR5L

Stake RAY-USDC LP

Stake LP tx: https://solscan.io/tx/3RTnUiaMRbZNkBRHiBWsSqSKTJKgMhJ24nLhLFAXVoJZ7q1BrWViLTiv9Qzf3M8n2uYdWcUcukgA2YFGKogYDJ56

Done!

Farms : RAY-SRM LP

First, Add liquidity

Supply tx: https://solscan.io/tx/5i1MvoP3N8RAfHTHJB352vKUkg5QpJwfAtoJH1SBX4xxthhhT5TAMW68k4HN7gbXMdX8KBFwZ5peeVbykZzhF8n3

Stake RAY-SRM LP

Stake LP tx: https://solscan.io/tx/47mN5UfoECGmobVkTBcov8NxDFx5fxcg3JLB1z4iGqnEdhqJnTxNrQGeZaFRTgT7YUf6XZed194H1dS9R3DQ5kJM

Done!

Farms : ATLAS-RAY LP (Dual yield)

For the dual yield, notice that the reward are both RAY and ATLAS. Total APR are calculated from all rewards.

First, Add liquidity

Hmm, token name is 418MF… 🤔 | Supply tx: https://solscan.io/tx/GJimsXnuWqv1SGQ9MGcDkJ8CMomrQazEB6ur5uSV8YBx5CqsBFCj8iPPP9kXBx9Pmm6eyPvTvB8jini1jcnfiKJ

Stake ATLAS-RAY LP

Stake LP tx: https://solscan.io/tx/4E9KqJ9Nb6jmUbovStLsvDACAZeHiDy7FdRSuCpfKHhD8rj3nj1ekqZpVpA7y8FGXNsCt3NXsESnLMNU182U8eMX

Done!

Staking : RAY

There is only one option here (12 Oct 2021).

Stake tx: https://solscan.io/tx/9UVa7NcBfZ4f8W241SjbUFzaQP8aX8Ferp214xUHtaxGXDP4zQpsq3p9NApqujWo9m6FqCZKc7ShEpNDnYPK4k7

Done!

Summary

👛 Phantom Wallet : https://phantom.app
🌉 Allbridge : https://allbridge.io
🗡 Saber : https://app.saber.so
🌈 Raydium : https://raydium.io

Farms

Staking

Extra

• I love 2 features of Phantom wallet that let you swap tokens, stake tokens and earn rewards there. How convenience!
• Sometimes when I approve a transaction, It just silently failed and was not recorded as a transaction. 😣 Even when clicking Approve, It suddenly popup a succeed message with transaction ID. But when I clicked it to check, It says that tx not found…

Read more

https://github.com/mtreerungroj/awesome-solana