MarginFI
Make sure you have enough SOL or JitoSOL to lend on Marginfi
Visit MarginFi and link your Solana wallet;
Choose JitoSOL, input the desired amount;
Press Supply to initiate the lending process;
If your JitoSOL balance is maxed out, consider lending SOL for improved results.
Select Borrow and Proceed to USDC;
Enter small amount of USDC, donβt go for max;
Click Borrow and confirm in the blockchain.
Take a note: you can always check your points on the Point Dashboard!
What is MarginFI?
MarginFi, an innovative decentralized lending protocol built on the Solana blockchain, is leading the charge in creating new financial opportunities by giving top priority to effective risk management. In this article, we will delve into the process of participating in the MarginFi Airdrop, which could potentially allow you to claim a share of the upcoming token launch. What sets MarginFi apart in the decentralized finance (DeFi) realm is its foundation on Solana, with a key focus on risk management to provide a secure and dependable solution. The platform's main objective is to empower users by granting them leverage access while optimizing capital efficiency. This is made possible through a set of smart contracts deployed on the blockchain, coupled with real-time risk management and automated liquidation processes.
What about Airdrop?
The buzz centers around the possible introduction of MarginFi's own cryptocurrency down the line. Those who engage in early lending and borrowing actions, bring in new users, and accumulate points on the platform have the opportunity to be part of a highly anticipated airdrop, should the protocol opt to unveil its token.
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