Marginifi - The next Solana airdrop not to be missed
What is Marginifi
Marginfi is a decentralised lending protocol built on the Solana blockchain. It is designed to prioritise risk management, ensuring a safe and reliable environment for users seeking leverage and capital efficiency.
The protocol, being fully permissionless, operates on a set of smart contracts, offering real-time risk management and automatic liquidations.
Marginfi has introduced a unique points system that incentivises user engagement within its ecosystem. This system is designed to credit users for their active participation in various activities on the Marginfi platform. Here's a detailed look at how this points system works and the potential implications of an airdrop:
Marginfi's Points System and guide
1. Earning Points Through Interaction
Marginfi users accumulate points through various interactions with the protocol and its products. This includes basic protocol actions and a new mechanism that has been recently introduced.
2. Key Rules for Points Accumulation
- Equality of Points: Every point earned within the Marginfi ecosystem is treated equally.
- Influence of Monetary Value and Duration: The more money involved in an action (like lending or borrowing), the more points are earned. Similarly, longer durations of engagement also yield more points.
3. Specific Ways to Earn Points
- Lending Points: Users earn points for all deposits on Marginfi. This point tracking started with the launch of Marginfi v2. The system rewards one point per dollar per day for deposited funds.
- Borrowing Points: Borrowers earn four points per dollar borrowed per day. In addition to borrowing points, they also receive lending points for the collateral of their loans.
4. Step by step
- Access Marginfi & connect your wallet
- Navigate to the Lending Section
Once on the Marginfi website, locate and navigate to the 'Lend' section. This is where
you'll be able to supply your tokens for lending.
- Supply The cryptocurrency of your choice for Lending
In the lending section, choose the token of choice to lend.
Enter the amount you want to supply and Make sure it's an amount you're
comfortable with, considering it will earn you points the longer it stays in the system?
- Confirm Supply Action
After you've entered the amount, click on the 'Supply' button to lend.
Complete any confirmation steps required by your Wallet to finalize the transaction.
- Track Your Earned Points
Your points accrue based on the amount of money lent and the duration it stays lent out.
- Stay Informed and Engaged
Keep an eye on any updates from Marginfi regarding the points system or additional
ways to earn points, such as through borrowing or further referrals.
Conclusion
Marginfi’s innovative points system not only incentivizes user engagement but also potentially sets up a dynamic platform for rewarding its most active and loyal users through mechanisms like airdrops. This approach could significantly enhance user interaction and investment in the Marginfi ecosystem, fostering a more vibrant and engaged community.
My Referal link for 10% more points:
https://www.mfi.gg/refer/609a3c44-4ad8-4224-bd16-58d419734acf
Marginifi App Link:
https://app.marginfi.com/
