5 Tokenless Projects on Solana That Will Launch a Token
5 Tokenless Projects on Solana That Will Launch a Token
After some good airdrops in the Solana Ecosystem in the not so long past (JUP, BONK, WEN etc.), the hunt for new one has started.
Let's dive in!
Number 1: Kamino Finance
Token: KMNO
Launch Date: TBD (probably Q2 2024)
Users: 300,000+
What is Kamino Finance?
Kamino Finance is a DeFi protocol where you can borrow/lend your assets, provide liquidity, build your own automated liquidity strategies or use concentrated liquidity positions as collateral.
This is one of my favorite lending protocols, season 1 ended the 31st March, Season 2 started recently. You can check their website here.
Number 2: GRASS
Token: ?
Launch DATE: ?
Users: 1,250,000+
This one is my favorite, it's free to use and effortless. They announced recently that should launch on Solana, all you have to do is download the extension and let it run on the background. You can check it here. After 100 hours you earn 5000 points. The points you earn will be converted in their native token.
What is GRASS?
Grass is a network for selling that bandwidth to corporations & institutions, with a suite of applications that do this in the background of your phone or computer. The end result is passive income for selling a resource you didn't even know you had.
Number 3: Unblocked
Token: LOL
Launch Date: TBD (probably Q2 2024)
Users: 250,000+
What is Unblocked?
They launched a Blockchain-based loyalty programs that engage communities through gamified experiences (like completing quests etc). They will launch a token very soon, to participate is quite easy, you can join here and start doing the quests, I'm not sure if you need a referral, if you need one mine is Y2sOJIQNPP.
Number 4: MARGINFI
Token: MRGN (?)
Launch Date: ?
Users: 350,000+
What is Marginfi?
Marginfi is a decentralized lending protocol, where you can lend/borrow, stake, swap and bridge tokens in the Solana ecosystem.
It's very similar to Kamino, where you can earn points for using the platform for a possible airdrop.
Not my favorite, but if you wanna check it out here.
Number 5: Adrastea Finance
Token: ?
Launch Date: ?
Users: ?
What is Adrastea Finance?
Adrastea Finance is a Solana Native Protocol that focuses on developing complex yield strategies and making them accessible for the general user. They aim to enhance yield for users exposed to index volatility and offer high APY for stablecoins. Their website didn't launch yet, the beta should be in 2 weeks, one of their product will be the first leveraged JLP x USDC yield strategy, however several others products are in the works to be rolled out throughout the rest of the year.
This is interesting cause is very under the radar, you can join the discord here.
What's my strategy?
I'm lending some SOL on Kamino and Marginfi, and so far my experience is better with Kamino, I'm waiting to see how Adrastea will be different.
Grass is so easy to farm, just waiting clarification on how and when they will launch their token.
Keep farming folks!
