If you've been farming points in the Solana ecosystem, you know the drill: lend, borrow, refer, and rack up those rewards in hopes of a juicy airdrop. But for users of MarginFi—now rebranded to Project 0—the wait is testing everyone's patience. A recent tweet from @sol_nxxn highlights the frustration, pointing out that it's been almost 900 days since the points system launched back in July 2023.
The tweet reads: "It’s been almost 900 days since MarginFi launched their points system. This year they even rebranded to Project 0, and the new docs mentioned a TGE and airdrop coming “this year”. But honestly, it’s starting to feel like this one might never happen."
Ouch. That's the kind of sentiment that's rippling through the DeFi community right now. For the uninitiated, MarginFi is a decentralized lending protocol on Solana, allowing users to borrow and lend assets while earning points for their activity. These points were introduced as a way to incentivize participation, often a precursor to a token airdrop where loyal users get free tokens.
Fast forward to September 2025, and MarginFi announced their rebrand to Project 0, positioning it as the first DeFi-native prime broker. The big promise? A Token Generation Event (TGE) sometime in 2025, with the first airdrop distribution happening at Solana Breakpoint in December. They even detailed the token allocation: 20% straight to the community with no vesting, plus more for user incentives. Points from the old MarginFi system transfer over 1:1, but you need an active deposit in the new dApp to activate them.
Replies to the tweet echo the exhaustion. One user quipped about "endless farming," while another hinted at bad news after such a long wait. It's a classic crypto tale—hype builds, timelines stretch, and farmers start wondering if they're just tilling barren soil.
But is the doubt justified? According to recent updates, Project 0 has been rolling out features steadily. Markets like Kamino and Drift went live in October and early November 2025, and governance discussions kicked off on October 15. The team emphasizes no "low float/high FDV" shenanigans, meaning they're aiming for a fair launch without favoring insiders too heavily.
Still, with Solana Breakpoint set for December 11-13, 2025, in Abu Dhabi, the clock is ticking. If the TGE doesn't materialize by year's end, that "this year" promise could turn into a meme of its own. For meme token enthusiasts, this saga underscores the risks in points farming: great potential rewards, but endless uncertainty.
If you're still in the game, check your points on the Project 0 dApp and keep an eye on Solana Breakpoint announcements. Who knows—maybe the airdrop will drop just in time to make 2025 end on a high note. In the world of crypto, patience isn't just a virtue; it's a strategy.