Hey there, crypto enthusiasts! If you’ve been keeping an eye on the Solana ecosystem, you’ve probably heard about the buzz around Fragmetric—a native liquid restaking protocol that’s turning heads. A recent thread by jussy_world on X breaks down an exciting strategy to turn your SOL into a whopping $35,000+ airdrop bag. Let’s dive into this step-by-step guide and see how you can jump on this opportunity!
What’s Fragmetric All About?
First things first—Fragmetric is a DeFi (Decentralized Finance) protocol built on Solana that lets you restake your already-staked assets, like liquid staking tokens (LSTs). Think of it as putting your money to work twice! With a total value locked (TVL) of $278.6 million and growing, plus a hefty $13 million raise and a Solana Foundation grant, it’s clear this project has some serious backing. The best part? You don’t have to lock up your funds, keeping it flexible and DeFi-friendly.
Step 1: Get Started with fragSOL
The journey begins with fragSOL, where you can earn up to 18% APY (Annual Percentage Yield) on your SOL. Here’s how to do it:
- Head over to https://app.fragmetric.xyz/referral?ref=5CCZLR.
- Pick fragSOL, choose your token (SOL, bbSOL, jitoSOL, or bnSOL), enter the amount, and restake it.
- Just by holding fragSOL, you’ll earn F Points (86.4 points per fragSOL per day) and even Switchboardxyz Oracle rewards. Unstaking takes 1 day with a small 0.2% fee.
Pretty cool, right? This is your foundation for building that airdrop bag.
Step 2: Boost Your Rewards with RateX
Want to take it up a notch? Use RateX to multiply your fragSOL rewards:
- Go to the Points tab and select fragSOL.
- Opt for the LP (Liquidity Provider) strategy to earn 18.44% APY while keeping most of your F Points.
- You’ll also snag 4x Fragmetric F Points, 4x RateX points, and SWTCH rewards.
This step leverages RateX’s innovative leveraged yield trading, letting you amplify your earnings without too much extra effort.
Step 3: Go Big with Yield Tokens (YT)
For the real whale move, buy Yield Tokens (YT) on RateX to boost your points up to 100x:
- Visit https://app.rate-x.io/trade/fragSOL-2508.
- Enter the amount of fragSOL you want to spend, check how many YT-fragSOL-2508 you’ll get, and hit “Leverage.”
- Your F Points will stack up automatically. You can sell these tokens anytime (before they lose value at maturity) and keep all the points.
This is where the strategy gets spicy, but remember—it’s a bit risky since the token value drops over time.
Step 4: Mint or Buy a Fragmetric NFT
To top it off, grab a Fragmetric NFT:
- Supply is 10k, with a mint price of 1 SOL this month.
- These NFTs hold 0.75% of the total token supply, and whitelist (WL) spots went to active users of RateX, LoopscaleLabs, Switchboardxyz, ExponentFinance, and PingNetwork.
- Check out this thread for more details.
Jussy points out that Solana NFTs like Pythenians (from $200 to $1.8k), GigaBuds ($200 to $500), and Play Solana ($200 to $1k) have seen huge gains, making this a no-brainer if you believe in the trend.
Is $35k Really Possible?
Yes, but it’s not a small commitment. You’d need to restake at least $10k worth of SOL, spend some fragSOL on the YT strategy to max out those points, and grab an NFT. Add in potential RateX and Switchboard airdrops, and your bag could balloon. Jussy also mentions alternative strategies with zBTC or LoopScale for smaller multipliers—check out this thread for more.
Things to Keep in Mind
This strategy is exciting, but it’s not without risks. The $10k entry point is steep, and leveraged tokens like YT can be volatile. Always do your own research (DYOR) and only invest what you can afford to lose. The DeFi space moves fast, so keep an eye on updates from jussy_world and the Fragmetric community.
Final Thoughts
This guide from jussy_world is a goldmine for anyone looking to dive into Solana’s restaking scene. With the right moves, you could turn your SOL into a $35k+ airdrop bag. Follow jussy_world for more tips, and don’t forget to like or retweet the original thread to spread the word! Ready to get started? Let’s make those points rain!