NX Finance: Solana Decentralized Finance Ecosystem Yield New Engine

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Yield Layer in the Solana DeFi Ecosystem: NX Finance

Against the backdrop of the flourishing Solana ecosystem, NX Finance has emerged as an innovative Decentralized Finance project. It aims to become the yield layer of the Solana DeFi ecosystem, providing users with diversified investment strategies through the yield leverage of interest-bearing assets and the yield split of airdrop points.

The Rise of Solana Decentralized Finance Ecosystem

Recently, the TVL on the Solana chain has grown from $300 million in Q3 2023 to $4 billion in July 2024, demonstrating strong development momentum. This growth is mainly driven by a massive influx of funds brought by the memecoin craze, which in turn has fueled the demand for stable DeFi yields.

Currently, DeFi yields on the Solana chain mainly come from two types of assets: LST (Liquid Staking Token) assets and on-chain perpetual contract trading pool assets. With the popularity of DeFi scenarios in the Solana ecosystem, more and more projects are adopting points-based airdrops to incentivize user participation.

NX Finance: Beyond the Simple Holding Interest Asset Model, the Yield Layer of the Solana Decentralized Finance Ecosystem

Introduction to NX Finance

NX Finance is positioned as the yield layer of the Solana Decentralized Finance ecosystem, mainly providing two strategies:

  1. Fulcrum Strategy: Maximize user returns by leveraging yield-bearing assets.
  2. Gold Mining Strategy: Split the earnings from airdrop points to achieve risk redistribution.

Fulcrum Strategy

The Fulcrum strategy allows users to achieve higher returns by leveraging interest-bearing assets. Taking the JLP (Jupiter Liquidity Provider) asset pool as an example, users can collateralize JLP, borrow USDC to purchase more JLP, thereby achieving leveraged returns. In the future, NX Finance plans to incorporate more interest-bearing assets, such as FlashTrade's FLP and potentially GMSOL assets.

NX Finance: Beyond Simple Holding of Interest-Bearing Assets, the Yield Layer of the Solana Decentralized Finance Ecosystem

Gold Mining strategy

The Gold Mining strategy is designed to split the implicit returns of airdrop points. Users can choose to lend assets to obtain stable interest based on their own risk preferences, or borrow assets to increase the number of points to acquire more potential airdrop returns. Currently, the points yield splitting pools for SolLayer, The Vault, and Sanctum are about to launch.

NX Finance: Beyond Simple Holding of Yield-Generating Assets, the Yield Layer of the Solana Decentralized Finance Ecosystem

The Impact of NX Finance on the Solana Decentralized Finance Ecosystem

  1. Seamless integration of income-generating assets: NX Finance allows users to adjust leverage ratios to achieve risk redistribution, catering to different risk preferences.

  2. Risk redistribution of points airdrop: Through innovative airdrop strategies, NX Finance provides users with the opportunity to redistribute the risk of expected airdrop returns over time.

Future Development

NX Finance plans to expand its lending pool in the third quarter to support more assets. At the same time, its airdrop season started on July 1 and will subsequently conduct an IDO at the end of the third quarter.

Airdrop Season 1: Points Adventure Event

The airdrop event of NX Finance includes three main parts: total locked amount points, referral system, and team gains. Users can earn points accelerators (Xcelerator) by participating in various tasks, thereby increasing their daily point earnings.

NX Finance: Beyond Simple Holding of Interest-Bearing Assets Model, Yield Layer of Solana Decentralized Finance Ecosystem

Conclusion

With the rapid development of the Solana Decentralized Finance ecosystem, NX Finance is committed to becoming a key component within it. By providing diversified yield strategies and risk management solutions, NX Finance is expected to play an important role in the wave of DeFi on Solana, promoting further maturity and development of the ecosystem.

SOL-4.52%
DEFI-2.99%
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OfflineValidatorvip
· 13h ago
I feel that Sol can reach 2k this time.
View OriginalReply0
ZkSnarkervip
· 13h ago
well technically just another yield farm... but might be interesting if they figure out those weird sol liquidity gaps tbh
Reply0
defi_detectivevip
· 13h ago
It seems to be another trap of playing with yield leverage.
View OriginalReply0
DefiPlaybookvip
· 13h ago
Be Played for Suckers again
View OriginalReply0
GasFeeCryvip
· 13h ago
Wow, this yield leverage is too extreme.
View OriginalReply0
ReverseTradingGuruvip
· 13h ago
I will make my move first to respect this big pump.
View OriginalReply0
SigmaBrainvip
· 13h ago
Out of the question! This profit is Be Played for Suckers again.
View OriginalReply0
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