Marginfi Airdrop Strategy: Lend, Borrow, and Earn Points on Solana

Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.

The biggest Solana DeFi airdrops are upon us! Recently, Jito announced Solana's largest retroactive airdrop this year for those who earned Jito Points including a link here to check one’s eligibility and whether they earned enough points.

With a supply of 1B JTO tokens and a 100M JTO, airdrop, it’s predicted that we could see JTO’s fully diluted valuation shoot over $1B and create a notable wealth effect for SOL holders, new JTO holders, and Solana DeFi users.

This looks like the fuel to ignite more interest in future Solana DeFi airdrops, including the 2nd most liquid lending and borrowing app, marginfi. Marginfi provides traders a global margin account for trading across all protocols on Solana.

It is one dapp for traders to take on margin and maximize the capital they put to work.

Marginfi empowers traders with products to:

• Borrow and lend margin under one global platform
• Structure complex exposure and participate in more markets
• Earn one of the highest “natural yields” staking SOL, powered by Jito’s MEV-boosted client

First announced in October 2021, MarginFi only recently launched on Solana in early 2023. It experienced monster growth in its liquidity starting in July 2023 going from just $3M TVL to over $150M TVL as of this writing.

Since July 2023, marginfi has been running a “points” program similar