Solana
Last updated
Last updated
For our curriculum, we will explore yield farming on Solana, detailing how it works, the key players, differences between platforms, techniques for maximizing profits, and risk management strategies. We will also focus on Orca, a leading example of a yield farming platform on Solana, to better illustrate these concepts.
Overview and Process Yield farming on Solana involves providing liquidity to DEXs in the form of SOL, Meme Coins, or Stablecoins. Users contribute to liquidity pools and, in return, receive rewards in the form of tokens or fees from the platform. The process typically involves connecting a Solana wallet, selecting a suitable farm, and depositing funds into the chosen pool.
Raydium is one of the largest and earliest protocols for providing Liquidity on Solana, featuring a user-friendly interface and a wide range of farming options.
Orca, a popular yield farming platform on Solana, is known for its intuitive user interface and innovative features. It offers a range of farming options and advanced analytics tools that help users make informed decisions.
Saber is a specialized stablecoin and wrapped asset exchange on Solana that enables users to provide liquidity and earn yields. It focuses on cross-chain liquidity and offers various pools for yield farming.
Tulip Protocol is the first yield aggregation platform built on the Solana blockchain [2]. It offers auto-compounding vault strategies, which are designed to take advantage of Solana's low transaction costs and high efficiency. The decentralized application (dApp) provides three major yield products, namely Vault, Lending, and Leveraged farming. Tulip's Vault strategies consistently compound over time due to Solana's low transaction costs and high speed].
