Solana Alpha Roundup: December 27th
Solana may be known for its memecoins, but it’s much more than that: there’s staking and yield in there, too! Here's our weekly DeFi roundup of what’s new on Solana protocols lately.
Note that this article is for informational purposes only and should not be considered financial advice. Always DYOR (Do your own research!)
Check it out:
Solayer Labs and Jupiter Exchange Partners Up to Solve a Liquidity Problem
Solayer Labs has partnered with Jupiter Exchange to introduce the Solayer Super Liquidity Pool:
This solution worked on by the two protocols allows instant swapping between any AVS token and sSOL with zero slippage, working towards fixing the problem of fragmented token liquidity on Solana.
Solayer is now tracked on Octav.
Metaplex x Wasabi: Swap and Stake Culture
As a provider of development tools, Metaplex has worked alongside Wasabi Protocol to improve the latter’s platform. Users can now swap, leverage, and stake memecoins and NFTs through it thanks to Metaplex!
Metaplex is now tracked on Octav.
SpiderSwap Introduces Staking
SpiderSwap’s staking is live:
Choose your staking multiplier based on your lockup period. The longer the lockup, the better the multiplier, but users who’d rather have full control of their assets can stake them without any bonuses. It’s up to you!
Plus, all users earn a portion of the swap fees by staking for extra rewards.
领英推荐
SpiderSwap is now tracked on Octav.
Loopscale’s USDS Upgrade
The borrowing and lending Solana protocol Loopscale has recently made two major updates to its platform:
They’ve bought a USDS treasury to promote sustainable growth of the Sky ecosystem, and offer USDS services on its app. As a result, users can now borrow $USDS against $JLP at fixed rates, with up to 5x leverage.
Loopscale is now tracked on Octav.
Elemental’s Safe Approach, Drift-Approved
Elemental's vaults are now supported by Drift Protocol:
This provides users with a safer approach to earning yields by introducing risk control. Users of Elemental can get steady returns on USDC and SOL, making it ideal for DeFi folks who prefer a more conservative and risk-averse strategy.
Elemental is now tracked on Octav.
Why Octav?
With accurate labeling and analysis of your DeFi portfolio, Octav is a helpful tool for CFOs, asset managers, and accountants working in various organizations such as hedge funds, family offices or financial institutions. Thanks to our thorough and accurate database, Octav makes DeFi more accessible, serving as an essential guide for understanding cost basis, profits, losses, and more.
Sign up for Octav Pro today and gain significant advantages for the day-to-day management of your crypto activities: unify all wallets you work with under one bundle to save time and let automated reports send you updates on your organization’s finances without having to analyze it yourself. Monitor your holdings on our Treasury page, and be transparent by sharing it publicly with your DAO members or the rest of your team. Whether you’re the CFO of a business, an accounting professional or a DAO treasury leader, use Octav to make DeFi management a breeze!
Are you a DAO in need of advanced treasury analytics? Octav offers demos upon request. Follow our socials for more!