The Yield Layer on Solana: A Deep Dive into NX Finance
What is NX Finance?
NX Finance is on a mission to provide users with the most intuitive and seamless experience in the entire Solana ecosystem. Acting as Solana’s yield layer, NX Finance aims to serve as a central hub for the Solana DeFi landscape, helping users — whether beginners or seasoned degens — safely park their funds or engage in advanced farming and leverage strategies.
For New Users: NX Finance is an excellent starting point, offering a secure environment to learn about Solana while earning yields.
For Degens: NX Finance provides a variety of advanced farming and leverage strategies, giving you the flexibility needed to maximize returns.
NX Finance Products and Points System
NX Finance currently offers two main products, with more on the way. By using any of these products, you automatically earn points, making it easy to start accumulating rewards.
1. Leverage
How It Works:
- Deposit Collateral: Use The Vault Finance vSOL or JLP as collateral.
- Borrow Funds: Choose to borrow USDC, USDT, or SOL. The Borrow APR is displayed for transparency.
- Select Leverage: Opt for up to 3x leverage for vSOL and 5x for JLP.
- Auto-Buy JLP: NX Finance will automatically buy JLP with the borrowed funds.
Earning Points:
- Collateral: Earn 3 points per USDC per day.
- Borrowing: Earn 1 point per USDC per day.
What is JLP? JLP (Jupiter Perp DEX’s liquidity pool token) is a unique asset backed by:
- An index fund consisting of 44% SOL, 10% ETH, 11% WBTC, and 35% USDC/USDT.
- Trader’s profit and loss.
- 75% of the generated fees.
JLP’s value is further enhanced by an impressive APR ranging from 30–70%+, making it a solid choice for leveraging within NX Finance.
3-in-1 Opportunity with vSOL
From July 16, for four weeks, 1 million @thevaultfinance Points per week are being distributed to users who use vSOL as collateral on NX Finance. These vPoints will be distributed at the end of the campaign. Additionally, by using Switchboard as an Oracle, your deposits could earn Switchboard Orbs.
2. Lend
If leverage farming isn’t your style, NX Finance allows you to be a lender, providing liquidity to leverage farmers.
Current Earnings:
- USDC/USDT: Earn around 15% APR and 3 points per USDC per day.
- SOL: Earn around 2.5% APR and 3 points per USDC per day.
How to Maximize Your NX Finance Points
To maximize your points and returns on NX Finance, consider these additional strategies:
- Boost Your Earnings: Get a 10% boost by using the Backpack wallet or if you own a Mad Lads NFT.
- Zealy Quests: Complete tasks on Zealy to earn a 15% boost.
- Team Boost: Join a team using a referral link to earn extra points. Join my team here.
- Referral Program: Invite your friends to the team for even more rewards.
NX Finance Roadmap: What’s Next?
NX Finance is still in its early stages, making it a prime time to get involved. The team has an exciting roadmap ahead, including:
- More Collateral Assets: Expect the addition of jupSOL and other Liquid Staking Tokens (LSTs).
- New Integrations: NX Finance plans to integrate with more Solana projects, such as Solayer Labs.
- Expanded Leverage Farm Points: Additional opportunities to earn points through advanced farming strategies.
Conclusion
NX Finance offers a promising early airdrop opportunity on Solana, combined with innovative yield farming strategies. NX Finance has the tools to help you maximize your returns. With a solid points system, a variety of products, and a forward-looking roadmap, this is the perfect time to get involved and start earning rewards.
Happy Farming!
