Marginfi is a lending system on Solana that keeps risks in check to make sure it’s safe for users who want to borrow money or make the most of their funds. It works using smart contracts on a blockchain, with real-time risk management and automatic actions if needed.
They don’t have their own special token right now, but they might make one later. They made a point system where users can earn points by using the system. If they make their token, early users who lent or borrowed, referred others, and earned points might get free tokens in an airdrop.
Over the past few weeks, Solana has been the center of interest following the distribution of several airdrops. For example, Jito users received several thousand dollars last week. So much so that many Internet users go so far as to say that the “airdrop season” has launched on Solana.
How To Participate in Marginfi Airdrop
Here’s how you can use it:
- Get a Solana Wallet. For instance you can use phantom wallet
- Go to the Marginfi website at app.marginfi.com.
- Connect your Solana wallet.
- You need some SOL or other tokens on Solana. You can get SOL on Binance. If you don’t have any crypto, you can put money into Binance and buy ETH.
- Click on “lend” to lend or borrow tokens.
- You can also use the “stake,” “swap,” and “bridge” features.
- They have a point system where users get points for using the platform. Read more in their Medium article.
- Get more points by referring others. You get a referral link after using the platform for an hour.
- Early users who lend or borrow, refer others, and earn points might get free tokens if they make their own token. But remember, there’s no sure thing about them doing an airdrop or making their token. It’s just an idea.