Prominent DeFi Projects on Solana
The DeFi ecosystem of Solana is incredibly vibrant with many leading projects. Here are a few noteworthy names that Lộc should know:
Jito (JTO): This is a groundbreaking liquidity staking platform that allows users to earn profits from staking SOL and receive JitoSOL, a token that can be used in other DeFi activities. Jito combines profits from traditional staking with benefits from Maximum Extractable Value (MEV) optimization, providing higher performance.
Marinade Finance (MNDE): is one of the oldest and most reputable liquidity staking protocols on Solana. It allows users to stake SOL and receive mSOL, a highly liquid asset, while also contributing to the distribution of stakes across the network to enhance security.
Orca (ORCA): As a leading decentralized exchange (DEX) on Solana, Orca stands out with its user-friendly interface and Whirlpools technology that optimizes capital efficiency for liquidity providers. Orca offers a seamless and cost-effective trading experience.
Raydium (RAY): is a powerful AMM (Automated Market Maker) and liquidity provider, deeply integrated with the Solana ecosystem. It serves as a central liquidity hub, supporting both retail and institutional trading with concentrated liquidity pools and attractive yield farming opportunities.
Jupiter (JUP): Initially a DEX aggregator, Jupiter has expanded to become a comprehensive DeFi platform, offering swap trading, perpetual contracts, and portfolio management tools. With advanced routing algorithms.
