What is RateX?
RateX is a pioneering leveraged yield exchange built on Solana that enables users to trade synthetic Yield Tokens of various yield-bearing assets. After winning first place in the Solana Renaissance Hackathon, RateX has established itself as an innovative DeFi protocol. The platform has undergone a security audit by Offside Labs, demonstrating its commitment to user safety and protocol stability.The exchange specializes in creating markets for yield-bearing assets, allowing users to leverage their yield exposure or provide liquidity. Currently, RateX supports four major yield-bearing assets: bbSOL, Ethena‘s staked USDe, USDe, and Sonic‘s sonicsSOL.
RateX Airdrop Details
While RateX hasn’t officially confirmed a token airdrop, they’ve implemented a points system that could potentially lead to future rewards. Users can earn points through active participation in the protocol, with different activities offering varying point allocations. Notably, liquidity providers receive a 3x points multiplier, indicating the protocol’s emphasis on sustainable liquidity.Step-by-Step Guide:
How to Participate in the RateX Points Program
- Connect Your Wallet
- Visit the RateX platform
- Connect your Solana wallet (Phantom recommended)
- Navigate to the points section
- Choose Your Strategy
- Review the active markets for yield-bearing assets
- Select from bbSOL, USDe, staked USDe, or sonicsSOL markets
- Evaluate the three available strategies based on your experience level
- Execute Your Chosen Strategy
- Strategy A: Buy yield tokens for increased yield exposure
- Strategy B: Provide liquidity for 3x points boost and fee earnings
- Strategy C: Buy principal tokens for fixed APY (note: no points earned)
RateX x Fragmetric Integration – Earn points
- Exclusive 4x F Points Bonus – Trade or earn with fragSOL & fragJTO and unlock extra rewards.
- Accelerated Campaign – Get a 5x RateX Point Booster and a chance to win from a 5,000 JTO incentive pool.
- Trade YT-fragSOL & YT-fragJTO – Gain 40x exposure to these assets while earning RateX and F points.
- Fixed Yield Option – Lock in guaranteed APY by swapping to PT-fragSOL & PT-fragJTO.
- Liquidity Rewards – Provide liquidity to the fragSOL & fragJTO pool on RateX and earn:
- APYs
- Swap fees
- F Points & RateX point boosts
Maximizing Your Points
- Focus on liquidity provision for the 3x points multiplier
- Diversify across multiple supported assets
- Monitor and maintain active positions
- Consider exposure to multiple potential airdrops through USDe (Ethena) and sonicsSOL (Sonic and Solayer)
FAQs
Which strategy earns the most points?Providing liquidity offers the highest point earnings with a 3x multiplier, though it requires more expertise and capital management.
Can I earn points with principal tokens?
No, buying principal tokens does not earn RateX points as you forfeit them for fixed yield returns.
How do I track my earned points?
Visit the points section in the RateX interface to monitor your current points balance and earning activities.
Conclusion
RateX offers multiple strategies for earning points, with liquidity provision being the most rewarding but also the most complex. While the airdrop remains unconfirmed, participating in the points program positions users for potential future token distributions while earning yields on their assets.Remember to only engage with strategies matching your experience level, particularly regarding liquidity provision, which should be attempted only by users with practical DeFi experience.
You're interested in more projects that do not have any token yet and could potentially airdrop a governance token to early users in the future? Then check out our list of potential retroactive airdrops to not miss out on the next DeFi airdrop!
- Airdrop Link: PROVIDE LIQUIDITY FOR 3X POINTS BOOST
- Total value: n/a
Airdrop unconfirmed
- Platform: solana
