How to Qualify for MarginFi Airdrop on Solana

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Disclaimer: This is not financial advice, I am just a guy with a laptop sharing his opinions and experience. This is for entertainment purposes only. Always Do your own research before investing.

[@davidczajkowski5956]

Even when lend pools say 100% they’re not always completely filled…try adding .1 Solana at a time and then move up amounts until you get denied. Space is opening all the time in pools but the 💯 doesn’t seem to go away until about a 1k or more is open.

[@defichronicles]

Exactly. The first time I added liquidity it was at 100% and still went through. Plus if the transaction fails, Solana is so cheap that it doesn’t even matter. 🤣🤣

[@MoonMe00]

Awesome video man! Very informative and very thorough. Thank you. Jito and MarginFi for the win! Love both projects so much and hold Jito until next year. 🥳

[@defichronicles]

Thank you 🙏 Did u receive the JITO airdrop?

[@MoonMe00]

You on IG bro?!

[@defichronicles]

No, Twitter n KZbin

[@0nemoa]

You have explained this all so much better then that British guy. Thank you so much for bringing such amazing value.

[@defichronicles]

You made my day buddy, much love

[@veranthros]

great tutorial. Question? I notice most protocols who will be dropping have a leadership board? Does this mean only a certain number of top leaders will receive the drop? If so, What's the point in farming and being outside of the top 10k? won't whales win this every time? do small farmers stand a chance at getting an airdrop if there is a leadership board? just trying to wrap my head around what the scoreboards are actually determining?

[@defichronicles]

Just showing your activity, most of them will receive an airdrop but obviously the higher you rank the leaderboard the bigger will be you airdrop Even if you are outside of top 10k, you should get an airdrop

[@veranthros]

@@defichronicles Right on. I was hoping that was the case. Leadership boards I get bring more money to the protocol (folks wanting to compete and be on top), but it sure in the hell is a bit confusing as well. There should be a bold footnote on sites stating something to the extent of "YOU DO NOT HAVE TO PLACE ON BOARD TO RECEIVE A POSSIBLE AIRROP". I'm sure many folks drop out of farming because of this.

[@msimmons1906]

Hi! Great info. Whats the minimum amount per wallet we're looking to achieve or is all about the points?

[@defichronicles]

All about points. Points are correlated to the amount of money and time you are lending/borrowing

[@msimmons1906]

Ty for the fast response. I also have a question about wallets and creating multiple ones. Can you just add a new wallet on your phantom or do you need to create a brand new one with the new seed phrase?

[@TotmnATH]

Great job buddy, the process was very well explained, I just have one question if you dont mind answer it. Imagine that I start playing around marginfi with 1 SOL, lets say that I swap my SOL for bSOL and I lend the bSOL , after that I borrow some mSOL against my bSOL. Now that I have my SOL in the platform in order to gain points should I leave that SOL there lended and my points will increase or do I have to keep playing in marginfi a few times a week with that SOL, an example would be repay the mSOL borrowed and then get back the bSOL that I lend and do the same process of lending and borrowing with diferent tokens.

[@defichronicles]

Your points are calculated based on the time you are lending/farming therefore, you don’t need to use the platform again Every few hours your points should increase

[@TotmnATH]

@@defichronicles Ok I see, many thanks buddy

[@MoMoDaTurtle]

Hi, Im lending out some usdc with the the apy 24-50% but I don’t see any interest? When does it show up? I’m not sure how they pay out the interest. Thank you

[@defichronicles]

the interest should show before u borrow

[@eduardobrownb.7065]

This was very educational, thank you! I'm in..!

[@defichronicles]

🙏🙏

[@progressivebusiness4537]

On Marginfi, how to you keep control of your tokens once they’re on the platform? Do you have your own login or do you just connect your phantom wallet? Thabks

[@defichronicles]

Connect your wallet

[@cryptobotboi4459]

How long has marginfi points system been out? Still worth putting in or just go with Kamino or Parcl?

[@defichronicles]

I am still farming all of them

[@cryptobotboi4459]

@@defichronicles me too but I started a few weeks ago. Been prioritizing marginfi because of trying to catch up, but wondering if I should just go harder on Kamino. I’m sitting good on parcl but just tried to get into drift today and they’re maxxed out on new accounts that can be created.

[@gporgyb637]

Great video again! I did borrow some bsol but the liquidation price is $700. Why so much? And why $700? I only borrow $5 of bsol.

[@defichronicles]

No idea. Would need more info. $700 doesn’t mean its a bad thing. Just check your health percentage

[@vanbercrasto1868]

Hey, I have lent some sol on the platform but the “your account” balance is not being shown.

[@defichronicles]

Website is busy. Scroll down completely and let me know if you don’t see it. When I say completely I mean to the bottom of the page

[@masoodahmed5792]

Bro if we lend sol and borrow stable coin like usdt then it will be better because sol price is increasing and in borrow we must buy stable coin so that our borrow amount not increased much

[@defichronicles]

You can do so, yes

[@Jleitao1000]

Nice vídeo. Thanks a lot

[@xwrld7701]

Guys am new to this so are you saying the points are given per day Example let’s say after lending and borrowing I would be getting 10 points per day, if I leave that for a week that’s 70 points a week right ?

[@defichronicles]

Its points per dollar. 1 point per dollar on lending and 4 per dollar on borrowing Yes, per day

[@Vellpar]

If i just lend usdt will i still get points?

[@defichronicles]

Yup

[@williamsofeimu4686]

Do i necessarily have to have one sol, please? I just got like $30 I could start with for now.

[@defichronicles]

Do whatever you can with whatever you have. The longer you add LP, the better. So later on if you can you are able to add more

[@williamsofeimu4686]

@@defichronicles awesome. Thanks!

[@CoolRich20]

I have been trying to lend but it seems the marginfi is extremely busy. What do you think is the problem ?

[@defichronicles]

Pools are full, people are trying to farm it nonstop

[@jamesmcs7414]

hi thanks for the turorial... i managed to lend out 1.5Sol, however on my portfolio page there's no record (supplied shows $0), and i can't seem to borrow USDC against my lent Sol too. Could you help advise pls? Thanks!

[@defichronicles]

Scroll down the page completely and let me know what u see

[@filipcunderlik1117]

I staked SOL but can't see an option to unstake or how mucha I staked. It's been a few days, I do however see the transaction in Solscan.

[@defichronicles]

Scroll down the page

[@Cryptofannft]

You can unstake

[@omarx2834]

guys i need help i want to farm airdrops on my phantom wallet but i dont have any solana on there. how do i get eth from metamask to sol phantom?

[@defichronicles]

Using deBridge or OmniBTC But OmniBTC requieres to have your funds first on the BSC chain, you can use OmniBTC to bridge eth from wherever you have it to BNB on SOL

[@johnreid3844]

Hello there. The current amount of total points is 28.7 billion. I'm not sure playing around with a few hundred $ will get enough of the available points to qualify for anywhere near a big airdrop. Anyone have any thoughts on this?

[@defichronicles]

Maybe. Maybe not. We never know. If you have something better to farm, go for it, but I still think it might be worth it since you can lend and then borrow to move your funds into something else

[@T2KallDay84]

You should borrow something with a cheaper apy then solana. M b and jito sol are way cheaper to borrow

[@defichronicles]

You can. I’m ok with paying 6% APY. That’s per year, and if you calculate that over $100 for a 3-6 months, that’s $3 max 🤣

[@emphatic_stezz]

If i accumulate up to 1000 points will i get more than 100$ in airdrop

[@defichronicles]

No idea. We speculate and wait

[@DEEPMAN814]

bro i cant find my lending

[@defichronicles]

Scroll down the page completely

[@parkersgarage4216]

do i need to have 1 sol in my wallet or do i need to have usdc on sol in my phantom wallet? ive only been in crypto for 2 weeks so i dont know the jist of this just yet lol. i do have a phantom wallet etc. just dont know what i need in order to do the minting etc. you said you had funds but never mentioned what exactly you had. any help is appreciated and thanks in advance.

[@defichronicles]

Once you go to lending it says the tokens you can lend. If you have Sol, lend SOL. If you have USDC lend it. Then go to borrow, and borrow any token of your liking

[@parkersgarage4216]

@@defichronicles will it work if you simply borrow usdc or usdt as well? i got it figured out now and appreciate the help btw. if you borrow say usdc do you still earn points or only if you borrow tokens?

[@williamsofeimu4686]

​@@defichroniclesPlease, what's the minimum amount to participate in this? Can I work with less than $50?

[@kan1317]

is it necessary to mint,, sol Lst? i directly bought sol and lend it,,,,is that ok,,,? or i wait for sol LST? ITS SO COMPLICATED,,, ,

[@defichronicles]

It should be if it’s your first time, if it wasn’t everybody would be receiving airdrops here and there No, not necessary. I like to use as much features as possible in case it’s a requirement for the airdrop

[@citizennjoku2089]

I opened isolated pool, I realized I can’t borrow another. I’ve been trying to repay all but it won’t repay all, so I don’t have the chance to borrow another

[@defichronicles]

What’s the error you are getting? Join the Discord and send me screenshot to check it out if u want

[@citizennjoku2089]

The store message is “Account can have only one liablity when account is under isolated risk” So whenever I try to repay, it doesn’t pay off totally. Like when I borrowed 0.23, the max I can repay is 0.225, So there’s is still an outstanding of 0.025 that won’t pay off

[@matteobarresi9614]

Hello can you help me? I followed your instructions but after staking sol for minting LST i noticed that land LST was 100% capacity. So swappedin solana and lended solana. Is that okay? Did I unstaked well the LST ?

[@defichronicles]

Sure. Staking LST is non mandatory, I just do it to be different 🤣 and hopefully receive a larger airdrop

[@matteobarresi9614]

@@defichronicles ok thanks a lot ! it wouldbe okay if i stake a part of my solana so i get LST and then land solana and borrow LST?

[@defichronicles]

Yes

[@incawarrior9239]

why mint lst

[@defichronicles]

Not mandatory, just to increase your usage of the platform

[@mosioTrades]

bro could you plz tell me why my lend and borrow page is empty on marginfi??

[@defichronicles]

What do u mean by empty? The pools are full or you are just not seeing the info?

[@mosioTrades]

when i open their website i literally can see nothing on lend/borrow section but i could swap some token or buy some lst@@defichronicles

[@mosioTrades]

also i cant get a referal or see other people rankings @@defichronicles

[@defichronicles]

The issue might be on your end. Try using another browser, you don’t need to connect, just to see if it works on your phone or another browser Might be the internet connection. For your referral link, you will have to provide liquidity first, earn some points and then you will be granted a link

[@mosioTrades]

it seems to be my internet if its currently working fine for you thanks alot @@defichronicles

[@opreaclaudiu4124]

I cannot lend any coin ,i always receive this error :signature has expired block height exceeded !!

[@defichronicles]

Make sure the pool is not full. I just checked and almost all of them are already full. Try with BSol

[@stuartallen9735]

Please can you explain how to withdraw your coins back to the wallet you sent from I can’t find how to do this on marginfi

[@Cryptofannft]

Yes it is possible

[@defichronicles]

First you need to repay your loan (if you have) then click withdraw Go down the page completely

[@Fairlyexperiencedgentilecrypto]

I can't read the screen bro the web site ur ons blurry no way to know what website ur on . Can I please just pay you to guide me thru tgis bro I could give you my cell and ill pay you what you think it's worth I'm a newbie this I all to confusing for me to even follow online but I know I want in

[@defichronicles]

The link is in the description my friend, as usual

[@torress9393]

So whatever I lend and borrow I can just leave it there? Do I have to worry about it ?

[@defichronicles]

There's always some risk with lending. Platform might get hack, price of what you are lending might go below what you are borrowing and you might get liquidated

[@torress9393]

If I were to get liquidated I would just repeat the same steps to earn points ?

[@kan1317]

well at least tell me,,i lend some sol on it and i want it back in my phantom wallet,, ,,how i can get back as i have to take out of lending first but how,,,, and how then transfer back to phantom ,,,,,?i think there is congestion too on sol

[@defichronicles]

I have a video on my channel that explains how to remove your funds from marginFi

[@PauLucasdelPozo]

I have signed up on Marginfi with my mail, and an adress has been created. I sent some SOL funds from Kucoin, to lend them for some days. But how can I return the funds to my Kucoin account? I cannot see any option! Please could you help me? thanks!

[@defichronicles]

I have never done it that way. Do you have a wallet? If you do, you just need to get a Solana wallet address from Kucoin, and then send your Sol back

[@neliashituna1190]

HI, how do i then connect to the wallet, I am not seeing anywhere to connect?@@defichronicles

[@Cryptofannft]

I can help you

[@neliashituna1190]

I got it right,thanks

[@Cryptofannft]

@@neliashituna1190 cool

[@RA-qb4gl]

Thank you

[@defichronicles]

You're welcome. Thank you for the support 🙏

[@maxiimus4986]

Nice work bruvvvv

[@defichronicles]

Thanks 🔥

[@kennethcimanes7341]

where to see refferal?

[@defichronicles]

You need to get points first

[@defaultHandle1110]

That’s says FREE Not Fee. Hmmm.

[@defichronicles]

Yeah, I realized that after the video

[@אביחנונה]

עבודה יפה

[@MohammadHosseini-p4t]

Good 💯😊

[@zedascouves01]

❤

[@alexandermatus3948]

i signed up with marginfi with socials not a wallet now how do i withdraw my SOL from my marginfi wallet to my phantom wallet... pls help me

[@defichronicles]

I have never done it that way, so no idea. Ask for support on their Discord, be aware of scammers, don't click on any link or send your seed phrase

[@mtduya]

hi there i hope you can help me i had some jitosol token about 200 usdt worth on my phantom wallet and connected it to marginfi to lend it but when I uploaded my jitosol token its not showing anymore. can you help me to recover it please

[@defichronicles]

Maybe it is in the lending pool. Scroll down completely and check if if you see something that says lending and borrowing, at the bottom of the page If not, you might have it in your wallet. Go to the swap tab and look for jitosol

[@mtduya]

Thank you for your reply I will check it

[@titsandbeer2693]

What do I do with the LST and how do I unstake?

[@defichronicles]

Scroll down the page, repay the debt that you have and withdraw your funds Once done, go to the swap tab and swap it for whatever u want

[@XULESCUBEBE]

Best Airdrop teacher out there! So much values in the videos and discord i cant stress enough! People need to see this! WAGMI

[@defichronicles]

Thank u my friend 🙏

[@messidona666]

Do i get points if i stake sol on marginfi?

[@defichronicles]

Yes

[@lars8507]

The points system was introduced in July this year, I am so uncertain whether there be a token launch or airdrop involved. I think Jito set the tone together with Pyth, so let's hope they do that

[@defichronicles]

Fingers crossed 🤞

[@Jleitao1000]

Bring more vídeos about more AirDrops and when it Will happen please. Thanks

[@RajiMuhammed-i2t]

thank you for this I got wen airdrop

[@noeltimog2201]

Great vid. Thx.

[@ahmadmahmud8574]

thanks boss for your time🎉 my is 38% advice me about it

[@defichronicles]

Keep and eye on it, and have funds in case you need to supply to increase health

[@steviek6484]

Your videos are very educational sir keep up the good work

[@defichronicles]

Glad you like them!

[@williamsofeimu4686]

Please, what's the minimum amount required to participate in this? Can I work with less than $50?

[@defichronicles]

Yes

[@favoursilas287]

Hi. I’ve just borrowed, I don’t need to touch it till next year right?

[@defichronicles]

Correct

[@xwrld7701]

Guys am new to this so are you saying the points are given per day Example let’s say after lending and borrowing I would be getting 10 points per day, if I leave that for a week that’s 70 points a week right ?

[@defichronicles]

Missed your comment, sorry. You get 1 point per dollar on lending and 4 points per dollar on borrowing. Points are updated every 24h

[@jenktopnotchvidoes126]

How long does it take to recieve points please?

[@defichronicles]

24h

[@monkmc1297]

How can I keep my Global Rank low?

[@defichronicles]

By earning more points. Longer time lending/borrowing or increasing what you put in

[@mehrdaddavani3532]

for me the lend is not working, i lend sol but can not barrow

[@gleamingauction]

Hi are you able to see your lending position? I deposited USDC but cannot see anything. Looks like it has disappeared?!

[@defichronicles]

Scroll down the page completely, it should be at the bottom

[@gleamingauction]

@@defichronicles took some time, but it came up eventually. Must be traffic !

[@defichronicles]

Good to know it worked

[@22kings5]

What is the Collect rewards for ?

[@defichronicles]

No idea 🤣 it’s not active

[@22kings5]

@@defichronicles mine has a yellow dot next to it and is letting me collect something just want to know if I should first

[@devon01]

did you ever figure this out?@@22kings5

[@TheXinumacretes]

Do i need to earn points to get a referral code? Ive logged in with ny wallet and ive lent some USDC and borrowed it but i cant seem to find my referral code when i go to points.

[@defichronicles]

Correct, after a few points you will find your ref code

[@TheXinumacretes]

@defichronicles awesome thank you! Also, I'm trying to get my LST into the global pool, but obviously it's full. Should I keep trying until space clears up? Also, I subbed. The video was a big help

[@defichronicles]

@@TheXinumacretes yes, you can even try adding the LST even if it says full. Sometimes there are few slots but we are unable to see them. Same thing happened to me, it was 100%, went for it and it worked.