Dadivan.Sol

Hunting DeFi yields & Solana airdrops | Founder Playbook series

[Dadivan.Sol @Dadivan_sol]

Founder Playbook #1

What would a Solana DeFi founder do if he was just a user?

🎙 Jorge @jorge_rl02
Founder of @LinceFinance

💡 On his own protocol

Jorge doesn’t believe in fixed strategies, his approach changes with market conditions.
Right now, he expects continued downside → capital preservation first.

• Full exposure to stablecoins
• Strategy: Vault Breaker on Lince
• Yield: ~10–11% APY
• Diversified across multiple underlying protocols

🔄 Outside his protocol

Choosing was tough... Jorge actively follows many Solana projects and sees several as underrated.

Here are the 3 strategies he’d run today:

• $yUSD - @synatraxyz
→ Targeting ~23% ROI on USDC in 2025
• $RETF - @RECCFinance
→ ~14% APY, backed by real estate
→ Real yield, not narrative yield
• @FlashTrade – Perps LP
→ 10–20% APY
→ Flexible exposure: USDC only, majors, or even stocks

🧠 My takeaway

Two important signals here:
• Strategies are market-dependent, not static
• Founders diversify across the ecosystem, not just one protocol
This is builder-level thinking.

Follow @Dadivan_sol for more Founder Playbook and weekly strategies straight from Solana builders.

[Dadivan.Sol @Dadivan_sol]

@timiondegen @kamino @hylo_so @onrefinance @humafinance As always

[Dadivan.Sol @Dadivan_sol]

DeFiCarrot lost $8.3M to the Drift hack.

Over 50% of their funds.

@kamino, @hylo_so, @onrefinance, @humafinance: zero exposure.

Same ecosystem. Completely different architecture.

Nobody shows you that gap.

Introducing Looped & Rated.

Bi-weekly leaderboard ranking Solana's best looped APY.

Every loop gets two scores:

→ PLATFORM score (the infrastructure)
→ ASSET score (the token)

Each scored on 5 criteria:

• Audit status
• Contract age & track record
• LTV ceiling / backing mechanism
• Oracle / NAV reliability
• Liquidity & redemption depth

2 points each. Same framework every time.

Not just yield. Yield + the full risk layer.

🟢 8–10: Structural confidence. Run it.
🟡 5–7: Calculated exposure. Monitor it.
🔴 0–4: High risk. Know what you're taking on.

First drop: next week.

Methodology 👇
🫡

[Dadivan.Sol @Dadivan_sol]

@LucaSolana @kamino @hylo_so @onrefinance @humafinance GHuma

[Dadivan.Sol @Dadivan_sol]

@ThesisInvestor @kamino @hylo_so @onrefinance @humafinance Fair point!
The framework just treats audits as one signal, not the whole story. A protocol can be well-audited and still have risk concentrated elsewhere.
The goal is to measure overall structural risk not just audit quality

[Dadivan.Sol @Dadivan_sol]

@guisolchain @kamino @hylo_so @onrefinance @humafinance Security first

[Dadivan.Sol @Dadivan_sol]

@Sleek_yy @kamino @hylo_so @onrefinance @humafinance Thanks bro!

[Dadivan.Sol @Dadivan_sol]

One of the strangest yield opportunities on Solana right now:

Borrowing USDG at -2.56% APY.

Yes, negative.

The Solstice Market on @kamino currently rewards borrowers while suppliers earn 8.03% APY.

Not something you see every day.

[Dadivan.Sol @Dadivan_sol]

DeFiCarrot lost $8.3M to the Drift hack.

Over 50% of their funds.

@kamino, @hylo_so, @onrefinance, @humafinance: zero exposure.

Same ecosystem. Completely different architecture.

Nobody shows you that gap.

Introducing Looped & Rated.

Bi-weekly leaderboard ranking Solana's best looped APY.

Every loop gets two scores:

→ PLATFORM score (the infrastructure)
→ ASSET score (the token)

Each scored on 5 criteria:

• Audit status
• Contract age & track record
• LTV ceiling / backing mechanism
• Oracle / NAV reliability
• Liquidity & redemption depth

2 points each. Same framework every time.

Not just yield. Yield + the full risk layer.

🟢 8–10: Structural confidence. Run it.
🟡 5–7: Calculated exposure. Monitor it.
🔴 0–4: High risk. Know what you're taking on.

First drop: next week.

Methodology 👇
🫡

[Dadivan.Sol @Dadivan_sol]

@xBartega BarteSOL on da place 🫡

[Dadivan.Sol @Dadivan_sol]

One of the strangest yield opportunities on Solana right now:

Borrowing USDG at -2.56% APY.

Yes, negative.

The Solstice Market on @kamino currently rewards borrowers while suppliers earn 8.03% APY.

Not something you see every day.

[Dadivan.Sol @Dadivan_sol]

@cryptocatsansa @kamino @hylo_so @onrefinance @humafinance Hope you’ll love it 🫡

[Dadivan.Sol @Dadivan_sol]

@FabianoSolana @OndoPerps Perps szn!

[Dadivan.Sol @Dadivan_sol]

@mert Try NoBank 🫡

[Dadivan.Sol @Dadivan_sol]

@SolanaSensei @solana Daddy BTC, SOL and HYPE 🫡

[Dadivan.Sol @Dadivan_sol]

Interesting move.

The first phase was getting hundreds of millions into the Ethena Market.

The next phase is optimizing the capital stack.

Debt Swap + PYUSD liquidity makes it easier to keep leverage efficient as the market scales.

[Dadivan.Sol @Dadivan_sol]

@timiondegen @onrefinance @humafinance @HastraFi @perena @solayer_labs Stable yield is the best way to earn money!

[Dadivan.Sol @Dadivan_sol]

@TryNoahAI Started using it and really love it

[Dadivan.Sol @Dadivan_sol]

@AnodosFinance @solana @toly @kamino @JupiterExchange @ExponentFinance @solsticefi @bonk_inu @UmbraPrivacy @zinc_cash @hylo_so 🔼🔼🔼

[Dadivan.Sol @Dadivan_sol]

Last week on Solana was a tokenized asset & institutional adoption week.

Tokenized stocks hit new records.
Major fintechs moved onchain.
Institutional DeFi kept scaling fast.

Here's everything you missed in 90 seconds 👇

⸻

🏦 Tokenized Assets & Institutional Expansion

• @solana hit 200K tokenized stock holders
→ New all-time high

• Monthly tokenized equity volume topped $1B
→ First time ever

• @GetPyra launched tokenized equities
→ NVDA, TSLA, GOOGL, AAPL, SPY, QQQ now onchain

• @orca_so launched permissioned RWA trading infrastructure
→ Built with Streamex

• @kamino launched $STRCx on Multiply
→ Up to 2x leverage on Strategy's tokenized preferred stock
→ 11.5% annualized dividend exposure

Tokenized assets scaling at record pace.

⸻

💵 Stablecoins & Financial Rails

• @SoFi launched SoFiUSD on Solana
→ First stablecoin issued by a U.S. nationally chartered bank
→ 14.7M banking customers now onchain

• @CashApp enabled USDC on Solana
→ Stablecoin access for millions of users

Institutional financial rails keep choosing Solana.

⸻

🧩 DeFi, Lending & Yield Markets

• @JupiterExchange launched Offerbook Public Beta
→ Fixed-rate, fixed-term lending
→ No price-triggered liquidations

• @jup_lend launched Risk Research
→ Detailed collateral analysis for listed assets

• @jup_offerbook added @piggybank_fi pbTOKENS as collateral

• @ExponentFinance launched V2
→ Strategy Vaults, flagship markets, $200K+ incentives

• Exponent's OnRe Growth Vault filled its $2.5M cap in 24 hours

• @solsticefi crossed $500M TVL
→ One day after TGE as Anchorage Digital backed $SLX

Institutional-grade DeFi infrastructure keeps maturing.

⸻

🏛️ RWA Collectibles & Consumer Assets

• @Collector_Crypt surpassed $1B lifetime volume
→ Became Solana's 2nd highest revenue-generating dApp over 24 hours

• @bonk_inu entered the RWA collectibles sector
→ Launching BONKUJI

RWA collectibles becoming a major consumer category on Solana.

⸻

🔐 Privacy & Security Infrastructure

• @UmbraPrivacy mobile app is live on iOS and Android
→ Partnered with @streamflow_fi for private token vesting

• @zinc_cash launched on Solana
→ Private proof-of-work mining where strategies remain hidden

• @OREsupply staking program officially frozen
→ Upgrade authority risk eliminated for staked assets

Privacy infrastructure expanding rapidly.

⸻

📱 Products, Wallets & User Experience

• @phantom rolled out a major mobile redesign
→ Easier discovery, trading, portfolio navigation

• @Pumpfun announced multichain expansion
→ Opening access to Ethereum, BNB Chain, other EVM ecosystems

• @tokens launched ASSETS API publicly
→ Free access for developers

Consumer layer keeps getting stronger.

⸻

⚙️ Ecosystem Growth & Builders

• @AnodosFinance expanded into Solana
→ Bringing its XRPL-based financial super app

• @Arcium completed reviews for RTG Wave 2 submissions

• @hylo_so launched liquidation relief
→ $100 in xSOL support for qualifying perp liquidation victims

Builders keep shipping while new ecosystems integrate into Solana.

⸻

📌 What This Week Showed

Solana entering another phase of financial expansion:

• Tokenized equities reaching real scale
• Stablecoin adoption accelerating through banks and fintechs
• Institutional DeFi crossing new TVL milestones
• Privacy infrastructure becoming more sophisticated
• RWA collectibles emerging as a major category

[Dadivan.Sol @Dadivan_sol]

Interesting move.

The first phase was getting hundreds of millions into the Ethena Market.

The next phase is optimizing the capital stack.

Debt Swap + PYUSD liquidity makes it easier to keep leverage efficient as the market scales.

[Kamino @kamino]

Updates to the Ethena Market

Tomorrow, the USDG borrow rate curve in the Ethena Market will be updated at the direction of the Ethena Risk Committee. Alongside this, PYUSD liquidity and the Debt Swap tool will go live.

PYUSD will be available in the Ethena Market with a more attractive borrowing opportunity. Users will be able to borrow PYUSD against USDe and loop as liquidity scales.

To make the transition seamless, the Debt Swap tool will allow users to move USDG debt to PYUSD instantly with no manual unwinding required.

A kink has been introduced at 95% utilization, keeping the rate at 2.5% at the target and 5.25% at max. For reference, current utilization is 85%, so borrow rates remain unchanged, but the curve is expected to shift slightly upwards in the coming days on USDG to support the transition to PYUSD.

New USDG borrows will be blocked in the Ethena Market, and existing positions are encouraged to move to the new, more attractive PYUSD reserve.

[Dadivan.Sol @Dadivan_sol]

@Sinikas_ @kamino @xStocksFi But it's finally here and the best way with very good APY!

[Dadivan.Sol @Dadivan_sol]

🧭 DeFi Loop Radar - Week #23: $STRCx / $USDC Multiply on @kamino 🫡

Michael Saylor built a machine to buy Bitcoin forever.

Strategy funds it with preferred stock.

That preferred stock is now a DeFi loop on Solana.

⸻

🧠 The Setup

$STRCx is Strategy's Stretch preferred stock tokenized on Solana.

1:1 backed by NASDAQ-listed $STRC shares. Held with a regulated custodian. Tokenized by xStocks.

The yield: 11.5% annual dividend.

Fixed monthly payment. Cash dividend. Auto-compounded into your token via rebasing.

Raised seven consecutive times since July 2025.

Started at 9%. Now 11.5%. Still climbing.

On Kamino's STRCx Market:
→ Deposit STRCx
→ Borrow USDC against it
→ Amplify the dividend carry
→ Stack monthly income with leverage

Key parameters:
▪️ Max Leverage: 2×
▪️ Max Leverage APY: 16.19%
▪️ Max LTV: 50%
▪️ Average Leverage Taken: 1.76×

⸻

⚙️ How It Works

One click. Kamino handles the rest.

Deposit STRCx → borrow USDC → swap for more STRCx → re-deposit → dividend auto-compounds.

Monthly income, amplified.

Pricing: Chainlink oracle sourcing directly from U.S. equity exchanges. Not onchain liquidity. Immune to onchain manipulation. Auto-pauses during trading halts or market outages.

⸻

📊 What Happened At Launch

Max leverage: 2×

Average leverage taken: 1.76×

The market hit 88% of ceiling on day one.

With $1.70K liquidity.

Early participants maxed it out immediately.

⸻

⚠️ Risks

→ Equity price risk: STRCx is a preferred stock. Strategy's performance and market access directly affect value.

→ BTC backing is indirect: Bitcoin holdings support Strategy's corporate structure, not the preferred stock itself.

→ USDC borrow rate creep can compress or invert the dividend spread.

→ 15-point liquidation buffer (50% → 65%): widest in this series, deliberately conservative for equity collateral.

→ Regulatory and custodian risk: tokenized equity carries TradFi-layer risk distinct from native DeFi assets.

Dividend carry trade. Not risk-free.

⸻

🎯 Why This Is The Trending Loop

→ First lending and Multiply market for STRCx on Solana
→ 11.5% annual dividend raised 7 consecutive times, momentum is up
→ Monthly income, auto-compounded into the position
→ 843,000+ BTC behind the corporate structure
→ 15-point liquidation buffer, most conservative collateral protection in this series
→ Market at 88% max leverage at launch, instant conviction signal
→ Chainlink oracle sourcing from U.S. exchanges directly, institutional-grade pricing

Every other loop in this series amplifies DeFi yield or RWA credit.

STRCx amplifies a corporate dividend from the most Bitcoin-concentrated company on earth.

Liquidity is thin right now.

When depth arrives and demand is already there, this becomes one of the most unique income loops on Solana.

Traditional finance. Bitcoin strategy. DeFi execution.

That's the trending loop this week. 🧭🫡

⸻

⚠️ Not financial advice. Always DYOR. STRCx is an equity-based instrument. Price risk differs from stablecoin or LST loops. Understand the full Strategy preferred stock structure before entering.