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A beginners guide to MarginFi

Pre-Requisites

  • Head over to MarginFi (Referral included)

  • Make sure you have Solana in a Phantom wallet.

  • I recommend you stake your SOL into a LST, MarginFi has one, but at the time of writing the caps are full. Jito and Marinade good ones that are currently open

What you need to do:

  • Acquire your LSD

  • Deposit your LST (bSol, jitoSol, or mSol) into the lend tab. Enter the number you wish to deposit and press supply

Make sure lend is selected
Make sure lend is selected
bSol currently has Blaze rewards so this might be a good fit
bSol currently has Blaze rewards so this might be a good fit

  • Press on the Borrow tab and borrow about 20%-40% of your bag, select something with the lowest apy. mSol and JitoSol are currently lowest at time of writing. Look for something < 1%. (You can also borrow LST and possibly get a bigger airdrop from margin as it is their official LSD)

  • (IMPORTANT) Please monitor your health make sure if it approaches 0 you add more to the lend tab.

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  • Bonus: You can deposit into the “Stake” tab to potentially earn a bigger airdrop.

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  • Sit and watch your points accrue.

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lilyPadBotDescription: How to farm marginFi