With news of Google buying up Solana like there is no tomorrow, who else is looking to add to their SOL bags?
Here are some ways I’m trying to make my SOL work for me!
If you like these, I will share some more :)
SHARKYFI LENDING
Who isn’t lending on SharkyFi right now?! What an awesome source of passive income to increase your SOLANA holdings. With just over 60 SOL to lend, last week I made a little over 2.5 SOL lending to holders of Helions, Degen Fat Cats, Solbookie, Netrunners, and Looties. I would recommend only lending to holders of projects you wouldn’t mind owning and would be happy buying at their current floor price! 2.5 SOL is over 30$ USD at the time of writing and I was happy with the returns and will continue lending.
Sharky - Make money with NFTs
Borrow SOL with your NFT, and keep your NFT with you. Lend SOL to make more SOL, and get an NFT if the loan isn't…
sharky.fi
LENDING ON FRAKT
Who loves autopilot? I do! Lending on Frakt is easy as 1,2,3. With over 500,000 SOL in TVL on the platform, Frakt is a behemoth. I have been lending to the “Flip Pools” fund which at the time of writing is giving me a 17.3% return on my SOL. I have a bit over 50 SOL deposited into one of their pools and it is yielding over .1 SOL per week. This is a bit slower and steadier than SharkyFi (less risk), but I love to see my SOL grow while I am sleeping.
PASSIVE INCOME NFTS
I bought a Solbookie Sportsbook NFT a few weeks ago for 27 SOL. In the two weeks, I have held the NFT it has paid out .4 and .5 SOL for its weekly payout. The Solbookie Sportsbook NFT provides holders with revenue-sharing weekly payouts and gives holders perks when using the platform. Solbookie is the leading sportsbook on Solana right now, it provides access to spreads on many sporting events and is growing its user base each week. At a purchase price of 27 SOL and with hopes the passive income is .5 SOL per week, this project is right around a 100% ROI today and the founders are building. Wishing the best for the team. https://solbookie.io/
I have long held some Degen Fat Cats and enjoy seeing their weekly payouts on Fridays. They have a loyal player base and a huge, steady income. They have a long track record and the team’s incentives are aligned with the holders. The more the platform makes, the more the team and holders are rewarded. Their plans for expansion are exciting and their ambition to grow is huge, the Solana blockchain can handle all the transactions, lot of runway potential here. Their discord has been rugged, and there have been exploits but through it all, they have still grown. A blue-chip passive income project is available for around 25 SOL right now.
The Graph below illustrates their plans for future growth and how they plan to allocate their funds to position themselves to build during the bear and explode at the return of the next crypto bull market. Here is their Twitter if you’d like to learn more.
https://twitter.com/degenfatcats
I’m also a huge fan of the NFT project, Helions by the Helio Pay company. This project has huge utility for holders and it is one of the best products I have seen for integrating traditional payments into the Solana blockchain. The company has a team that is experienced in building startup companies and selling them at a large profit. Their product works great, below I will attach a pay link so you can send me some SOL and see just how well it works ;) The pay links can be set up to be NFT-gated, quantity gated, etc. They almost set up a seamless layer of trust that allows two parties to be more confident in their blockchain transactions. I’m bullish on the growth of their platform and revenue. Check them out.
Holders of the Helions get passive income, that’s what we are focusing on here. They get 7.5% of Helio transaction fees, NFT royalty fees & subscription fees paid out as USDC passive income every quarter. Another 2.5% goes to the DAO treasury. Another perk of this collection is access to the discord with the world’s nicest moderator, Nikolay. I’ve been in many discords and I’m always blown away by his level of activity and friendliness, hats off to you bud.
CONCLUSION
Let me know what you thought of these passive income ideas and please give me suggestions for more!
Thanks
https://www.hel.io/pay/63bcaec81e651fe2e2146995
Wallet
4PpooiEEsTo3amSPqQCPgaY2WwmxoXVMbGTrZi2Cj5ip
