Adrastea - 10x more Airdrops with $JUP and Backed by the largest Solana community
You can either choose to sell your $JUP or put them to earn 10x more airdrops
You faded $PYTH, missed $JTO but don’t miss $ADRA
Building in stealth and backed by the largest Solana community 🧵👇
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Jupiter will be a strong, growing force on @solana.
Jupiter, a spot swap and perpetual DEX generates some of the most lucrative revenue-based yields in DeFi.
Its also no surprising if we see a $SOL ETF.
Recently, @JupiterExchange did an airdrop of $JUP which is probably one of the largest in Solana history.
Its evident from its impressive stats:
~$9B trading volume
~$100M in AUM
47K trader in the last 30D
It is no doubt that any projects built on $JUP will also see massive growth and even more airdrops back to $JUP holders.
It proved itself to be a beast, and in January 2024 alone, it achieved the following:
A first mover on $JUP will see the most value: @AdrasteaFinance is a vault strategy protocol built on Jupiter.
Lets understand more about $JUP
Jupiter, a spot swap and perpetual DEX featuring a unique LP system (the JLP token). Similar to how $GMX does it.
If we reflect on the success that $GMX sees on Arbitrum, $JUP could also see similar success.
$JLP token contains a basket of cryptocurrencies like: USDC, USDT, ETH, BTC, and SOL.
Target asset split is roughly 50:50 between stable and non-stable assets.
LPs act as the counterparty for all trades on Jupiter while earning 70% of the yield from Jupiter protocol fees.
Adrastea Vaults
Adrastea Finance builds one-click vaults with various strategies suitable for various risk profiles
Users can expect up to 300% real yield APY collected from trading fees with Adrastea.
Their dual strategy combines these 2 vaults:
adrUSDC Vault — Earning real yield in USDC
adrJLP Vault — Leverage strategies and earn increased JLP yields
They work together to boost the yield generated by JLP for depositors. The adrJLP vault accrues yield in SOL, while the adrUSDC vault accrues yield in USDC.
How it works?
The adrJLP and adrUSDC vaults works hand in hand.
Here an overview on how the 2 vaults works:
Deposit JLP or any JLP basket token into the adrJLP Vault, and USDC into the adrUSDC Vault.
The adrJLP Vault borrows USDC collateral from the adrUSDC Vault to mint more JLP, thereby gaining leverage on its JLP position.
The adrJLP Vault delivers more yield due to leveraging.
The adrUSDC Vault delivers USDC yield to depositors by receiving a portion of the yield from the JLP strategy built on its collateral.
Automatically rebalance to keep leverage and risk within defined ranges. This means that even in times of high market volatility, liquidity will be adjusted to maintain a stable level of leverage and risk
To mitrgate risk, the adrJLP Vault only borrows from the adrUSDC vault and not from other sources.
Due to the rebalancing to keep the risk with ranges, LPs may experience a decrease in APY, but won’t be liquidated. So users investments are protected.
In summary, Adrastea vaults bring the following benefits:
Amplified yields through leverage and principal protection
Best optmized strategies for various risks profiles.
Real yield in USDC despite any market conditions
Both adrJLP and adrUSDC vaults complement each other for maximum asset productivity.
Team and Backers
Built by the team that made Pawnshop Gnomies, the first and Nº 1 NFT Lending protocol on Solana
They’ve raised from Tier 1 Solana communities. Real OGs. Community focused project.
No VCs invovled.
Conclusion
Team is building in stealth and more strategies are in the pipeline
Beta coming soon!
Twitter: https://twitter.com/arndxt_xo/status/1755550814054277125
Amazing!