Airdrop Guide: marginfi

marginfi is a DeFi prime brokerage for lending and staking.

Why We Are Hunting This

marginfi has an ongoing points program, rewarding early users for lending, borrowing, and referring others to the platform! Protocols often implement a points system as a precursor to an airdrop to help identify accounts contributing towards their success.

Official Links

• app.marginfi.com
• @marginfi

Tasks & Quests

Unknown Title

Difficulty: Easy | Time: 5 min

1. Select which browser you want to download Phantom for
2. Install the Phantom to your browser
3. Click “Create New Wallet”
4. Input your passcode and agree to the terms of service
5. Record your seed phrase
6. Open the Phantom extension and click “Buy”
7. Click “Solana”
8. Input the amount of SOL you wish to purchase and click “Next”
9. Choose the payment method you want to use and fund your Phantom wallet

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Difficulty: Easy | Time: 2 min

1. Click “Lend to marginfi” to sign up with the Bankless referral link
2. Alternatively, locate a referral from the Bankless Nation in the comments
3. Connect your wallet to marginfi
4. Make sure you are on the “Lend” market
5. Choose the asset you want to supply
6. Input the amount of the selected asset you want to supply
7. Click “Supply” and approve the transaction

Borrow from marginfi

Difficulty: Easy | Time: 2 mins

1. Connect your wallet to marginfi’s frontend
2. Switch to the “Borrow” market
3. Choose the asset you want to borrow
4. Input the amount of the selected asset you want to borrow
5. Click “Borrow” and approve the transaction

Shill your marginfi Referral Link

Difficulty: Easy | Time: 2 mins

1. Connect your wallet to marginfi’s frontend
2. Sign in to verify your wallet
3. Click “Copy Referral Link”
4. Shill your referral link in the comments!

Mint LST with marginfi

Difficulty: Easy | Time: 2 mins

1. Connect your wallet to marginfi’s frontend
2. Select the asset you want to deposit and input the amount
3. Click “Mint” and confirm the transaction

Loop with marginfi

Difficulty: Easy | Time: 2 mins

1. Connect your wallet to marginfi
2. Select the token you want to supply and input and amount
3. Select the token you wish to borrow
4. Choose the amount of leverage you want to use
5. Click “Loop” and confirm the transaction

Trade Memes with marginfi

Difficulty: Easy | Time: 2 mins

1. Click “Sing In” and connect your wallet to The Arena
2. Search for the token you want to trade
3. Click “Long” or “Short” to determine your position direction
4. Enter the amount of margin you want to supply
5. Set your leverage
6. Click “Long/Short” and confirm the transaction