Research Summary
The report discusses the potential of making money through airdrops, particularly in the Solana ecosystem. It highlights the success of Hindsight Capital and the potential of Foresight Capital. The report also provides a detailed explanation of how to earn money through the Jito protocol on Solana, including the process of staking SOL tokens and receiving JTO tokens. It concludes with a discussion on the future of Solana and the potential for upcoming airdrops.
Key Takeaways
Success of Hindsight Capital and Potential of Foresight Capital
- Performance of Hindsight Capital: Despite making several successful calls, Hindsight Capital outperformed the report’s authors. The report suggests that the key to success lies in finding the best ways to express ideas with the right sizing and timing.
- Potential of Foresight Capital: The report suggests that Foresight Capital could potentially outperform Hindsight Capital, as the playbook for success has already been executed once before.
Transformation of DeFi in 2020 and its Impact
- DeFi Summer: The report discusses the transformation of DeFi in 2020, which was triggered by Compound (COMP) and Uniswap (UNI) airdropping tokens to their user bases. This led to a surge in usage and token prices.
- Democratic Vision of Blockchain: The report highlights how early adopters of certain DeFi, NFT, and web3 protocols and applications have profited from their success, contrasting this with traditional economies where early customers do not typically benefit financially.
How to Make Money with Jito on Solana
- Jito Protocol: The report provides a detailed explanation of how to earn money through the Jito protocol on Solana. This involves staking SOL tokens and receiving JTO tokens in return.
- Value of JTO Tokens: The report notes that airdrop recipients received a minimum of 4,941 JTO tokens for staking at least one SOL token on the platform, which at the current price of JTO, equates to almost $15,000 worth of free tokens.
Future of Solana and Upcoming Airdrops
- Upcoming Airdrops: The report suggests that MarginFi and Kamino may be the next Solana-based protocols to airdrop tokens. However, as more people farm for an airdrop, the rewards are likely to decrease.
- Performance of Airdropped Tokens: While airdropped tokens generally perform well in the short term, the report notes that they often struggle as recipients begin to monetize their newfound wealth, resulting in only a few tokens achieving sustainable growth.
Actionable Insights
- Exploring Airdrops: The report suggests that airdrops are an easy way to learn about the mechanisms driving the crypto ecosystem and earn rewards for participating. It recommends figuring out how to participate in airdrops.
- Researching Potential Airdrops: The report advises that with a bit of research, there are dozens of other applications that will potentially do airdrops. It suggests that while it can be confusing, it is likely worth the effort.
- Understanding the Dynamics of Airdrops: The report highlights the importance of understanding that while airdropped tokens generally perform well in the short term, they often struggle as recipients begin to monetize their newfound wealth.
