While Solana has been the breakout success story of recent years, its DeFi ecosystem has trailed Ethereum in product diversity. However, with faster blocks and cheaper transactions, Solana is perfectly suited for DeFi innovation and growth. The success of yield trading and points farming on Ethereum, exemplified by Pendle’s remarkable journey from $0.05 to over $7 (140x rise), sets an interesting precedent for Solana’s ecosystem.
Solana now boasts a rich universe of yield-bearing assets that are suited for the growth of a yield trading ecosystem:
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Staking (LSTs): mSOL, JitoSOL, bSOL
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Restaking (VRTs): ezSOL, kySOL, kyJTO
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Perps LP tokens: JLP, DLP (Drift), FLP (Flash Trade)
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Stableswap LP tokens: Meteora, Saber, Perena
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Yield-bearing stablecoins: USDH, YBX, SUSD
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Staking yield: RAY, JUP
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Bribing yield: veMNDE, veBLZE, veLFNTY
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Lending protocol