RainFi is a peer-to-peer lending platform on the Solana blockchain that offers diverse features for traders, including borrowing against NFTs or SPL tokens, and a unique “Buy Now Pay Later” option for NFT acquisitions. It also enables users to lend and create customizable lending pools. Here’s how to get started and make the most of RainFi.
While no RainFi airdrop is confirmed yet they have “droplets” and the likelihood is very high.
The magic swap allows you to purchase tokens at a lower upfront cost and pay the balance by a predefined date. This feature enhances liquidity and includes 3x droplets earning multipliers.
Select a token such as USDC and choose a token to purchase such as SOL. Regardless of price volatility, you won’t face liquidation. This means you just have to be ready to pay back the funds and interest before the deadline which you set. If the token you buy went up you make money, if it went down you will lose some. But you will never lose all.
Using method above, Swap USDC to SOL (or any token) with leverage on. Set leverage to high amount. Work out fees. Open the trade, close it straight away. You will take a loss in the fees but have farmed a bunch of points. Remember to swap your token from SOL back to USDC after.
Find a token you are bullish on such as BONK, or any token you think will increase in price.
Collateralize your NFTs and borrow the current floor price with extremely low interest rates. Get 50% of NFT value in loans and get 1x Droplets rewards.
Need some help? simply watch the step-by-step video below or join our discord.
RainFi’s innovative approach to DeFi lending, borrowing, and token acquisition sets new standards in the space, especially with features like Magic Swap that offer risk-free leverage against price volatility. Though specifics on airdrops or Droplets rewards are pending, the platform’s growth and utility make it an attractive option for those involved in lending and borrowing.
