Project 0

How to Farm Project 0 Points

1. Acquire SOL tokens: If you’re new to Solana, purchase some SOL from Binance and withdraw to your Solana wallet, or use Rhino.fi to bridge assets from other networks to Solana.
2. Get supported assets: Project 0 supports multiple tokens including USDC, USDT, BONK, JUP, WIF, WBTC, and WETH. You can swap between these tokens using Jupiter if needed.
3. Visit Project 0: Navigate to Project 0 and connect your Solana wallet.
4. Supply assets: Click “Supply” for your selected token. Enter the amount you want to supply and click “Supply” again. Confirm the transaction in your wallet.
5. Access Unified Borrow: Once you have supplied assets, go to the “Unified Borrow” section.
6. Borrow assets: Select the assets you want to borrow and specify the amount. Confirm the borrowing transaction in your wallet.
7. Participate in campaigns: Join active growth campaigns like the zenBTC Growth Campaign or JitoSOL Growth Campaign for additional rewards and point multipliers.
8. Loop positions: For advanced strategies, consider looping JitoSOL/SOL positions to maximize point earnings and take advantage of campaign-specific bonuses.

Maximizing Your Point Earnings

Participate in Active Campaigns: The zenBTC Growth Campaign allows users to deposit zenBTC, borrow USDC against it, and earn ROCK rewards over 12 weeks. The JitoSOL Growth Campaign offers 1.05x points boost on SOL borrows when looping JitoSOL/SOL positions.

Utilize E-Mode Assets: Take advantage of newly listed assets like INF and dfdvSOL, which offer 95.5% collateral weight in E-Mode against SOL, enabling more efficient borrowing and looping strategies.

Maintain Active Positions: Keep your supplied and borrowed positions active to continue earning points. The protocol rewards consistent participation rather than one-time actions.

Leverage High Collateral Weight Assets: Use assets with high collateral weights to maximize your borrowing capacity and potential point earnings from borrowed amounts.

Frequently Asked Questions

What Happens to My marginfi Points?

All existing marginfi points transfer to Project 0’s new points system, ensuring continuity for previous participants. These points contribute to your overall point balance for potential future rewards.

Which Assets Offer the Best Point Multipliers?

Currently, the JitoSOL Growth Campaign provides a 1.05x points boost on SOL borrows when looping JitoSOL/SOL positions. The zenBTC Growth Campaign also offers ROCK rewards in addition to standard points.

How Long Do Campaigns Last?

Campaign durations vary by specific promotion. The JitoSOL campaign runs for 4 weeks, while the zenBTC campaign extends for 12 weeks. Monitor @0dotxyz for updates on current and upcoming campaigns.

Can I Participate Without Borrowing?

Yes, users earn points by supplying assets to the protocol even without borrowing. However, borrowing activities typically generate additional points and enable participation in specific campaigns.

What’s the Minimum Amount to Start?

There’s no official minimum amount, but users should consider transaction fees and ensure they have sufficient assets to maintain healthy collateralization ratios when borrowing.

Conclusion

Project 0 represents a significant development in DeFi infrastructure by unifying margin accounts across multiple Solana venues. While no official airdrop has been confirmed, the protocol’s comprehensive points system and strong financial backing suggest potential future token distribution to active participants.

The platform’s current growth campaigns and substantial total value locked indicate healthy protocol adoption and user engagement. By participating in lending, borrowing, and campaign activities, users position themselves to benefit from potential rewards while contributing to the development of advanced DeFi infrastructure on Solana.

With over $250 million in supplied assets and continuing expansion plans, Project 0 offers both immediate utility through its unified margin capabilities and potential long-term rewards through its points system. Users should monitor official announcements and maintain active positions to maximize their potential benefits from this emerging DeFi protocol.