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@ Hans Karlsborn
2025-05-09 16:12:20
It is rather complex but there are ways…And I have made the decision to part with a portion of my btc to get Solana to be able to exploit the ecosystem. What I have done is to ”liquid stake” Solana on Jito Staking; then you get a token in return for the staked Solana that is named JitoSol that is programatically made so that it appreciates in value against Solana over time; then you can use this JitoSol (that is appreciating) as collateral on another app, in my case Save and borrow USDC against that collateral at a rate that is lower than the appreciation of the JitoSol to Solana.
I recommend the Phantom app as a base for this, because that is the one I have used.