NX Academy
  • Academy Overview
  • NX 101
    • Module 1｜Introduction to NX
    • Module 2.1｜Leverage Basics
    • Module 2.2｜Liquidation Basics
    • Module 2.3｜Liquidation In NX
  • Fulcrum 101
    • Module 3.1｜What is Fulcrum Strategy
    • Module 3.2｜How Does Fulcrum Strategy Work
    • Module 3.3｜Deposit to Earn
    • Module 3.4｜Leverage to Earn
      • Module 3.4.1 | JLP Hedge
    • Module 3.5｜JLP 101
    • Fulcrum Summary
  • GMS 101
    • Module 4.1｜What is Airdrop
      • Module 4.1.1｜What is AirdropFi
    • Module 4.2｜What is GMS Strategy
    • Module 4.3｜How GMS Strategy Works
    • Module 4.4｜Integrated Protocols
      • Module 4.4.1｜Solayer
      • Module 4.4.2｜SolanaHub
      • Module 4.4.3｜The Vault
    • GMS Summary
  • NX Staking
    • Module 5.1｜Introduction of NX Staking
    • Module 5.2｜Your sNX automatically increases over time!
    • Module 5.3｜Unstake NX
    • Module 5.4｜Reward Breakdown
    • Staking Summary
  • NX Vault
    • Module 6.1｜Introduction of Vault
    • Module 6.2｜What is JLP Delta Neutral Strategy
    • Module6.3｜How does JLP Delta Neutral Strategy work
    • Module 6.4｜Why did we choose to Build on Drift
    • Vault Summary
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  • SolanaHub in one sentence
  • What is SolanaHub?
  • What is hubSOL?
  • What can you do with hubSOL on NX Finance GMS?:
  1. GMS 101
  2. Module 4.4｜Integrated Protocols

Module 4.4.2｜SolanaHub

SolanaHub in one sentence

SolanaHub is a platform designed for managing Solana-based activities, particularly tailored for users deeply engaged with the Solana ecosystem.

What is SolanaHub?

SolanaHub acts as a centralized hub for Solana users, offering tools and services to manage, stake, and interact with various aspects of the Solana blockchain. It's built to cater to the needs of both casual and hardcore users, known as 'degens' and 'maxis', providing an efficient interface for DeFi participation, asset management, and more within the Solana network.

What is hubSOL?

hubSOL is a liquid staking token provided by SolanaHub, which users receive when they stake their SOL through the platform. It represents staked SOL in a liquid form, enabling users to engage in DeFi while still earning staking rewards from their original SOL stake.

What can you do with hubSOL on NX Finance GMS?:

Leverager (Point Farmer):

  • Collateral for Solayer Point Leveraging: Users can use hubSOL as collateral within Gold Mining Strategy (GMS) to leverage their position for Solayer points. This strategy allows for potentially higher earnings in terms of Solayer points through leveraging.

  • Extra NX Point Boost: By using hubSOL as collateral, participants receive an extra boost in NX points, enhancing your overall points accumulation.

  • Up to 10X Boost on LL Points: Engaging with hubSOL in this manner also provides users with the opportunity to gain up to a 10X boost on Loyal League (LL) points, which are part of SolanaHub's reward system, significantly increasing the rewards from their participation in GMS. The boost varies according to the leverage multiplier you selected.

Note: There is no specific lending functionality for hubSOL within the NX Finance GMS; its primary use is for leveraging strategies related to point farming and boosting within the ecosystems of Solayer, NX Finance, and SolanaHub.

PreviousModule 4.4.1｜SolayerNextModule 4.4.3｜The Vault

Last updated 3 months ago

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