How to Invest in Quarry on Solana and Find Risk Free Almost for stSOL SOL Farm at 14% + 6% APY

I will show you how to Invest in Quarry Finance on Solana and find risk Free (Almost) for stSOL-SOL Farm at 14% APY for those who want to HODL Solana for long time and also qualify for possible Airdrops on Quarry Finance in the future. Quarry is a simple, fun interface for Solana users to discover, farm, and eventually launch their own DeFi liquidity mines. They have multi-reward yield farming where they partner with Saber and Marinade teams to set up some dual yield farms around mSOL. Currently Quarry supports Saber Protocol Token, Marinade Tokens, Cash Cow tokens, Saber Frax Rewards (Frax Share on Wormhole), Pole Aggregator Governance Token, Sentre Protocol Tokens, Sabe Luna Rewards (Luna Wormhole), Soluna Governance Tokens, Saber Lido Rewards (Lido DAO Token on Wormhole), Port Finance Token, and Jungle Defi tokens. I clicked on Saber Lido Rewards pools. I wanted to invest in Saber Lido Rewards where stSol-SOL Liquidity Provider tokens that is currently offering 13.47% APY.

Coverting SOL in to STSOL (Liquid Staking) on LIDO Finance Before you can deposit funds, you need stSol in your wallet. I will show you how to get stSOL tokens from Lido finance. Go to Lido.finance. In LIDO finance, you can do liquid staking of Ethereum at 3.9% APR, Luna at 6.5% APR, Kusama at 23% APR, Polygon at 8.7% APR besides Solana at 6.3% APR. Connect your Solana wallet of choice. I chose Phantom wallet for ease of use. I connect it with password. I deposit my 0.21 Sol. It created 0.2031 stSol at a conversion rate of 1.0336 SOL per 1 stSol.

Finding Liquidity Pools on Quarry Finance Next, I will show you how to find liquidity pools on quarry finance. There are multiple pools on Quarry Finance. Think of it as Beefy Finance (EVM yield aggregator ) of Solana. It is act like a yield aggregator for Solana chain (None EVM chain) without yield auto compounding. I go to the Pool of Saber Lido Rewards (Lido DAO Token wormhole). Click View Quarries. There is 2 pools under that pool categories. I pick Saber stSOL-SOL LP. Currently it is offering 13.57% APY for depositing equal 50-50 stSOL-SOL liquidity.

Depositing stSOL-SOL liquidity on Saber Finance I will show how to deposit tokens into stSOL-SOL liquidity on Saber Finance. Click on the link next to Saber stSOL-SOL LP. This will take you directly to Saber Finance. This is where the LP token is generated. In the stSOL-SOL Solana Pool current TVL is over $935000. It generates daily fees of 0.48% APY with raughly fees of $374 that is shared by Liquidity provider in this pool. Click maximum stSOL you want to deposit. Click Deposit. Click Confirm Deposit. After you have created unstaked stSOL-SOL LP tokens, you need to headed back to Quarry Finance Yield aggregator page.

Staking stSOL-SOL LP tokens on Quarry Finance. Next, I will show you how to stake stSOL-SOL LP tokens on Quarry Finance. When you go to the Liquidity Mining section of the page, you will see your balance. In my case I see 0.4053 stSOL-SOL LP tokens worth about $42.18 as of shooting this video. I click Deposit. Click Execute All where it LP tokens will be deposited into primary and next stake to replica rewarders. After your LP tokens are deposited you can see I am earning 0.00476632 LDO tokens per day on top of 0.000008 SBR per day for the $41 I deposited. LDO token as of shooting this video is $3 and Saber SBR is $0.02.

Risks vs Rewards Finally, here is the Risks vs Rewards of this investment. According to Defi Llama, Quarry protocol is not audit. There is much higher risk of smart contract exploits by a hacker on Saber Finance as well as Quarry Finance. In summary, I am getting 14% APY from Quarry Finance. I also getting 6% APY from liquid Solana staking from LIDO finance. Combine, I am getting close to 20% APY at least 50% of my investment and other 50% of my investment is growing at 14% APY.

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Time Stamp: 00:00 Introduction Quarry Finance 01:14 Buying Bitcoin Without Fees from Strike App 02:02 Buying Bitcoin Without Fees from Robinhood Wallet 03:01 How to Buy Solana on CoinEx Central Exchange 03:38 Coverting SOL in to STSOL (Liquid Staking) on LIDO Finance 04:28 Finding Liquidity Pools on Quarry Finance 05:04 Depositing stSOL-SOL liquidity on Saber Finance 06:13 Staking stSOL-SOL LP tokens on Quarry Finance. 07:15 Risk and Rewards in Investing Quarry Finance and Saber Finance

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