Welcome to the Solana Ecosystem! We hope this hunt will help you find an easy and enjoyable entry point into Solana.
What’s This For?
The best way to understand a crypto project is to get involved in it yourself. We at Flipside are here to help you do exactly that. This set of steps is your portal into the world of Solana (and all the data we’ve gathered to help you shine a light on its furthest expanses). Think of it as a “pre-flight checklist” for a space launch. Once you’ve completed these steps, you’ll be successfully immersed in the Solana ecosystem, familiar with its core token (SOL) and some of its core applications. Got questions? Reach out in the solana-hunts or query-troubleshooting channels in our Discord!
By the end of this tutorial, you should be able to:
Preparing for the hunt
You can pack light while chasing this storm, but you do need a couple of things to complete it:
---Steps to Complete--
Set up a Phantom Exchange Wallet
Let’s get started by setting up a wallet and funding it with SOL. We’ll be creating a wallet via Phantom Wallet — think of it as a Metamask for the Solana ecosystem. You can also use Sollet or Solflare wallets as alternatives, but in our experience, Phantom is the easiest to use and is compatible with everything in the Solana ecosystem.
To create your Phantom Wallet:
Get some SOL
For now, that new wallet is empty — but it won’t be for long. Now it’s time to fund your Phantom Wallet with SOL, the native currency for Solana. If you don’t have any SOL yet, no problem — here’s how to get some. The easiest way to get SOL is by visiting an exchange. To do so, you’ll need to visit an exchange. In this example, we’ll be using Coinbase, but many exchanges allow you to purchase MIR.
To purchase SOL using Coinbase:
Important Note: there can be a seven-day withdrawal period between depositing your funds and being able to withdraw them!
Send your SOL to your wallet
Once the waiting period has expired, it’s time to send SOL to your wallet.
To send SOL from a centralized exchange to your Phantom Wallet:
Stake SOL via Marinade to get mSOL
Now that you’ve got SOL in your wallet, it’s time to put it to use.
There are many places where you have the opportunity to stake your Solana (including from your own wallet), but one of the most optimal solutions is to use Marinade.finance.
To stake using Marinade:
When you’d eventually like to unstake from Marinade, you have two options:
Start your journey to whale status with Orca
Now that you have mSOL, you are ready to use it to generate more yield!
There are three commonly used platforms on Solana that you can use to enter liquidity pools: Raydium, Saber, and Orca. Raydium was the first AMM on Solana, Saber is a stable coin exchange, and Orca is a user-friendly DEX.
Thanks to its ease and because of current yield opportunities, we will be using Orca.
To use your mSOL on Orca:
That’s it — you’ve officially completed the Solana Scavenger Hunt. Let the world know by tweeting it out and tagging @FlipsideCrypto
Tweet your dashboard and tag @flipsidecrypto Example tweet: Here’s my @flipsidecrypto scavenger hunt! #flipsidetophunts
Share your tweet in the "Solana-hunts” discord channel
Enter your information here: https://flipsidecrypto.xyz/drops
🆘 Getting stuck? Reach out to us in Discord! We’ll be happy to help you with this step.
Congratulations, sun chasers - and welcome once again to the Solana ecosystem! 🎉
If you have claimed a spot and would like to submit your work log in below!