Understanding Meteor Pools in Solana: Liquidity Mining and Token Bridging

uh welcome to the episode 73 so today's episode we're going to be talking about the meteor pools in Solana uh and why uh

liquidity fing in in Solana especially for the new tokens that get launched is different from the liquidity forming or

the liquidity options that we've seen in the other blockchain so I I've been making uh passive income videos using

liquidity mining using decentralized Finance for uh almost two years now 2 plus years now today we'll talk about

the Solana Meteora pool options and how it is different from the other blockchains along with that there is a

connected topic which is basically bridging one of the tokens from injective which is a mem token q& for

injective qu and we'll talk about the success of the q&t token as well as how to bridge it from injective to Solana

and what are the benefits and advantages if you're are bridging it from injector to Solana and we'll probably do a full

demo in the video and uh after bridging it you know what can we do with the q& token so as usual

disclaimer warnings I'm not a financial adviser I'm not an investment expert all of these videos I'm doing it just to

share the learning experiences that I've gained over a uh number of years right now so again uh one of the important

points I keep mentioning is never send your money to anyone who calls professional broker investment adviser

all of them are frauds and they'll Target you in emails and comments and they will use sometimes even use my name

never ever send your money or crypto to anyone else it's your your money and you invest it uh I do not have any telegram

groups or closed groups at the moment you know there's a lot of misinformation that can easily be spread in a Clos

group like a WhatsApp group or telegram group so everything that I post I posted publicly on Twitter and I'm active on

the handle at theate Shen to London I'll give you the links to it if you want to follow me and if you follow my Twitter

account you'll get a lot more updates much quicker and much easier and uh not only me but uh you know all the other

crypto information will get it much faster so before we go into today's video

there's some prerequisite knowledge that I expect you to have then it'll make much more sense in terms of what I'm

talking about so if you have not watched the video it'll be difficult to understand some of the concepts like

decentralized exchange what is liquidity pool what does it mean by providing and removing liquidity fee rewards from

liquidity pools what does a form mean um and what is impermanent loss these are some of the key components or key topics

um that key uh points that we going to be referring back in this video and if you do not understand this it'll be

really difficult and these are at least this is one video that I would suggest um that would give you some basic

knowledge on these Concepts and it's available in both English and Tam so is episode 24 I'll give you the links to

these videos as well I'll give you the links to all of the key blockchain videos that have made but these uh few

videos that I'm going to be referring to will be very important for you to uh watch and then only this video will make

a lot more sense because we'll be referring back to the concepts of liquidity Mining and providing liquidity

and Etc and also uh pre knowledge for um Solana so I have posted about uh um injected blockchain and about the Solana

blockchain so you know what is Solana what is injective blockchain how do you install cap wallet from injective

blockchain transferring funds into injective how do you use injective D apps decentralized applications and same

thing about Solana again you know how do you use Soul flare Phantom wallet how do you transfer fun into Solana using the

decentralized applications on Solana I've done demos on this and I've also briefly introduced what is BM hole

bridge in one of my previous videos so uh again I'll I'll give you the links for these videos so episode 63 is the

video where I have done a full demo of what is injective how do you set up the KLA wallet and how do you actually uh

stake injective on the Capal wallet or on injective blockchain how can you transfer funds into the injective

blockchain from either a centralized exchange or directly getting onto decentralized exchange I've also done uh

a video in episode 68 about how you can set up the uh Solana wallets like you know Soul flare or uh Phantom wallet for

the example the video is available in this video but it's not available in English yet but it'll be quite useful if

you go into the video because in that video I've explained with a demo u in English the content uh is in Tamil but

but the slides are in English which you can make use of it and you can look at the demo which helps you easily

understand if you followed my previous videos you'll be able to easily install Solon wallet soulflow wallet and Phantom

wallet and again in episode 69 I've talked about what is briefly what is warhole bridge in today's video we'll

probably uh be able to uh see it in demo we'll do a we'll use one of the waro bridges and we'll take one token from

one blockchain into the other blockchain but in general we talked about it in the previous videos so again um these are uh

topics that I have touched upon in Twitter in English and I posted detailed uh content the same content that I'm

going to explain today I posted it as a detailed thread in Twitter um you know in October 19 I kind of created a brief

demo but that demo was in uh Tamil so today that demo I'm going to actually translated it in English but the content

of the video has already been posted in English in Twitter and I'll share these links as well in terms of you know what

is a meteor pool and and how you can even on top of meteor pool how you can use automation on metor pool I posted

those as well uh in Twitter before itself now what is the difference between um uh the other blockchains

compared to Sol right and why we need to be using or what is the advantage of using Sol and especially in met report

so you know with some of the other blockchains the volume is significantly different uh in vol as in Sol as

compared to the other uh blockchains and this is a big game changer with regards to liquidity mining so in Sol especially

some of the uh the mean tokens the volume of those tokens exceed the volume of tokens in the other blockchain like

one day volume in Sol can exceed the volume of the whole year in the other blockchains and this is very important

I'll show you with an example as to why this is important uh and also the fees is very less so you can actually trade

with even much lesser fees so compare a scenario one where you're providing a liquidity of $100 and if the volume in

the whole year is about $10,000 if you're the only person that is providing the liquidity and the fees is 1% then

the total fees is $100 and your fees is also $100 so you provide a liquidity of $100 on the 1 person fees the volume of$

10,000 you get $100 apy is $100 so in one year you put $100 you got $100 in fee

AP is $100 if there are 50 people in the same scenario if there are 50 people then of that $100 you will only get $2

let's say equally everyone is provided equal liquidity right so then you will get only $2 means the API is only 2% so

in one year out of the $100 you provided you will get only $2 so for you to get that $100 in fees like we did in

scenario one if there are 50 people and the volume needs to then go up to $500,000 so uh it needs to go up by that

many number of times as many number of people are there so the volume needs to be $500,000 for you to get or the total

fees to be $5,000 and for the 50 people to then get $100 each so that API can still remain at 100% so here you can

understand the volume is really important if the volume had stayed as equivalent in the scenario one in

scenario 2 then you are your rewards would have dropped from you know what it could be $100 to about $2 so this is

which is what you see in typical blockchains you see scenario 2 and the scenario 3 the last one is supposed to

be scenario 3 that's a small type so that is why the the uh volume is important but what the other blockchains

do to compensate for this is they have the farming rewards so we spoken about in episode 25 for example we spoke spoke

about pancakes F and uh we've spoken about VVS Finance we spoken about Dojo so what these uh blockchains or what

these Dex platforms do is they have f fing rewards on top of the fee rewards so you provide Equity take that like LP

token and then you farm it in another uh Farm which will then give you a VVS token or a cake token or a doer token

which is basically uh their own token and it can have uh depreciation of the of the price over a period of time

because of the um excessive uh quantity that gets produced on a daily basis inflationary mechanism of these tokens

the while the the available token will will keep going up which means that uh we need to do something like a mercenary

forming technique where you have to harvest those rewards on a daily basis in VVS or cake or dojo and convert it

into usdt or you know whatever tokens you want but in Solana if you provide a token as say let's say render andall if

you provide liquidity the the rewards that the fee rewards that you'll get will be in render and Sol which means

that you're not getting it in you know a farm token which is going to be inflationary you are actually getting

the rewards in the same token that you provided liquidity so which means that there is no need for us to become like a

mercenary forming technique where you have to harvest it you have to convert it into uh a usdt or a cro or or

whatever uh know token that we providing so you're not being uh affected by an inflationary nature of the Dex platform

itself uh in terms of having to farm for additional liquidity rewards you able to sustain your liquidity using the

liquidity fees itself that is the main difference between and the other blockchains so uh for an example right

you know we consider the option where uh the volume is like you know in one year volume is about

$500,000 where let's say 100 people are provided which means that uh you are getting in in the whole of the year uh

if let's say 100 people are providing and the fees is 0.2% then you'll be getting about $10

now the difference in salana is that the fees can go up to 5% as well so but if we consider even 2% fees uh and in some

of the examples you will see that you know there are multiple options available so but in other blockchains

the fees will be like as low as 0.2% so the same liquidity if you're providing it in Solana and the fees is

2% the volume is going to be in one day it can do like I said the volume that other blockchains achieve in one year

which means that if you provide $100 you could probably get $100 in fees in one day itself this is what I'm going to do

a demo and then you'll see for yourself you know I'll do a live actual demo and you'll be able to see it a few points to

notice that we are going to be mainly talking about in this video about meme tokens and one portion of the token is

going to be in the meme so if that Meme token's value goes up then your trading fee value also goes up as a result but

if the meme token value falls down potentially you'll have a high impermanent loss where everything will

get converted into one meme token and your salana will also fully get it converted into the other meme token so

you do have to monitor it quite regularly and the liquidity when conditions are not favorable right so

there's also one more talk discussion going on that it's not it's not very guaranteed but there is a discussion

going on that there will be a potential add drop at some point for matura uh there's a token called me that met token

that is being proposed again uh there's no conclusive uh guarantee that there will be a so add drop but that is also

another advantage that is being circulated again like I said one big warning again before we go into the

video uh impermanent loss option is very very high so for example if you put $50 of mem token $50 of Solona uh all your

um uh the entire liquidity can get converted the $100 liquidity can get converted into Your Meme token and the

meme token could go to zero so I've always said that you know Meme tokens you know when we spoken about previous

meme tokens meme tokens can easily go to zero so your entire liquidity can go to zero before any trading fees have even

got generated so this is again very very important to pick the tokens based on the stability and I will share what

options I am using to pick the tokens on based on volume social media presence tvl which is total volume lock total

value lock which is very important again this is just my strategy that I'm sharing you can you know adapt a

different strategy based on you know what works for you so what I do is I go to bird eyso then you filter on salana

and you you do explore uh and find gems option and go to most view in this you know some of the parameters that I'm

using is minimum 5 million volume 24hour volume is minimum 5 million and minimum 50,00,000 in total value law which means

that uh uh that many uh people have put in that much of uh total value into liquidity already so liquidity is

already around you know $100,000 and preferably you know you could set a minimum liquidity of

$500,000 already being provided for this token which means that the likelihood of this token going to zero is probably far

lesser a couple of examples that I'm going to be using this video are one is go token

uh which was at 14 million tvl and $145 million 24 volume and next the other one is AI cry not which is$ 34 $300,000 tvl

and about $9 million is 30X volume right so uh before we go into met pools I want to talk about radium uh which is one of

the decentralized exchanges in salana and for estblished tokens like the render token for example which I've

talked about a lot which is a hodal token um we will be using we should be using rather radium pools and I use

radium pools um for the established tokens like render and Sol so as you can see there's a concentrated liquidity

section and if you can find your token under the concentrated liquid liquidity section of radium this is probably a

better place than meteor pool in terms of volume for the established tokens so for example um my render tokens and my

salon tokens a portion of it I am providing liquidity using the radium option rather than the meteor appol

options for mean tokens is there I will be going into the meteor appol option so uh I go to the liquidity concentrated

click on deposit and you would have seen this in number of examples so you choose the uh you connect the wallet and then

you provide it in equal values in terms of you know Sola render this is a normal liquidity process that uh we do but the

difference here is again the volume and even though the the fees here is 0.25% uh the volume would actually mean

that you will be getting a decent uh liquidity mining fees and we don't need an additional farm for getting any

additional rewards so uh what we'll do is we'll click on connect so you can either use the Phantom wallet or you can

use the soul wallet in this example I've already um I've got already Soul flare wallet install like I said in my video

we are assuming here at this point of time that Soul flare wallet is already installed so now I'm going to uh go to

met pools and met pools uh you can see I'm I'm using one of the examples where uh I've already provided liquidity for

um Ai codde and go here so if I go to the AI cry node and goat uh you can see that uh my unclaimed swap fee is already

showing up so uh I provided around roughly around you know $100 $82 of liquidity so $40 of a and $40 of Solana

and it has generated uh over a period of 24 hours it has generated uh swap fees and uh you can see the unclaimed swap

fees in the token values in terms of Solana and AI cry note now in the recent updates that M has done you can see the

dollar value of unclaimed swap view as well uh previously it used to be such that that you have to claim the swap

fees only then you will be able to see the dollar equivalent value of the fees that are in unclaimed position so till

you claim it you will not be able to see it so at the moment you can see that uh the pool has got about 30,000 or more or

less 90% isn't already in the meme token and there's only about 01 so left in the uh liquidity pool position perspective

but if I claim the fees um and after you know uh a few seconds of claiming so it'll say executing transactions and

then once transaction is completed uh for a first few seconds it will not reflect but if you wait for a few

seconds that claimed positions dollar value will then start reflecting so as you can see in 24 hours the fee that I

have claimed using this liquidity is about know $82 roughly uh but the meme value meme tokens value keeps going down

so as the total liquidity value which was showing at $82 when the refresh has happened you can see the value has

actually now come down with the regards to the value of a gr so what I'm going to do now is I'm going to go to swap and

the meme token that Meme token portion that I've claimed I'm going to convert that also into Solana so that you know

uh if the meme tokens value goes down any further at least the fees that I have claimed I able to now convert it

fully into Sol and the total fees that I've claimed is now safe enough that it is fully $82 of fees that I've collected

has now been fully converted into Solana which I can then the total investment that I made I've actually recovered in a

period of 24 hours and the some portion or majority of the portion of the investment is still

remaining the go token as you can see it's in orange color it's not in green color which indicates it has been fully

converted from one position to the other position in terms of AI CR note it got converted into the meme token but here

goat's value has gone up and so the goat tokens had been fully converted to Solana and I can click on uh claim fees

and you can see that the fees will get claimed but um even though I provided let's say $250 of liquidity um I have

probably got you know roughly around know 40 to about $60 to $70 in liquidity and the liquidity mining has stopped

because one portion has fully got converted into the other token so only when you have at least some portion of

one of the token left uh when we we add position We'll add 5050 percentage but right now because everything has been

converted into one side token if it is not in green that means that it is no longer generating any liquidity so the

goat position or the goat liquidity is no longer generating any liquidity for me and so uh that you can see when you

click on it you'll be able to see whether it's going into the meme token position or whether it has going into

the uh the Sol position or the uh whatever the other side of token that you're providing so right now uh what I

can do is I can go to smap and I can select the the go tokens and I can see it's about $44 so I'm going to I can

swap it to the Sol tokens now the one thing to notice the the value of the token can either go up or down so in in

this case you know the token that I'm swapping goat uh was around 40 cents or 50 cents which is why 100 goat tokens

was about $44 but the go tokens value from October to November had gone up nearly $1 so that if I had not swapped

would have been around U roughly you $100 plus so as I said b.so and go to find gems explore find gems and uh I use

the most viewed option in fine uh gems uh tab so here uh if you click on the the most VI then you can then uh look at

uh the volume 24hour volume and the tvl in one page and it'll show you the top 15 or 20 trending tokens so as you can

see uh the goat token is on the top uh it's got about you know $14 million in terms of the tvl and a c not is sitting

here it's about $300,000 in tvl and it's about $9 million in the uh 24hour volume which is the 30 times difference that I

was talking about earlier when we started this demo right so that is one reason why I had picked it up so it's

kind of fitting into my parameter of you know above 100,000 in terms of tvl and uh above $5 million in terms of the

total volume uh 24hour volume right so which is which means that it's about 30 times the uh tvl is being traded and

which means that whatever liquidity you're providing you are expecting more uh fees out of it because the higher the

ratio of tvl to the 24hour volume the higher the fees is going to be for the liquidity that you are going to provide

this is what we have explained using the examples as well so again but if you see the price uh for AI gr node in the last

24 hours it has dropped about 34% whereas goat in the last 24 hours it has gone up by about 75% which is why

the go tokens were fully converted into Solana and as you can see uh $14 million is the tvl and $150 million is the

24-hour volume so about 10 times the total volume or total value lock has been the uh 24-hour volume there are

some tokens as you can see it's like you know the volume as well as the total value locked is very very less so these

are highrisk tokens and and very easy that it can actually go to zero because the total value lock is very negligible

as compared to the other tokens that we've just seen and the volume is also not that great so even though it's a

number one trending token the parameters that you need to be I mean I see at least is the total value logged on the

24hour volume not the parameter which is saying you know whether it's the number one trending tokens that could be bought

activity which is actually increasing why the token has gone to number one so gcat was not one of the tokens that I

would have provided liquidity for in that scenario now menusa is another token that I provided liquidity on and

as you can see the the 24hour volume um compared to the tvl lock is also higher for Medusa as well right so what we'll

be doing in this video now is we'll take this token and we'll provide liquidity we provide new liquidity and show you

you know how uh liquidity can be provided so go to meteor pools copy the uh the the uh token address and go to

the metor pool under dmmm uh Dynamic liquidity and select the option which is giving you the highest 24hour uh fees

per tvl so uh the top one gives me the highest 24hour fees so selected it and I go to swap and I can uh swap here itself

I can connect the uh the uh wallet here in Materia pools itself and I can swap here itself I can swap my Solana to

Medusa token here itself on the uh medor pool or I can go into another decentralized uh um exchange like

Jupiter for example and swap it there but right now I have the option to swap so I'm actually swapping about you know

uh $ 20 $25 roughly about 0.15 Sol I'm draw I'm converting it it is now got converted into Medusa so now click on

ADD position and I click on Max and if you use the autofill option the Solana will automatically be the amount of Sol

will automatically be filled up now to provide the liquidity to create the position you need about 06 Sol as fees

and which is refundable so when you create the position over and above the Sol that you're providing to to add to

the liquidity there is also an additional Sol of 06 that is needed so if you have uh if you don't have 06 left

in the uh wallet then it will not be possible to add liquidity so make sure that you have at least 02 Solana left in

the wallet over and above the Solana that you are adding to create the liquidity so now I clicked on ADD

liquidity and it sometimes it takes about 5 6 seconds sometimes take about 10 seconds as well and transaction if it

fails you just need to keep retrying the transaction because uh there's always a congestion option again immediately

after providing liquidity when transaction status is completed if nothing appears on the screen uh don't

worry because once the transaction is completed for your screen to refresh it could take like you know up to a minute

sometimes so now you can see the liquidity has been provided and your Medusa and Sola balance is displayed and

if you uh you know keep looking at it after a few minutes you can start to see the slowly depending upon the volume you

can start to see slowly the U fees starts increasing now um one of the things with

regards to uh the the meme tokens is that you will find liquidity is there in uh in Radium as well but not under the

concentrated section but under the standard section so even though it is saying the APR is 2498 for more than a

day I've given liquidity of let's say $45 and I can't see any rewards being uh harvested or any rewards being aced so

providing liquidity on on uh radium pools is not a good option for meme tokens foras for established tokens that

is a great option the same liquidity when I provide it in material PO for the same token toen even though the volume

is showing as higher on a radium pool and the APR is showing higher on a radium pool we are not getting any

benefits or at least I have not seen fees being generated on the standard pools of uh radium whereas in uh meta

you will immediately start to see the uh fees getting generated now the Medusa uh pool option that we've just added you

can start to see the fees is already started getting generated so that is as as easy as uh adding liquidity and you

can start looking at the fees that is getting generated again with all the warnings that you know the token prices

fluctuate very very rapidly which means that your tokens can either go to one side which is Solana or the tokens could

go to the meme token itself if it goes to Solana it's fine at least your know because the Solana price is more or less

stable or keeps going up in this uh cycle but if it goes to the meme token and the meme token can actually go to

zero value that is one thing that we need to uh keep mindful of so again you know there is no hard and fast

tool as to how often you need to keep uh harvesting your rewards but you know I would say you know once you make like 20

to $30 you can probably start harvesting it and uh it's also a good idea in my opinion uh I which is what I do to

convert the uh the meme token portion of the feast like for example if Medusa I can convert the meme token portion of

the Medusa into Solana so that at least one side of the U uh free Fe is I mean the fees that you are earning uh is

protected in terms of Solona it's like converting it into USD it's almost like the concept of what we do with regards

to the um uh VVS token or cake token for example now um like I said the three tokens that I talked about in this video

goat Ai kode and uh the Meda tokens uh over a period of one month uh the the goat token price had actually doubled so

you know that that uh 100 uh tokens that I had got for go if I kept it and not sold it I mean instead of $40 that I

converted it would be $90 now but AI cryo price had remained pretty much the same so there was not much of a risk but

the last token Medusa token that we were demonstrating for the demo purposes that had lost about 90% of the value it was

about 9 and it's now about 90% less at7 so if this had happened the time

when you were providing liquidity then you could have pretty much lost the entire liquidity that you provided so

again that's the balance of the risk there okay so now we talk about the Q token uh and uh this is from the project

of injected qus now if you've been following me uh on Twitter and and all the social media post back in Feb I

posted about the uh qu token uh sale and at that point of time this token s was on Meo finance and it was from February

22nd to February 26 it lasted for 4 days where you could have actually uh put some amount in and you could have got

the co token now Co token immediately after the sale got completed on the 26th of February uh it pumped nearly about 60

times the price and it stayed about 30 times the price uh and even at that point of time it posted saying the price

has actually jumped about 60 times and it's still staying at about 30 times and I did uh take some profits at that point

itself immediately I had taken some profits and I did post about it saying that I had taken about 30% roughly I had

taken profits out of it because it had gone up nearly you know 60 times and and it even at the minimum profit levels it

was staying at about 30 times the profit now I call this the most successful launch ever on the injective ecosystem

the reason is uh injective coins as an NF itself was given free to anyone who bought the first injector which was

premiers I think we've talked about it on episode 65 in terms of the the nft itself but the co token was a gated sale

for anyone who own the injected Co nft on 22nd of February if you had the nft then you will be able to participate in

the sale depending upon how many nfts you have you'll be able to put that much amount into the um uh the nft or into

the token uh purchase or the the launch uh option so nft uh if you never owned the nft or if you never got it free like

me then you could have still bought the nft which I what I explained during those days but the nft price was really

high it's about 14 at that point of time which meant that um at that price on on that day's price you probably needed

about $550 as an entry point itself to get into the token launch so um in fact

these token price launches probably led the inj recovery to about $50 of the point of time Point price on launch was

0012 and price today when I made this video last week it was about 029 which is a 240x increase at that point of time

but because of the over subscription uh for every nft holder they were allowed only about they were allocated only

about 6.7 even if you put $100 you were allocated only about $6.7 rest of the money was uh returned back and this was

allocated in the form of Q tokens and q& inj tokens inj liquidity Cod tokens so the the number of q&t tokens were

allocated was 28,000 per nft and the lp tokens that were given was 22.57380 point2 cents but when I made

the video last week it was almost touching an all-time high of 0.03 3 cents and the liquidity pool

option was about $ 6.62 so that 6 $7 if you had participated in the launch um for it was available for 4 days and had

you put in you know even $10 into it you would have being allocated $6.7 for every nft that you had held so for this

what is the current return of investment right so the 28,000 q&t tokens at today's price would be about

$812 and the 22 uh LP tokens had you not withdrawn your LP you know it's currently worth about $

6.62 which means that that's another1 $49 if you had withdrawn it and converted everything into q& tokens then

it would have mean even more higher but if you keep it at that level then the current value is about

$961 and assuming the fact that we spent about $6.7 and converting it into $961 that is

about know 4,349 per which is 140 times the overall return of investment for the Qin token I

don't think there's any other token that had done as well as the Q token and again not only that um on over

and above these you know token prices and everything that we talking about uh injector Quant you know still kept

giving uh more and more add drops for Premier ninjas holders injective coins holders and other ecosystem holders and

so the total number of tokens that they had provided just by holding uh qry tokens or the injector Quant nfts were

even higher so you know you probably can assume that you know another uh at least $100 or $200 worth of q& was provided

free of cost because there was about $18 per nft uh at that point of time but that 2,000 uh q&t tokens would be worth

at the price that uh you know we were talking about in the video 3 cents it would have been worth about $60 so again

this is why while the main tokens you know still remain the main focus the return of investment sometimes from

these meme tokens the add drops for nfts could be significantly higher so slowly uh q&t token had been rising and um even

though there's probably a retrace at this point of time when I'm making the video on 30th of November uh the

expectation is that on the long run injective significant uh when injector goes on a significant run the q& tokens

or all the ecosystem tokens go could also potentially go on a run so um in back in you know August

September I had posted about the D5 opportunities on injective itself so on on mof finance which is one of the

decentralized exchanges of injective ecosystem injective blockchain uh I posted that you could provide liquidity

for injective q& and there was a farm that was there because the fee itself wasn't as rewarding there was a farm

that was created by Meto finance that f is no longer there so there's no APR being generated on injective ecosystem

right now but if you provideed liquidity for injective and quent uh then MTO Finance provid Ed a farm where they

providing rewards in the form of injective Quant itself or in the form of Quant Quant token itself so that AP at

that point of time was nearly 100% because uh providing about roughly 200 $2,300 of liquidity uh over a period of

two months heed about $230 now let's compare that to Solana in a in a few minutes but before that uh let's talk

about the idea that uh q&t token uh injected qu had proposed late in October say

that um they were trying to bridge using warm hole they were trying to bridge the q& token from injector into Solana again

the uh the summary was same token and there'll be no new tokens that are getting created it's using Wormhole

Bridge which means the total Supply will remain the same injector will still remain the home uh but they were trying

to use the Solana's higher volume and higher arage and bring the trading fees back into injective so they also um as a

community token they also asked for like you know uh Solona donations and I thought it was a really good idea and

something different that an injective ecosystem token or injective ecosystem project was doing so I immediately sent

one Sol in today's value it's about $250 worth of uh token I I also contributed like me many others had contributed

small uh values into this this idea I think you know one of the reasons probably injected qu wanted to do this

was they wanted more people to own the idea itself of bridging to Solana so they collected about roughly about 200

solanas about $50,000 uh they collected as as donations uh or you know um people pitching into the idea to say that yes

you know we would like to try this idea and see how it works which is again one of the reasons because you know I was

West I was putting my funds into it probably the first time that I had done something like this where I had

contributed funds into a a decentralized project asking for funds from the users um which is again one of the reasons I

was you know constantly providing updates to say that you know I was eagerly waiting for the Quin token

bridge to happen to Sal and also try and see if providing liquidity in meteor pools like I had explained if I'm

getting same kind of results that I'm getting from the normal Solana mean tokens finally um on on 22nd of November

the bridge was open and I on Twitter I immediately shared my initial feedback within a few uh minutes or probably you

know just an hour of the bridge being open I provided I I um used the bridge option and I provided my initial

feedback that you know bridging experience was great but I also provided my you know small concerns that you know

what if the volume dies back you know um that was one of my main concerns but you know if the volume stayed I was just

expecting that uh the the options that we had seen in metor would fully materialize for the current token itself

but at least for the first day I was expecting the volume to be significantly higher so I wanted to have the bridge

experience and and Bridge it into salana and provide liquidity and see how it goes with regards to providing liquidity

so um now that you got the concept of what injective qu token was and the advantage of going to Solon and the fee

options that are available in Solana now we'll probably what we'll do is we'll do a demo of bridging from injector into

Solana add the uh Quant token into a Mata pool in Solana blockchain and we'll see how much fees gets generated

depending upon the volume now one advice one uh disclaimer is that when we made this video that was the first days the

volume was really higher the volume has significantly died down but before we do that let's just make let's just throw

some questions which will get answered in this video because these are the questions that I kept getting asked if

I'm a qent token holder how does this benefit me and what happens if I don't Bridge what am I missing if I don't

Bridge right so these are the questions that I Tred to answer in the demo and again this needed this context to bring

it into light so you go to bridge. inc. Network mbridge I'll give you the link uh for all of this in the video

description and uh not just q&t token but in a few other tokens were also enabled but probably only q& token had

as much as a connect uh at least on the first day uh unfortunately it doesn't recognize Soul flare so you probably

need a Fantom wallet so even though I had Soul flare uh the injector Bridge currently does not um recognize or

connect to Sol flare so it asked me to install Phantom so I had to install Phantom on the uh um browsers where I

only had soulare for example or I had to use a phantom option but the the download install Phantom option is given

there so again Phantom is just another wallet just very similar to Soul F so I've got 2,000 uh injective Co in this

uh demo wallet here and so what I'll do is uh I'll make sure that I've got both the injective uh ecosystem and the solar

ecosystem connected and I've got about $80 worth of um Solana here and about 2,000 Quant here which is roughly about

$60 so now I'll go to the bridge and I will uh I I'll initially do a refresh because if you've never had Phantom uh

you probably need to do a refresh so that it can recognize Phantom and it can connect to Phantom so you'll connect to

both the KLA wallet for injector and you'll also connect to the Phantom wallet for Solon so you're connecting to

two wallets so one wallet is Kepler for injective another wallet is phantom for Solana that is how you'll be able to

bridge from injective into Sol now as soon as I connected it is showing my 2,000 uh injective con tokens it is

showing it in the in the bridge option um so what I'm going to just check is that I'm going to just check the the

Solon address is the same as what is mentioned in the receiver uh and just making sure that the address is exactly

the same now I'm going to select uh 2,000 tokens uh fully here I've got 2,000 tokens on on my uh injected wallet

I'm going to select all 2,000 tokens I'm going to click on transfer now uh it ask for about four or five approvals and

small fees in all of the approval stages overall I think the total uh fees was roughly around you know uh less than 50

cents but I just wanted to show you the number of times that it asks for for a bridge like this the number of times

that it asks for uh fee transaction so um first time it asks for like 02 Sol uh click on confirm and I'm I'm pretty much

I recorded this in real time with the time option there so you can understand how quickly the whole bridging

experience uh is is is uh completed because sometimes ethereum bridging for example can take up to 30 minutes uh

even so I wanted to show the warm hole option how fast the warhole option in terms of bridging from injective into

Sol and you can do the other side as well you can bring from Solana into injective as well so again uh this is

the second time that is asking for a fee and even though the network fee is very less the Solana fees was originally 02

now it is again 01 um again it is asking for a third typ is asking for a network fees but Network

fees is kind of negligible it is like less than 01 cents I would say so uh so far I've given three approvals and all

three approvals has been on the Solona wallet now again it asked 02 so in total it is so far as for 05 Sol I would say

um and there been three approvals now the final approval or hopefully the final approval the fourth approval where

it is uh saying that 2,000 q& tokens is going to get added to my Solona uh wallet or the Phantom wallet so I click

on confirm and so far all the four approvals that I've done have been on the Phantom wallet I've been on the uh

Solona side so finally when all the uh wallet transfers I mean wallet approvals have complete after four approvals my

tokens will then get transferred from injector into Solana so now I go to the b.so I can look at the the Solana

contract and Solana's token name in um b.so is q& token but with a bracket of warhole token so which means that it's a

bridge token which we'll be able to uh see and you can see the price is almost going at the same rate as compared to

the injective option there's not too much of a variation in terms of the Arbitrage so I go to the metor pool

again I'll give the link to this as well so I can see that there is about $3,500 already tvl provided and there is uh

decent volume that is building up so I click on connect on the um uh Phantom wallet um because I have used I have

actually transferred the q& tokens to Phantom wallets here so previously we were using soulare wallet just to say so

now I go to the uh the pull option and I go down and I click on um uh as usual like what we have done click on the add

liquidity so my q& token balance should appear here uh from the bridged q& token and my Solana balance is appearing now

I'll just provide half the q& token so even though you can Bridge 2,000 tokens you don't need to provide liquidity for

all of it uh I'm just showing this as an example that you can provide liquidity for whatever uh quantity that you want

to provide liquidity for there's no need for you to provide liquidity on the entire rate this applies to all meme

tokens not just q& and I just compare the price because the price is showing in Sol I just compare the price to what

is there in B.O making sure that it's not too different from the b.so price so uh finally I click on uh add liquidity

and as I said the Solana needed to create a position the refundable Solana need to create a position is about 06

Sol and once you close the position that refundable option that refundable Sol will get refunded to you so even though

the Sol that I'm providing liquidity for is only 0.13 for the uh the the uh 06 added to it I'm

providing roughly around 0.19 to Solona and q& tokens I'm I'm providing about 1,000 q& tokens so again it takes about

a few seconds and the uh Solana liquidity U the liquidity for q& tokens to Solon has been completed and like I

said before in my previous example it takes a few seconds for your uh liquidity to appear here so immediately

after providing liquidity if it doesn't appear here uh you know don't get uh tensed but it just takes a few seconds

for the dollar value to start appearing in your in your liquidity section so um now as you can see the liquidity is

appearing and your current balance uh is starting to appear immediately after providing the liquidity you can see the

unclaimed swap fee has started generating that is because the volume on that day was quite good there was decent

volume that was going on so um if the volume dies down then you will not see unclaimed swap fees or you will not see

the swap Fe being increasing but as you can see $60 that we provided and immediately after providing within a few

seconds 4 cents of swap fees got generated position that I've just to show a demo of how a new position would

look like now um I will show you overnight what had happened uh for the Q token position that I had provided in

one of my other wallets so um I'll just switch to the other wallet where I already provided

the q& and Solana position and we'll see how much fees has been generated in a 24-hour period so here I provided

roughly around $700 and as you can see um so far I've collected about $160 and you can also see the unclaim

spap Fe the difference between the previous demo and this demo is that over a period of time Mia has done this uh um

Improvement where even unclaimed swap fees dollar value is also visible to you so now I click on claim all fees and uh

once the transaction gets completed that unclaimed swap fee will then now get the dollar values will then get added to the

fees earned or the claim section so roughly about $200 of fees has been claimed over a $700 uh liquidity that

are provided in a 24hour period now if you remember in MTO Finance over a period of 2 months for about three times

the liquidity about $2,300 we were able to generate about $200 in fees um in 2 months but in 24s

in one day uh because of the volume and because of the Solona ecosystem being able to you know provide this get this

fees back to you using Materia as one of the decentralized applications we were able to generate this in fees itself

without any incentivized liquidity Farms using almost onethird of the liquidity so that is the advantage here now uh

part of the liquidity part of the fees that we've claimed obviously it will be in Solana part of the fees that we've

claimed obviously will be in new entry tokens so if you want we can convert that position

convert the q& tokens into Sola immediately or we can leave it in the other uh token if you want to so again

this is just a demo of how to provide new liquidity what were the options now I do not um recommend going and

providing q& um liquidity High q& liquidity to this point because the volume had significantly died down after

I had made this video but the whole concept was the first 24 hours was always going to be useful and and how to

make uh Advantage I mean how to take advantage of when a new token in a new token there is enough support moving

into Solana because I expect lot of other projects will probably try and copy this and this is probably what

you're going to see at least in the first 24 hours where you'll be able to take advantage of the high fees that get

generated now q& project itself has probably provided about $150,000 using the community uh fees that they

collected or the community inputs that they've collected and so if with $700 if I was able to make $200 then the Quint

token uh ecosystem or the project team itself would have made higher fees on the first 24 hours and they brought back

that uh fees into injective and they burned some q&t tokens expecting to have a price increase so all this were

basically momentum uh in increase options or something different that the project team wanted to do so this was

the advantage if you had if you had been a q&t holder and if you don't Bridge nothing happens you know your injective

tokens are uh your q&t tokens are safe in the injective blockchain you are not uh that is not going to go away there's

no loss of funds for you on the injective ecosystem what you will miss out if you don't bridge is that in the

first 24 hours as you can see I was able to earn about you know $200 out of a um $700 uh liquidity that I provided my

liquidity is also safe and I was able to get about $200 return in 24 hours which is what I was explaining in Twitter and

I just wanted to make the video so it's clearer as to what are the opportunities out there to uh earn these F fees in the

Solona ecosystem and as compared to injective or the other blockchains you know how uh how much time it takes to

earn the same amount of rewards that we earning in the other blockchains hopefully the video was

useful to you uh until next time thanks bye