Sonic SVM, the first Solana Layer 2, announces a token airdrop for Solayer users, recognizing their loyalty and contribution to the evolving restaking ecosystem.
Sonic SVM Launch and Airdrop Details
Sonic SVM, as the first Solana Virtual Machine chain, prepares for a token airdrop to be distributed among users who delegate their SOL or Liquid Staking Tokens to the Actively Validated Service (AVS) by Sonic on Solayer. A snapshot to guarantee entitlement to the airdrop will be made before the planned Token Generation Event (TGE) in Q1 2025. This offer also covers users participating through Solayer protocols like Adrastea, a cutting-edge liquid restaking protocol.
Collaboration of Sonic and Solayer
With over $80 million in SOL delegated by more than 81,000 unique users, Sonic has become the largest Actively Validated Service on Solayer. Solayer in turn showcases growth with over $360 million in Total Value Locked (TVL) and increasing adoption in the DeFi ecosystem. The synergy allows liquidity provision through Liquid Restaking Tokens, usable on platforms like Banx, Orca, and Meteora.
Future of Restaking in Solana
The airdrop announcement comes at a pivotal moment for the Solana ecosystem: the market capitalization of liquid staking tokens (LSTs) exceeds $2 billion. By integrating rewards with Solayer and Adrastea platforms, Sonic simplifies for delegators the process of tracking their contributions and reaping rewards.
Sonic's airdrop announcement not only signifies the importance of restaking but also extends support by offering participants tangible incentives to interact and support the growing ecosystem.
