• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Sonic Labs' New Reward Program for DeFi Users

user avatar

by Giorgi Kostiuk

a year ago

Sonic Labs announced the launch of an innovative incentive program to promote the growth of DeFi on the Sonic platform, distributing 200 million S tokens through an airdrop.

Types of Points Accumulation

The Sonic Points program offers three types of points accumulation. Passive points are earned by holding assets in Web3 wallets. Active points are gained by deploying assets as liquidity on apps like DEXs and lending protocols. Sonic Gems cater to developers, where apps compete for Sonic Gems to distribute S tokens to users.

Whitelisted Assets

To earn points, users must choose from Sonic's whitelisted assets, such as scUSD, USDC.e, and scETH. Additional assets may be approved in the future.

Liquidity Infusion with Rings

Rings is a third-party protocol for injecting liquidity on Sonic. Stablecoins and ETH-based tokens allow users to earn yields and reinvest them into Sonic for liquidity infusion.

The Sonic Points program highlights Sonic Labs' commitment to driving further liquidity growth and adoption of DeFi. The new program sets standards and positions the platform as a leading DeFi hub.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

India Embraces Local Currencies for Oil Trade with Russia

chest

India has started using local currencies for oil settlements with Russia, marking a shift away from the US dollar.

user avatarTomas Novak

Global Growth Concerns Lead to Downward Revision in Oil Demand Projections

chest

Global growth concerns lead to a downward revision in oil demand projections due to economic challenges.

user avatarKaterina Papadopoulou

Key Asset Classes for a $1 Million Portfolio in 2026

chest

A well-balanced portfolio for high-net-worth investors in 2026 includes global equities, fixed income, alternatives, real estate, commodities, and cash.

user avatarMaya Lundqvist

Bitcoin Now Accepted as Down Payment in Mortgage Market

chest

Bitcoin is now recognized as a legitimate asset in the US mortgage market, allowing it to be used as down payment collateral.

user avatarAisha Farooq

Bitcoin Price Plummets as Pentagon Prepares for Iran

chest

Bitcoin's price fell below $67,000 due to Pentagon's military plans for Iran and Trump's announcement extending the military pause.

user avatarLi Weicheng

MARA Sells Bitcoin to Repurchase Convertible Notes

chest

MARA, a Bitcoin mining company, sold 15,133 BTC for approximately $1.1 billion to repurchase its convertible notes at a 9% discount, raising concerns among Bitcoin enthusiasts.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.