• 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

Analysts Warn of Potential Bear Market Despite Price Rebound

chest

Crypto analysts warn that a bear market bottom has likely not formed, despite recent price rebounds in Bitcoin, Ethereum, and Dogecoin.

user avatarLucas Weissmann

US-Iran War Continues to Impact Cryptocurrency Prices

chest

The ongoing US-Iran war is causing significant volatility in the cryptocurrency market, particularly affecting Bitcoin, Ethereum, and Dogecoin prices.

user avatarFilippo Romano

Sterling Crispin Unveils Prediction Market Bot

chest

Engineer Sterling Crispin has launched a prediction market bot that automatically purchases 'No' on every nonsports market found on Polymarket.

user avatarEmily Carter

Crispin's Bot Implements Targeted Trading Strategy

chest

Sterling Crispin's prediction market bot uses specific filters to enhance its trading strategy, focusing on nonsports markets and purchasing 'No' when the best ask is below 0.65.

user avatarTomas Novak

AI Models Struggle in Betting Challenge, Resulting in Major Losses

chest

Eight leading AI models, including Claude and GPT54, were tested in a betting strategy challenge for the 2023-24 English Premier League season, resulting in significant losses and bankruptcies.

user avatarKaterina Papadopoulou

X Launches New Crypto Cashtags Feature

chest

X has launched a new feature called Cashtags, enhancing crypto and market infrastructure with token discovery, price charts, and trading functionality directly in the app.

user avatarMaya Lundqvist

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.