• 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

Iran-Israel Conflict Accelerates Shift to Petroyuan

chest

The ongoing Iran-Israel conflict is impacting the US dollar's dominance, with Iran allowing oil payments in yuan, potentially leading to the rise of the petroyuan.

user avatarBayarjavkhlan Ganbaatar

Rycroft Review Proposes Capping Overseas Donations to Political Parties

chest

The Rycroft review recommends capping overseas donations from UK citizens living abroad at £100,000 per year to regulate foreign financial influence in UK politics.

user avatarElias Mukuru

Reform UK Protests Against Cryptocurrency Donation Ban

chest

Reform UK members protested against the cryptocurrency donation ban by walking out of Parliament, criticizing the government's stance on crypto.

user avatarMohamed Farouk

UK Government Bans Cryptocurrency Donations to Political Parties

chest

UK Prime Minister Keir Starmer announces a ban on cryptocurrency donations to political parties following a review into foreign financial influence.

user avatarDiego Alvarez

Trump Appoints Tech Leaders to Presidents Council of Advisors on Science and Technology

chest

President Trump has appointed notable tech leaders to the Presidents Council of Advisors on Science and Technology.

user avatarKenji Takahashi

Bank of America Reinstates Buy Rating for Oracle Stock

chest

On March 24, Bank of America analyst Tal Liani reinstated a Buy rating for Oracle stock with a price target of $200, indicating a potential upside of 30%.

user avatarMaria Fernandez

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.