• 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

XRP Australia 2026 Event to Foster Blockchain Innovation

chest

The XRP Australia 2026 event aims to bring builders together for a 24-hour sprint focused on developing real-world applications on the XRPL.

user avatarLi Weicheng

Analyst Highlights Importance of LTC/BTC Pair for Litecoin's Future

chest

Crypto analyst CryptoWzrd highlights the importance of the LTC/BTC pair for Litecoin's future, emphasizing the need for bullish sentiment and a strong daily candle to confirm a breakout.

user avatarAisha Farooq

Litecoin Shows Bullish Momentum as Price Approaches Key Resistance

chest

Litecoin closed the daily session positively, indicating short-term bullish momentum as it approaches a significant resistance level at 57.

user avatarTenzin Dorje

Bitcoin Faces Continued Downward Pressure Amid Market Instability

chest

Bitcoin has struggled to reclaim key resistance levels, hovering around the 69,000 price region amidst bearish market sentiment.

user avatarMohamed Farouk

CEO of Praetorian Group International Sentenced to 20 Years for Ponzi Scheme

chest

CEO of Praetorian Group International sentenced to 20 years for operating a large-scale Ponzi scheme that defrauded investors of over $627 million.

user avatarElias Mukuru

Bitcoin Whales Face Significant Unrealized Losses Amid Bear Market

chest

Bitcoin whales are facing significant unrealized losses due to the ongoing bear market, which may lead to further price declines.

user avatarBayarjavkhlan Ganbaatar

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.