• 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

JASMY Chart Shows Signs of Trend Change

chest

The JASMY price chart indicates a potential shift in market behavior, with buyers stepping in earlier and forming a base above previous resistance.

user avatarAyman Ben Youssef

BNY Mellon Introduces Tokenized Deposits for Institutional Investors

chest

BNY Mellon introduces tokenized deposits for institutional investors, allowing them to mirror client deposit balances onchain through its Digital Assets platform.

user avatarTando Nkube

Walmart to Expand Drone Delivery Service Nationwide

chest

Walmart plans to significantly expand its drone delivery service to over 270 locations by 2027.

user avatarKofi Adjeman

Pepeto Offers Zero Fee Swaps to Enhance Retail Trading Strategies

chest

Pepeto's zero fee swaps facilitate easier execution of trading strategies for retail investors, making active management more viable.

user avatarSatoshi Nakamura

Pepeto Streamlines Research for Retail Traders with Verified Infrastructure

chest

Pepeto streamlines research for retail traders by providing verified infrastructure and security audits, enabling confident investment decisions.

user avatarNguyen Van Long

BONK Maintains Community Engagement in Meme Ecosystem

chest

BONK has established a durable presence in the Solana ecosystem through strong community engagement.

user avatarRajesh Kumar

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.