Sonic Labs Launches Innovative Points Program
Sonic Labs Unveils Points Program
Sonic Labs has introduced a groundbreaking points program aimed at rewarding users and fostering DeFi growth on the Sonic platform. The initiative includes a comprehensive incentive framework, offering around 200 million S tokens through an S airdrop, making Sonic a premier destination for DeFi enthusiasts.
Three Types of Points
Passive Points
Users can earn passive points by holding whitelisted assets in Web3 wallets like Rabby or MetaMask. This method encourages users to engage with the ecosystem without depending on centralized exchanges.
Activity Points
Additional points, known as activity points, can be accumulated by deploying whitelisted assets as liquidity on participating apps, such as DEXs and lending protocols. This incentivizes active participation in the network's liquidity.
App Points (Sonic Gems)
A unique aspect of the program is the Sonic Gems, a developer-focused reward where apps compete for S token allocations. Apps can create customized points programs by adjusting factors like liquidity contribution or capital deployment duration, providing users with strategic options for maximizing growth.
Whitelisted Assets and Rings Protocol
To participate, users select from an initial list of whitelisted assets like scUSD, USDC.e, and scETH. These assets have multipliers to encourage quick adoption. The Rings protocol, a yield-bearing stablecoin system, plays a crucial role in Sonic's liquidity strategy, ensuring a stable flow of liquidity to DeFi apps.
Comprehensive Airdrop Dashboard
The Sonic points dashboard offers a centralized platform where users can track their points, engage with participating apps, and generate referral codes. It also features a leaderboard showcasing the points and Gems earned by users and apps.
A New Era for DeFi
Sonic's multi-layered incentive system reflects its commitment to empowering users and developers with diverse opportunities. By integrating passive holding, active liquidity, and Sonic Gems, Sonic Labs sets a new standard for DeFi platforms, enhancing liquidity and adoption.
About Sonic
Sonic is a high-performance EVM L1 platform offering developers robust incentives and infrastructure. With 10,000 TPS and sub-second confirmation times, Sonic provides a secure connection to Ethereum, ensuring enhanced liquidity and asset security.
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