Sonic Labs Unveils an Innovative Points Program to Boost DeFi and User Engagement

Sonic Labs Introduces an Innovative Points Program

Sonic Labs, based in George Town, Cayman Islands, has officially unveiled a new points program designed to reward users and stimulate growth in the Decentralized Finance (DeFi) sector. The program employs a multi-layered approach that integrates passive asset holding and active liquidity deployment.

Three Types of Points Available

• Passive Points: Earned by holding whitelisted assets in Web3 wallets.
• Activity Points: Gained by deploying these assets on participating apps.
• App Points (Sonic Gems): Provided to apps competing to foster user engagement.

Whitelisted Assets and Incentives

Users must choose from an initial list of whitelisted assets such as scUSD and USDC.e. The points program encourages rapid adoption, offering boosted multipliers on assets in early phases.

Rings: Enhancing Liquidity

Another critical component is the Rings protocol, allowing users to mint scUSD or scETH and infusing DeFi apps with liquidity. This contributes to a healthier DeFi ecosystem.

Dashboard for User Engagement

The Sonic points dashboard provides a central hub for users to manage their points and track their rewards in real-time.

Conclusion

The Sonic Points program exemplifies Sonic Labs's dedication to creating robust opportunities for DeFi enthusiasts and developers. This initiative not only enhances user rewards but also drives deeper liquidity in the market.