The Sonic blockchain has taken a leap forward toward community development and mainstream adoption with its recent announcement of its highly anticipated airdrop, the introduction of Rings Protocol, and surpassing $250 million in TVL. The new airdrop initiative is designed to reward early adopters and users of Sonic, spark deeper ecosystem growth, and offer users new opportunities to interact with Sonic’s high-performance blockchain.
This report will provide a consolidated overview of the airdrop mechanics, the benefits for both Sonic and its community, and an introduction to Rings — a yield-bearing stablecoin solution.
Why An Airdrop At All?
Airdrops have evolved beyond simple token distributions into strategic tools for driving engagement, fostering network activity, and attracting investment. Initially designed to decentralize token ownership and enhance accessibility, they now serve as a key mechanism for catalyzing user participation and generating valuable on-chain metrics. A well-executed airdrop not only puts tokens into circulation but also acts as a marketing strategy to onboard new users and sustain long-term community growth. However, the challenge lies in ensuring that recipients see lasting value in their rewards rather than immediately liquidating them for short-term gains.
For an airdrop campaign to be effective, it must go beyond mere distribution and focus on community psychology. Projects that align airdrops with shared milestones, membership structures, and meaningful engagement opportunities can transform passive recipients into active contributors. User perception also plays a critical role—airdrops framed as genuine rewards rather than purely transactional incentives foster deeper trust and loyalty. Additionally, unexpected rewards, when paired with transparent communication, can enhance user motivation while reducing token sell-offs. Ultimately, the most successful airdrop strategies prioritize retention and long-term participation, ensuring that recipients remain invested in the project well beyond the initial token claim.
Overview of the Sonic Airdrop
Sonic Labs (the newly rebranded Fantom Foundation) has set aside roughly 200 million native S tokens specifically for this airdrop initiative. The overall objective of the airdrop is to:
- Boost Ecosystem Participation: By distributing tokens widely among early users, Sonic aims to encourage hands-on interaction with its network.
- Reward Loyal Community Members: The airdrop serves as a tangible incentive for those who have supported the project from its testnet phases, as well as for newcomers eager to explore the next generation of Layer 1 blockchain technology.
Why It Helps Sonic
Conducting an airdrop is a simple yet highly effective way to distribute tokens directly to those that have generated a lasting impact and/or brought significant value to the Sonic ecosystem’s early efforts to bootstrap development and user onboarding. By distributing tokens widely to developers, gamers, and broader ecosystem enthusiasts, Sonic achieves a number of strategic benefits:
- Enhanced Decentralization: A diverse distribution of tokens prevents central points of failure and encourages a healthy governance framework.
- Rapid Ecosystem Growth: Developers, validators, and community members are incentivized to contribute dApps and services on the Sonic network, encouraging innovation.
- Community Loyalty: An airdrop signals Sonic’s commitment to community-first values. Early adopters become brand ambassadors, driving organic awareness of new features and protocols.
Why It Helps You (the User)
For individuals and teams, the Sonic airdrop offers clear and immediate advantages:
- Early Access to Token Utility: Holding S tokens grants access to network governance, staking rewards, and new applications within Sonic’s growing ecosystem.
- Market and Demand Speculation: As the Sonic network and its native token gain traction, holders can potentially benefit from increased demand for S tokens.
- Hands-On Learning: Participating in an airdrop and exploring the Rings protocol offers a practical, hands-on way to learn about next-generation DeFi concepts, including yield-bearing stablecoins and cross-chain strategies.
Above all, the airdrop democratizes the entry point into the Sonic ecosystem. Anyone willing to fulfill the eligibility criteria — including things like testnet tasks, delegated staking, or social engagements — has a fair shot at acquiring tokens.
How to Qualify and Claim
Sonic Labs is distributing the S tokens via an innovative points system designed to reward users who hold and deploy whitelisted assets across the Sonic ecosystem. This mechanism — called Sonic Points — is meant to boost liquidity, spark user engagement, and ensure that long-term participants are rewarded for their continued involvement.
To simplify the process, Sonic divides point generation into three methods:
1. Passive Points:
- Simply hold whitelisted assets in a non-custodial Web3 wallet (i.e., Rabby, MetaMask, or a hardware wallet).
- Assets on centralized exchanges do not earn passive points.
2. Activity Points:
- Deploy your whitelisted assets as liquidity on participating DeFi apps within Sonic.
- Activity points offer 2× the rewards of passive points, incentivizing users to take a more active role in the ecosystem.
- A list of participating apps and the multipliers for each whitelisted asset is available on the Sonic Points Dashboard.
3. App Points (Gems):
- Beyond basic passive or activity points, individual apps on Sonic run their own “points programs” to distribute a separate developer-focused allocation called Sonic Gems.
- Apps earn these Gems (which can be redeemed for S tokens) by driving user engagement and liquidity.
- Each app decides how to share or distribute these tokens among its liquidity providers, often introducing its own internal incentives or “bonus” point systems.
To maximize your overall airdrop amount, you can combine these three streams of points: hold whitelisted assets, deploy them in DeFi apps, and selectively choose which apps have the most rewarding points program. The combined availability among passive points, activity points, and app-driven Gems adds both flexibility and strategic depth to how you approach liquidity provision on Sonic.
Whitelisted Assets & Multipliers
Not all assets earn points equally. The Sonic team regularly updates a Whitelisted Assets Table that lists each approved asset, its eligibility (passive vs. activity), and any temporary boosts designed to encourage early liquidity during the first few months after the mainnet launch.
For example, some stablecoins may enjoy a multiplier for a limited time, while others (like WETH or SolvBTC) only generate activity points. Plus, S tokens staked through MySonic currently do not earn points.
Airdrop Claiming
The airdrop itself unfolds 6 months after Sonic’s mainnet launch (estimated around June 2025 for the first season), at which point your points translate into an S token allocation. Once the airdrop becomes claimable, the Sonic Points Dashboard will guide you through the process of connecting your Web3 wallet, verifying your total points, and redeeming the corresponding portion of your S tokens.
Distribution Schedule
When the first airdrop season concludes:
- 25% of your earned S tokens are immediately available to claim.
- The remaining 75% is locked and vests over 270 days (about 9 months).
During the vesting period, you may choose to claim early, but you will incur a burn penalty on the portion of tokens still locked. This penalty gradually decreases over the 270-day vesting window. Users willing to wait the full vesting period can claim their entire allocation without any penalty, while those who claim earlier will sacrifice a percentage of their locked S tokens.
This approach ensures a measured release of S into circulation, encourages sustained engagement on-chain, and offers a speculative NFT marketplace for individuals who wish to trade or offload their remaining claim rather than wait.
Introduction to Rings Protocol
Beyond the airdrop, the Rings protocol — a third-party, yield-bearing stablecoin project built atop Sonic bolsters on-chain liquidity and offers new ways to earn from both Ethereum and Sonic-based assets. Rings builds on three fundamental concepts:
- Veda BoringVaults: Automated vaults operating on Ethereum. They farm yield on deposited collateral in protocols like Aave, optimizing returns for users.
- Native Yield: Typically, locking assets on one chain to mint tokens on another means the locked collateral goes idle. With Rings, however, your locked collateral on Ethereum generates yield while the equivalent tokens (scUSD, scETH) remain freely usable on Sonic.
- Solidly’s ve(3,3) Model: By locking tokens to obtain voting power, users can influence liquidity distribution across different Sonic dApps, effectively steering the direction of yield rewards (and often collecting “bribes” or incentives for their votes).
The backbone of Rings lies in two core tokens, scUSD (the stablecoin) and scETH (the ETH-representative asset). Minting these tokens is fee-free and involves depositing either stablecoins or ETH-based tokens on Ethereum or Sonic including but not limited to:
- scUSD is created by depositing an equivalent amount of USDC.
- scETH is generated by depositing WETH.
While the original collateral is deployed in Veda BoringVaults on Ethereum to earn yield, the minted scUSD or scETH on Sonic can be spent, traded, or staked. This mechanism is at the heart of Rings’ “native yield” design: you aren’t forced to choose between using your tokens on Sonic and earning yield on the collateral — both happen simultaneously.
Staking and Governance (stkscUSD, stkscETH, veNFT)
If you choose to stake your scUSD or scETH directly on Sonic through the Rings protocol, you receive staked versions of these tokens — stkscUSD or stkscETH. The underlying logic is straightforward: your newly staked assets interact with DeFi protocols within Sonic to generate their own yield, distributed directly to you.
However, if you wish to participate in governance at a higher level, you can lock your staked tokens and acquire a veNFT. The more tokens you lock, and the longer you lock them, the greater your voting power. This veNFT then determines how newly minted scUSD (derived from the Ethereum-side collateral yield) is allocated to Sonic-based dApps. Projects seeking liquidity or additional incentives will lobby veNFT holders, often through bribes or direct incentives, to secure favorable votes.
How to Participate
- Mint scUSD or scETH: Bridge your USDC or WETH to Sonic, minting the corresponding scUSD or scETH.
- Stake Your Assets: If you want a straightforward yield, stake them to receive stkscUSD or stkscETH and earn passive rewards from Sonic’s DeFi protocols.
- Lock for Governance: For those aiming to take a more active role, convert your staked tokens into a veNFT.
Conclusion
Sonic’s airdrop and the launch of Rings protocol help to position it as a compelling, community-centric platform, merging gaming, DeFi, and strong community incentives under one ecosystem banner. For Sonic, distributing S tokens to a broad user base helps decentralize governance and accelerate ecosystem maturity. For participants, it opens new doors for earning passive yield, influencing protocol-level decisions, and potentially capitalizing on the platform’s growth.
Disclaimer: This report was commissioned by Sonic Labs. This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
The Sonic blockchain has taken a leap forward toward community development and mainstream adoption with its recent announcement of its highly anticipated airdrop, the introduction of Rings Protocol, and surpassing $250 million in TVL. The new airdrop initiative is designed to reward early adopters and users of Sonic, spark deeper ecosystem growth, and offer users new opportunities to interact with Sonic’s high-performance blockchain.
This report will provide a consolidated overview of the airdrop mechanics, the benefits for both Sonic and its community, and an introduction to Rings — a yield-bearing stablecoin solution.
Why An Airdrop At All?
Airdrops have evolved beyond simple token distributions into strategic tools for driving engagement, fostering network activity, and attracting investment. Initially designed to decentralize token ownership and enhance accessibility, they now serve as a key mechanism for catalyzing user participation and generating valuable on-chain metrics. A well-executed airdrop not only puts tokens into circulation but also acts as a marketing strategy to onboard new users and sustain long-term community growth. However, the challenge lies in ensuring that recipients see lasting value in their rewards rather than immediately liquidating them for short-term gains.
For an airdrop campaign to be effective, it must go beyond mere distribution and focus on community psychology. Projects that align airdrops with shared milestones, membership structures, and meaningful engagement opportunities can transform passive recipients into active contributors. User perception also plays a critical role—airdrops framed as genuine rewards rather than purely transactional incentives foster deeper trust and loyalty. Additionally, unexpected rewards, when paired with transparent communication, can enhance user motivation while reducing token sell-offs. Ultimately, the most successful airdrop strategies prioritize retention and long-term participation, ensuring that recipients remain invested in the project well beyond the initial token claim.
Overview of the Sonic Airdrop
Sonic Labs (the newly rebranded Fantom Foundation) has set aside roughly 200 million native S tokens specifically for this airdrop initiative. The overall objective of the airdrop is to:
- Boost Ecosystem Participation: By distributing tokens widely among early users, Sonic aims to encourage hands-on interaction with its network.
- Reward Loyal Community Members: The airdrop serves as a tangible incentive for those who have supported the project from its testnet phases, as well as for newcomers eager to explore the next generation of Layer 1 blockchain technology.
Why It Helps Sonic
Conducting an airdrop is a simple yet highly effective way to distribute tokens directly to those that have generated a lasting impact and/or brought significant value to the Sonic ecosystem’s early efforts to bootstrap development and user onboarding. By distributing tokens widely to developers, gamers, and broader ecosystem enthusiasts, Sonic achieves a number of strategic benefits:
- Enhanced Decentralization: A diverse distribution of tokens prevents central points of failure and encourages a healthy governance framework.
- Rapid Ecosystem Growth: Developers, validators, and community members are incentivized to contribute dApps and services on the Sonic network, encouraging innovation.
- Community Loyalty: An airdrop signals Sonic’s commitment to community-first values. Early adopters become brand ambassadors, driving organic awareness of new features and protocols.
Why It Helps You (the User)
For individuals and teams, the Sonic airdrop offers clear and immediate advantages:
- Early Access to Token Utility: Holding S tokens grants access to network governance, staking rewards, and new applications within Sonic’s growing ecosystem.
- Market and Demand Speculation: As the Sonic network and its native token gain traction, holders can potentially benefit from increased demand for S tokens.
- Hands-On Learning: Participating in an airdrop and exploring the Rings protocol offers a practical, hands-on way to learn about next-generation DeFi concepts, including yield-bearing stablecoins and cross-chain strategies.
Above all, the airdrop democratizes the entry point into the Sonic ecosystem. Anyone willing to fulfill the eligibility criteria — including things like testnet tasks, delegated staking, or social engagements — has a fair shot at acquiring tokens.
How to Qualify and Claim
Sonic Labs is distributing the S tokens via an innovative points system designed to reward users who hold and deploy whitelisted assets across the Sonic ecosystem. This mechanism — called Sonic Points — is meant to boost liquidity, spark user engagement, and ensure that long-term participants are rewarded for their continued involvement.
To simplify the process, Sonic divides point generation into three methods:
1. Passive Points:
- Simply hold whitelisted assets in a non-custodial Web3 wallet (i.e., Rabby, MetaMask, or a hardware wallet).
- Assets on centralized exchanges do not earn passive points.
2. Activity Points:
- Deploy your whitelisted assets as liquidity on participating DeFi apps within Sonic.
- Activity points offer 2× the rewards of passive points, incentivizing users to take a more active role in the ecosystem.
- A list of participating apps and the multipliers for each whitelisted asset is available on the Sonic Points Dashboard.
3. App Points (Gems):
- Beyond basic passive or activity points, individual apps on Sonic run their own “points programs” to distribute a separate developer-focused allocation called Sonic Gems.
- Apps earn these Gems (which can be redeemed for S tokens) by driving user engagement and liquidity.
- Each app decides how to share or distribute these tokens among its liquidity providers, often introducing its own internal incentives or “bonus” point systems.
To maximize your overall airdrop amount, you can combine these three streams of points: hold whitelisted assets, deploy them in DeFi apps, and selectively choose which apps have the most rewarding points program. The combined availability among passive points, activity points, and app-driven Gems adds both flexibility and strategic depth to how you approach liquidity provision on Sonic.
Whitelisted Assets & Multipliers
Not all assets earn points equally. The Sonic team regularly updates a Whitelisted Assets Table that lists each approved asset, its eligibility (passive vs. activity), and any temporary boosts designed to encourage early liquidity during the first few months after the mainnet launch.
For example, some stablecoins may enjoy a multiplier for a limited time, while others (like WETH or SolvBTC) only generate activity points. Plus, S tokens staked through MySonic currently do not earn points.
Airdrop Claiming
The airdrop itself unfolds 6 months after Sonic’s mainnet launch (estimated around June 2025 for the first season), at which point your points translate into an S token allocation. Once the airdrop becomes claimable, the Sonic Points Dashboard will guide you through the process of connecting your Web3 wallet, verifying your total points, and redeeming the corresponding portion of your S tokens.
Distribution Schedule
When the first airdrop season concludes:
- 25% of your earned S tokens are immediately available to claim.
- The remaining 75% is locked and vests over 270 days (about 9 months).
During the vesting period, you may choose to claim early, but you will incur a burn penalty on the portion of tokens still locked. This penalty gradually decreases over the 270-day vesting window. Users willing to wait the full vesting period can claim their entire allocation without any penalty, while those who claim earlier will sacrifice a percentage of their locked S tokens.
This approach ensures a measured release of S into circulation, encourages sustained engagement on-chain, and offers a speculative NFT marketplace for individuals who wish to trade or offload their remaining claim rather than wait.
Introduction to Rings Protocol
Beyond the airdrop, the Rings protocol — a third-party, yield-bearing stablecoin project built atop Sonic bolsters on-chain liquidity and offers new ways to earn from both Ethereum and Sonic-based assets. Rings builds on three fundamental concepts:
- Veda BoringVaults: Automated vaults operating on Ethereum. They farm yield on deposited collateral in protocols like Aave, optimizing returns for users.
- Native Yield: Typically, locking assets on one chain to mint tokens on another means the locked collateral goes idle. With Rings, however, your locked collateral on Ethereum generates yield while the equivalent tokens (scUSD, scETH) remain freely usable on Sonic.
- Solidly’s ve(3,3) Model: By locking tokens to obtain voting power, users can influence liquidity distribution across different Sonic dApps, effectively steering the direction of yield rewards (and often collecting “bribes” or incentives for their votes).
The backbone of Rings lies in two core tokens, scUSD (the stablecoin) and scETH (the ETH-representative asset). Minting these tokens is fee-free and involves depositing either stablecoins or ETH-based tokens on Ethereum or Sonic including but not limited to:
- scUSD is created by depositing an equivalent amount of USDC.
- scETH is generated by depositing WETH.
While the original collateral is deployed in Veda BoringVaults on Ethereum to earn yield, the minted scUSD or scETH on Sonic can be spent, traded, or staked. This mechanism is at the heart of Rings’ “native yield” design: you aren’t forced to choose between using your tokens on Sonic and earning yield on the collateral — both happen simultaneously.
Staking and Governance (stkscUSD, stkscETH, veNFT)
If you choose to stake your scUSD or scETH directly on Sonic through the Rings protocol, you receive staked versions of these tokens — stkscUSD or stkscETH. The underlying logic is straightforward: your newly staked assets interact with DeFi protocols within Sonic to generate their own yield, distributed directly to you.
However, if you wish to participate in governance at a higher level, you can lock your staked tokens and acquire a veNFT. The more tokens you lock, and the longer you lock them, the greater your voting power. This veNFT then determines how newly minted scUSD (derived from the Ethereum-side collateral yield) is allocated to Sonic-based dApps. Projects seeking liquidity or additional incentives will lobby veNFT holders, often through bribes or direct incentives, to secure favorable votes.
How to Participate
- Mint scUSD or scETH: Bridge your USDC or WETH to Sonic, minting the corresponding scUSD or scETH.
- Stake Your Assets: If you want a straightforward yield, stake them to receive stkscUSD or stkscETH and earn passive rewards from Sonic’s DeFi protocols.
- Lock for Governance: For those aiming to take a more active role, convert your staked tokens into a veNFT.
Conclusion
Sonic’s airdrop and the launch of Rings protocol help to position it as a compelling, community-centric platform, merging gaming, DeFi, and strong community incentives under one ecosystem banner. For Sonic, distributing S tokens to a broad user base helps decentralize governance and accelerate ecosystem maturity. For participants, it opens new doors for earning passive yield, influencing protocol-level decisions, and potentially capitalizing on the platform’s growth.
Disclaimer: This report was commissioned by Sonic Labs. This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
The Sonic blockchain has taken a leap forward toward community development and mainstream adoption with its recent announcement of its highly anticipated airdrop, the introduction of Rings Protocol, and surpassing $250 million in TVL. The new airdrop initiative is designed to reward early adopters and users of Sonic, spark deeper ecosystem growth, and offer users new opportunities to interact with Sonic’s high-performance blockchain.
This report will provide a consolidated overview of the airdrop mechanics, the benefits for both Sonic and its community, and an introduction to Rings — a yield-bearing stablecoin solution.
Why An Airdrop At All?
Airdrops have evolved beyond simple token distributions into strategic tools for driving engagement, fostering network activity, and attracting investment. Initially designed to decentralize token ownership and enhance accessibility, they now serve as a key mechanism for catalyzing user participation and generating valuable on-chain metrics. A well-executed airdrop not only puts tokens into circulation but also acts as a marketing strategy to onboard new users and sustain long-term community growth. However, the challenge lies in ensuring that recipients see lasting value in their rewards rather than immediately liquidating them for short-term gains.
For an airdrop campaign to be effective, it must go beyond mere distribution and focus on community psychology. Projects that align airdrops with shared milestones, membership structures, and meaningful engagement opportunities can transform passive recipients into active contributors. User perception also plays a critical role—airdrops framed as genuine rewards rather than purely transactional incentives foster deeper trust and loyalty. Additionally, unexpected rewards, when paired with transparent communication, can enhance user motivation while reducing token sell-offs. Ultimately, the most successful airdrop strategies prioritize retention and long-term participation, ensuring that recipients remain invested in the project well beyond the initial token claim.
Overview of the Sonic Airdrop
Sonic Labs (the newly rebranded Fantom Foundation) has set aside roughly 200 million native S tokens specifically for this airdrop initiative. The overall objective of the airdrop is to:
- Boost Ecosystem Participation: By distributing tokens widely among early users, Sonic aims to encourage hands-on interaction with its network.
- Reward Loyal Community Members: The airdrop serves as a tangible incentive for those who have supported the project from its testnet phases, as well as for newcomers eager to explore the next generation of Layer 1 blockchain technology.
Why It Helps Sonic
Conducting an airdrop is a simple yet highly effective way to distribute tokens directly to those that have generated a lasting impact and/or brought significant value to the Sonic ecosystem’s early efforts to bootstrap development and user onboarding. By distributing tokens widely to developers, gamers, and broader ecosystem enthusiasts, Sonic achieves a number of strategic benefits:
- Enhanced Decentralization: A diverse distribution of tokens prevents central points of failure and encourages a healthy governance framework.
- Rapid Ecosystem Growth: Developers, validators, and community members are incentivized to contribute dApps and services on the Sonic network, encouraging innovation.
- Community Loyalty: An airdrop signals Sonic’s commitment to community-first values. Early adopters become brand ambassadors, driving organic awareness of new features and protocols.
Why It Helps You (the User)
For individuals and teams, the Sonic airdrop offers clear and immediate advantages:
- Early Access to Token Utility: Holding S tokens grants access to network governance, staking rewards, and new applications within Sonic’s growing ecosystem.
- Market and Demand Speculation: As the Sonic network and its native token gain traction, holders can potentially benefit from increased demand for S tokens.
- Hands-On Learning: Participating in an airdrop and exploring the Rings protocol offers a practical, hands-on way to learn about next-generation DeFi concepts, including yield-bearing stablecoins and cross-chain strategies.
Above all, the airdrop democratizes the entry point into the Sonic ecosystem. Anyone willing to fulfill the eligibility criteria — including things like testnet tasks, delegated staking, or social engagements — has a fair shot at acquiring tokens.
How to Qualify and Claim
Sonic Labs is distributing the S tokens via an innovative points system designed to reward users who hold and deploy whitelisted assets across the Sonic ecosystem. This mechanism — called Sonic Points — is meant to boost liquidity, spark user engagement, and ensure that long-term participants are rewarded for their continued involvement.
To simplify the process, Sonic divides point generation into three methods:
1. Passive Points:
- Simply hold whitelisted assets in a non-custodial Web3 wallet (i.e., Rabby, MetaMask, or a hardware wallet).
- Assets on centralized exchanges do not earn passive points.
2. Activity Points:
- Deploy your whitelisted assets as liquidity on participating DeFi apps within Sonic.
- Activity points offer 2× the rewards of passive points, incentivizing users to take a more active role in the ecosystem.
- A list of participating apps and the multipliers for each whitelisted asset is available on the Sonic Points Dashboard.
3. App Points (Gems):
- Beyond basic passive or activity points, individual apps on Sonic run their own “points programs” to distribute a separate developer-focused allocation called Sonic Gems.
- Apps earn these Gems (which can be redeemed for S tokens) by driving user engagement and liquidity.
- Each app decides how to share or distribute these tokens among its liquidity providers, often introducing its own internal incentives or “bonus” point systems.
To maximize your overall airdrop amount, you can combine these three streams of points: hold whitelisted assets, deploy them in DeFi apps, and selectively choose which apps have the most rewarding points program. The combined availability among passive points, activity points, and app-driven Gems adds both flexibility and strategic depth to how you approach liquidity provision on Sonic.
Whitelisted Assets & Multipliers
Not all assets earn points equally. The Sonic team regularly updates a Whitelisted Assets Table that lists each approved asset, its eligibility (passive vs. activity), and any temporary boosts designed to encourage early liquidity during the first few months after the mainnet launch.
For example, some stablecoins may enjoy a multiplier for a limited time, while others (like WETH or SolvBTC) only generate activity points. Plus, S tokens staked through MySonic currently do not earn points.
Airdrop Claiming
The airdrop itself unfolds 6 months after Sonic’s mainnet launch (estimated around June 2025 for the first season), at which point your points translate into an S token allocation. Once the airdrop becomes claimable, the Sonic Points Dashboard will guide you through the process of connecting your Web3 wallet, verifying your total points, and redeeming the corresponding portion of your S tokens.
Distribution Schedule
When the first airdrop season concludes:
- 25% of your earned S tokens are immediately available to claim.
- The remaining 75% is locked and vests over 270 days (about 9 months).
During the vesting period, you may choose to claim early, but you will incur a burn penalty on the portion of tokens still locked. This penalty gradually decreases over the 270-day vesting window. Users willing to wait the full vesting period can claim their entire allocation without any penalty, while those who claim earlier will sacrifice a percentage of their locked S tokens.
This approach ensures a measured release of S into circulation, encourages sustained engagement on-chain, and offers a speculative NFT marketplace for individuals who wish to trade or offload their remaining claim rather than wait.
Introduction to Rings Protocol
Beyond the airdrop, the Rings protocol — a third-party, yield-bearing stablecoin project built atop Sonic bolsters on-chain liquidity and offers new ways to earn from both Ethereum and Sonic-based assets. Rings builds on three fundamental concepts:
- Veda BoringVaults: Automated vaults operating on Ethereum. They farm yield on deposited collateral in protocols like Aave, optimizing returns for users.
- Native Yield: Typically, locking assets on one chain to mint tokens on another means the locked collateral goes idle. With Rings, however, your locked collateral on Ethereum generates yield while the equivalent tokens (scUSD, scETH) remain freely usable on Sonic.
- Solidly’s ve(3,3) Model: By locking tokens to obtain voting power, users can influence liquidity distribution across different Sonic dApps, effectively steering the direction of yield rewards (and often collecting “bribes” or incentives for their votes).
The backbone of Rings lies in two core tokens, scUSD (the stablecoin) and scETH (the ETH-representative asset). Minting these tokens is fee-free and involves depositing either stablecoins or ETH-based tokens on Ethereum or Sonic including but not limited to:
- scUSD is created by depositing an equivalent amount of USDC.
- scETH is generated by depositing WETH.
While the original collateral is deployed in Veda BoringVaults on Ethereum to earn yield, the minted scUSD or scETH on Sonic can be spent, traded, or staked. This mechanism is at the heart of Rings’ “native yield” design: you aren’t forced to choose between using your tokens on Sonic and earning yield on the collateral — both happen simultaneously.
Staking and Governance (stkscUSD, stkscETH, veNFT)
If you choose to stake your scUSD or scETH directly on Sonic through the Rings protocol, you receive staked versions of these tokens — stkscUSD or stkscETH. The underlying logic is straightforward: your newly staked assets interact with DeFi protocols within Sonic to generate their own yield, distributed directly to you.
However, if you wish to participate in governance at a higher level, you can lock your staked tokens and acquire a veNFT. The more tokens you lock, and the longer you lock them, the greater your voting power. This veNFT then determines how newly minted scUSD (derived from the Ethereum-side collateral yield) is allocated to Sonic-based dApps. Projects seeking liquidity or additional incentives will lobby veNFT holders, often through bribes or direct incentives, to secure favorable votes.
How to Participate
- Mint scUSD or scETH: Bridge your USDC or WETH to Sonic, minting the corresponding scUSD or scETH.
- Stake Your Assets: If you want a straightforward yield, stake them to receive stkscUSD or stkscETH and earn passive rewards from Sonic’s DeFi protocols.
- Lock for Governance: For those aiming to take a more active role, convert your staked tokens into a veNFT.
Conclusion
Sonic’s airdrop and the launch of Rings protocol help to position it as a compelling, community-centric platform, merging gaming, DeFi, and strong community incentives under one ecosystem banner. For Sonic, distributing S tokens to a broad user base helps decentralize governance and accelerate ecosystem maturity. For participants, it opens new doors for earning passive yield, influencing protocol-level decisions, and potentially capitalizing on the platform’s growth.
Disclaimer: This report was commissioned by Sonic Labs. This research report is exactly that — a research report. It is not intended to serve as financial advice, nor should you blindly assume that any of the information is accurate without confirming through your own research. Bitcoin, cryptocurrencies, and other digital assets are incredibly risky and nothing in this report should be considered an endorsement to buy or sell any asset. Never invest more than you are willing to lose and understand the risk that you are taking. Do your own research. All information in this report is for educational purposes only and should not be the basis for any investment decisions that you make.
