Sonic Labs Introduces Innovative Points Program to Drive DeFi Growth and User Rewards

Quick Summary:

By controlling token distribution, apps can design tailored points programs by incorporating weighting factors based on the total liquidity a user provides or the duration that capital is deployed.

The Sonic Points program underscores Sonic Labs’s commitment to empowering users and developers with a dynamic range of opportunities.

The yield generated is periodically converted into scUSD and bridged back to Sonic, where it’s dispersed among DeFi apps as liquidity infusions.

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Article Details

Author / Journalist: chainwire

Category: Crypto

Markets: IndiaCayman Islands

Topics: BLOCKCHAIN Staking Crypto Press Release Funding Token DeFi.

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-14 @ 14:50:55 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 25155381

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 31 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

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Publication Timezone: GMT +8:00

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Publisher ID: #121

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