The new Gas Subsidy features coming from @0xSonicLabs will reduce friction for onboarding users and solves the pain of getting the gas token when you bridge to the chain.
Unlike other solutions this is fully on chain and built into the protocol.
1/ The most efficient stablecoin strategy on Sonic just landed. A new Boosted Pool powered by @stabilitydao Meta Vaults is live:
> Deposit $scUSD$USDC
> Get exposure to yield across all top lending markets
> Earn 4 sources of yield
Let’s break it down ⬇️🧵
Earn with Beets.
Each week, 20% of stS revenue flows back to apps via stS Seasons for growing the network’s leading LST.
This round, 8,411 $stS was redistributed based on the share of liquidity:
🥇 Beets: 7,024
🥈 SwapX: 949
🥉 Shadow: 438
Strategic emissions. Recycled revenue. The flywheel keeps turning.
The Q3 BEETS Budget is live on Snapshot, with 7.2M BEETS allocated across gauges, growth, and protocol rewards.
Be part of the decision.
Have your say: snapshot.box/#/s:beets.eth/p…
Stake it to Make it? It works!
The Intern token experiment 🧪
On May 31 while was helping to distribute INTERN to top maBeets holders, created the Staked Intern pool with 10000 tokens paired with 703 $stS at 2% swap fee on @beets_fi
After 24 days my position is 33% of the total liquidity available with 11509 INTERN tokens and 652 $stS
Man you lost money!
Actually not! Have 613 stS unclaimed rewards from Stake it to make it campaign.
Just 90 stS away from breakeven 👀
While swap fees keep compounding into the position
Stake it to Make it!
#MOB$BEETS$S
sonic szn, powered by $stS.
Sonic users can now utilise the network's flagship LST as collateral to open long or short positions with up to 500x leverage on major assets like BTC/USD and ETH/USD.
Learn more 👇
New day, new listing 📣
Thrilled to announce that we're collaborating with @beets_fi to list our newest collateral option - stS on Lynx!
- $stS on @SonicLabs as collateral
- Gasless Trading
- Up to 500x leverage with Cat Mode
Start trading: app.lynx.finance/leverage?ch…
$INTERN distribution idea up to vote 💡
4% distributed to top 50 or top 100 maBeets holders
1% liquidity seed into @beets_fi preferable with stS
(DM’s open for any suggestion)
The Ticker is: $INTERN
0xd9D6F92Df52716835594Ab41Ea6f3BB994da98b6
Liquidity live on Shadow (waiting on subgraph to update to show)
Interns DM me, going to verify each and send out the 5%s to you for your communities over the next half hour as well as airdrop Derp holders.
Stay tuned
Did a quick comparison of tokenized Gems from @beets_fi, @SwapXfi and @Equalizer0x based on current prices and the new Gems dashboard information.
The % going towards S1 and to Gems is speculation, but the comparison between projects is clear -- BeetsFragmentsS1 are undervalued:
You know what that means.
Boosted Concentrated Liquidity Pools coming soon to @SonicLabs.
Optimized swap fees. Integrated lending yield.
Passive concentrated liquidity—powered by @Balancer v3 tech.
And they say we’re not a DEX.
1/ @beets_fi: The hub for LSTs on Sonic
With over 170M $S staked, Beets is the leading LST hub on Sonic
$stS is a liquid-staked version of $S with 4,5% APY
Unlike traditional staking, $stS stays liquid, meaning you can use it across DeFi like Pendle, SiloFinance on Sonic while still earning rewards.
Holding $stS earns Sonic Points but with extra perks. It qualifies for a 4x multiplier while also accruing staking rewards.