Sonic and Solayer Team Up to Reward Community Stakeholders

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Sonic’s Revolutionary Token Airdrop Rewards Solayer Delegators and DeFi Pioneers

Sonic SVM, the first Solana Layer 2, is gearing up to reward its loyal community. The company has just announced a token airdrop exclusively for users of Solayer, a decentralized cloud infrastructure that powers staking and restacking on Solana. Solayer is advancing staking and network scalability with high transaction throughput and yield-bearing solutions like USD, a stablecoin backed by U.S. Treasury bills.

This initiative acknowledges the early support of Solayer delegators and highlights Sonic’s leadership in the emerging restacking landscape.

Sonic SVM and the Upcoming Airdrop

Sonic SVM is the first Solana Virtual Machine chain, designed to power games and applications. It runs on Sonic HyperGrid, an innovative framework for orchestrating optimistic Solana rollups. Sonic is also home to SonicX, the industry’s first Web3 TikTok-like application layer to onboard the next billion users. Doing this requires user-focused campaigns, rewards, and functionality, and the upcoming token airdrop will be used to do just that.

The airdrop will allocate a portion of Sonic’s forthcoming token supply to users who have delegated their SOL or eligible Liquid Staking Tokens (LSTs) to Sonic’s Actively Validated Service (AVS) on Solayer. A snapshot capturing eligible delegations will be taken before Sonic’s highly anticipated Token Generation Event (TGE), scheduled for Q1 2025.

This opportunity extends beyond direct stakers to include users participating through protocols powered by Solayer, such as Adrastea, a cutting-edge liquid restaking protocol that maximizes capital efficiency in DeFi. It allows users to retain liquidity while unlocking additional rewards, setting new standards for composability and ease of use in the Solana ecosystem.

“By rewarding Solayer delegators and Adrastea participants, we’re incentivizing broader participation while ensuring our earliest supporters share in Sonic’s growth,” Chris Zhu, CEO of Sonic, said in a statement. “This airdrop is a testament to our commitment to empowering the community that has been instrumental in advancing Sonic’s AVS.”

A Collaborative Ecosystem Gaining Momentum

With $80 million in SOL delegated by over 81,000 unique users, Sonic has emerged as the largest Actively Validated Service on Solayer. Meanwhile, Solayer itself is flourishing, with over $360 million in Total Value Locked (TVL) and growing adoption across the DeFi ecosystem.

The partnership between Sonic and Solayer has introduced new possibilities for stakers, offering liquidity through Liquid Restaking Tokens that can be utilized in DeFi platforms like Banx, Orca, and Meteora. This synergy not only secures TVL for Sonic but also provides restakers with the flexibility to access liquidity without sacrificing yield.

Adrastea, a key player in this ecosystem, further amplifies the benefits by enabling users to maximize rewards and capital efficiency through liquid restaking. It bridges the gap between network security and user convenience by simplifying the staking process and unlocking additional value.

Driving the Future of Restaking

The airdrop announcement arrives at a pivotal moment for the Solana ecosystem. Liquid staking tokens (LSTs) now boast a market capitalization of over $2 billion, underscoring their growing importance in decentralized finance.

Initiatives like Sonic’s token rewards not only validate the role of restaking but also catalyze broader adoption by offering tangible incentives to participants.“Community-focused initiatives like these are key to energizing the restaking ecosystem,” Zhu added. “By integrating rewards seamlessly with Solayer and Adrastea’s user-friendly platforms, we’re making it simpler than ever for delegators to track their contributions and reap the benefits.”