Sonic’s revolutionary token Airdrop rewards reward Solayer delegators and DeFi pioneers
Sonic SVMthe first Solana Layer 2, is getting ready to reward its loyal community. The company just announced a token airdrop exclusively for users of Solaaga decentralized cloud infrastructure that enables spawning and re-stacking on Solana. Solayer promotes staking and network scalability with high transaction throughput and yield-bearing solutions such as USD, a stablecoin backed by US government bonds.
This initiative recognizes the early support of Solayer delegations 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 that can support the next billion users. Doing this requires user-centric campaigns, rewards, and functionality, and the upcoming token airdrop will be used for exactly that.
The airdrop allocates a portion of Sonic’s upcoming 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 of eligible delegations will be taken before Sonic’s highly anticipated Token Generation Event (TGE), scheduled for Q1 2025.
This capability extends beyond direct stakers to include users who participate through protocols powered by Solayer, such as Adrastea, an advanced liquid withdrawal protocol that maximizes capital efficiency in DeFi. It allows users to maintain liquidity while unlocking additional rewards, setting new standards for composability and ease of use in the Solana ecosystem.
“By rewarding Solayer delegates and Adrastea participants, we encourage broader participation and ensure our early supporters share in Sonic’s growth,” said Chris Zhu, CEO of Sonic, SAIdentity card in a statement. “This airdrop is a testament to our commitment to strengthening the community that has been instrumental in advancing Sonic’s AVS.”
A collaborative ecosystem that is gaining strength
With $80 million worth of SOL delegated by more than 81,000 unique users, Sonic has become the largest actively validated service on Solayer. Meanwhile, Solayer itself is thriving, with over $360 million in Total Value Locked (TVL) and growing adoption within the DeFi ecosystem.
The partnership between Sonic and Solayer has introduced new opportunities for stakers, providing liquidity through Liquid Restaking Tokens that can be used on DeFi platforms such as Banx, Orca, and Meteora. This synergy not only secures TVL for Sonic, but also provides reinvestors the flexibility to access liquidity without sacrificing returns.
Adrastea, a key player in this ecosystem, further extends the benefits by allowing users to maximize rewards and capital efficiency through liquid asset withdrawals. It bridges the gap between network security and user convenience by simplifying the staking process and unlocking additional value.
Governing the future of resumption
The airdrop announcement comes at a crucial time for the Solana ecosystem. Liquid staking tokens (LSTs) now have 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 retake, but also catalyze broader adoption by providing tangible incentives to participants. “Community-based initiatives like these are key to boosting the resume ecosystem,” Zhu added. “By seamlessly integrating rewards with Solayer and Adrastea’s easy-to-use platforms, we’re making it easier than ever for delegators to track their contributions and reap the benefits.”
