Today, I want to take a moment to discuss the Sonic ecosystem. For those who aren’t familiar, Sonic is the rebranded and relaunched version of the former Fantom blockchain. It’s now called Sonic, and it comes with some significant upgrades compared to its predecessor. It’s faster, EVM-compatible (Ethereum Virtual Machine), and designed to be a hyper-efficient blockchain. This makes it particularly appealing for those already accustomed to EVM-based chains like Ethereum, Arbitrum, Avalanche, and others. If you’re into DeFi (decentralized finance), you’ll feel right at home here, as many of the applications and protocols you’re used to are also available on Sonic.
What’s Interesting About Sonic?
One of the standout features of Sonic is its compatibility with the EVM ecosystem, meaning you can use familiar DeFi apps and tools. For example, I’ve been using Shadow Exchange for a while now, as it’s been great for generating yield. There are also other apps like SwapX, but I encourage you to do your own research. You can check out DeFillama, search for Sonic, and explore all the available apps. Today, I’ll highlight two apps that I find particularly interesting.
1. Aave on Sonic
Aave is one of the most prominent lending and borrowing platforms in the DeFi space. It’s fascinating to see Aave return to Sonic after having left the Phantom ecosystem a while ago. This move signals a renewed confidence in Sonic, especially after the Multichain hack that shook the industry. Aave’s return is a strong vote of confidence in Sonic’s potential.
On Aave, you can deposit stablecoins like USDC and earn yield. Currently, the base yield for USDC is around 0.9%, but Aave also offers a merit program that adds an additional 8% in rewards. Plus, you earn Sonic points (10x multiplier!) which could be valuable for future airdrops. This is a great way to earn passive income while positioning yourself for potential future rewards.
My strategy here is simple: given the current volatility in the crypto market, I’m focusing on stablecoins. I deposit USDC on Aave, borrow ETH, and then stake that ETH on another app called Rings. This allows me to earn additional yield while minimizing exposure to market fluctuations.
2. Rings: Liquid Staking on Sonic
Rings is another app worth exploring. Originally from Ethereum, it has now expanded to Sonic, offering liquid staking for ETH. The platform has been audited, but as always, DYOR (Do Your Own Research) to ensure you’re comfortable with the risks.
Here’s how it works: you deposit your ETH into Rings. This gives you scETH, which you can further stake into stkscETH. The yields aren’t astronomical (around 2.6%), but you also earn points that could be valuable in the future. These points are part of Rings’ incentive program, which is common in new protocols to attract users.
I’ve only just started using Rings, so my points are minimal compared to the whales in the ecosystem. For example, the top users have millions of points, while I’m sitting at around 2,000. But the key here is consistency—staking over time can help you climb the rankings and potentially benefit from future airdrops.
Why Sonic and Rings Are Worth Your Attention
The combination of Sonic’s EVM compatibility and apps like Aave and Rings creates a compelling ecosystem for DeFi enthusiasts. The points systems on both platforms suggest that airdrops are likely, which is a great way to bootstrap user adoption. By participating now, you’re positioning yourself to potentially benefit from these future rewards.
If you’re interested in exploring Rings, you can use my referral link to get started:
Rings Money Referral Link. It’s a win-win—you’ll earn points faster, and I’ll get a boost too!
Watch my video below which explains how it works - DYOR as usual!
Final Thoughts
The Sonic ecosystem is still growing, but it’s already showing a lot of promise. With major players like Aave returning and innovative apps like Rings offering liquid staking, there’s plenty to explore. Whether you’re into yield farming, staking, or just looking to diversify your DeFi portfolio, Sonic is worth keeping an eye on.
As always, DYOR and make sure you understand the risks involved. If you want to learn more about how Rings works, check out my video below for a detailed walkthrough.
