What is Rings?
Rings is a decentralized protocol built on the Sonic blockchain that introduces a new class of meta-stable assets designed to generate yield and drive liquidity within the Sonic DeFi ecosystem. At its core, Rings enables users to mint scUSD and scETH—synthetic, composable assets backed by major stablecoins and ETH derivatives.
Users can deposit assets like USDC, USDT, DAI, ETH, or stETH to mint scUSD or scETH with no fees. These synthetic assets can then be staked into Veda Vaults, where they are deployed into yield strategies that generate on-chain returns. The protocol distributes this yield back to users through a transparent and gauge-based rewards system.
Rings uses a veNFT (vote-escrowed NFT) model for governance. By locking scAssets, users receive veNFTs that grant governance rights, boosted yield rewards, and influence over Veda Vault emissions. This system incentivizes long-term alignment and capital efficiency.
Deeply integrated into Sonic's infrastructure, Rings serves as both a liquidity layer and a mechanism for stable, yield-bearing composability. Whether you're a passive staker or an active participant in protocol governance, Rings provides tools to maximize returns and deepen participation in Sonic-native DeFi.
Rings Protocol Airdrop (Points Program)
Rings is a decentralized protocol on the Sonic blockchain that offers yield-bearing meta-stable assets designed to drive liquidity within the Sonic DeFi ecosystem. Users can earn Rings Points that will directly influence their allocation of the upcoming $S token (Sonic's native token) airdrop. The Rings Points campaign will run for 25 weeks, with each week representing a cycle eligible for 4% of the final total GEM drop, culminating in a portal where users can redeem their accumulated points for $S tokens.
The protocol plays a crucial role in the Sonic ecosystem by providing scUSD and scETH, synthetic assets that are highly incentivized in the Sonic Points program with boosted multipliers of 6x and 4x respectively. By participating in Rings Protocol, users can maximize their potential airdrop allocation while accessing yield-generating opportunities.
✅ How to Qualify for the Airdrop:
- Join Rings Protocol: → Referral Link – defishills.com/rings.money
- Earn Rings Points with scUSD:
- Staked scUSD / Wrapped stkscUSD: 48 Rings Points / $ value / day
- Locked scUSD: Up to 72 Rings Points / $ value / day
- Liquidity pool scUSD: 48 Rings Points / $ value / day
- Lending wstkscUSD: 48 Rings Points / $ value / day
- Earn Rings Points with scETH:
- Staked scETH / Wrapped stkscETH: 36 Rings Points / $ value / day
- Locked scETH: 36 Rings Points / $ value / day
- Liquidity pool scETH: 36 Rings Points / $ value / day
- Lending wstkscETH: 36 Rings Points / $ value / day
- Earn Rings Points with scBTC:
- Staked scBTC / Wrapped stkscBTC: 3.6 Rings Points / $ value / day
- Locked scBTC: 3.6 Rings Points / $ value / day
- Maximize Points with Additional Options:
- thveUSD: Up to 72 Rings Points / $ value / day
- thveETH: 36 Rings Points / $ value / day
- Liquidity pools: 24-36 Rings Points / $ value / day depending on the pool
- Lending scUSD/scETH: 24 Rings Points / $ value / day
- Leverage the veNFT System:
- Lock stkscUSD or stkscETH to receive veNFTs
- Use veNFTs to vote on liquidity distribution across DeFi apps
- Receive vote incentives (bribes) from apps competing for liquidity
- Balance between veNFT bribes and direct staking rewards
📊 Additional Rewards:
- Sonic Points Multiplier: As holders of scAssets, Rings users earn 4-6x Sonic Points for holding these assets, significantly boosting their potential $S token allocation
- Veda Points: scAssets minters and stakers are eligible for a 3x bonus on Veda Points (calculated as USD equivalent balance × 0.01 × days held)
- Emerald Tier Winner: Rings is an Emerald Tier winner from Sonic Boom, giving it an 8x boost in the GEM airdrop opportunities
