Mastering Sonic: 9 Simple Operations for a Smooth DeFi Experience

Holding $S is the first step for most activities in this guide.

Compiled by: Deep Tide TechFlow

Do you want to experience decentralized finance (DeFi) on Sonic but don’t know where to start? Perhaps you’ve heard of “circular investment” or “concentrated liquidity” but find these concepts too complex to understand.

If you, like me, prefer simple and straightforward operations while earning rewards (yield + points) without needing too much technical knowledge, then this guide is for you.

Disclaimer: This article is for educational purposes only and does not constitute investment advice. Please do your own research before participating in any DeFi protocol.

1. Holding $S

Holding $S is the first step for most activities in this guide. If you have assets on other blockchains, you can use applications like deBridge, Rhino, Magpie, or Stargate to bridge your assets over and acquire some $S.

Additionally, simply holding $S can earn you passive points for Sonic airdrops.

To learn more about cross-chain bridges, you can check out this guide or my pinned tweet.

2. Purchase NFTs on PaintSwap

Although purchasing NFTs does not strictly fall under DeFi, it is a simple way to interact on-chain. Visit PaintSwap to explore available NFT collections. Once you find a piece you like, you can place a bid or buy it directly.

While holding NFTs does not earn points, some NFTs offer additional benefits, such as airdrops or whitelist eligibility for other Sonic events.

3. Exchange $S for Liquid Staking Tokens (LST)

Liquid staking allows you to maintain liquidity while staking tokens. Exchange some of your $S for LSTs, such as stS (Beets), OS (Origin), or aS (Angles), to earn yields (for example, stS offers a 4.5% annual yield). These LSTs will also accumulate passive airdrop points.

Extra Reward: Transfer the newly acquired LST (e.g., OS) to Spectra, choose a fixed-rate (PT) position, and deposit OS to earn more yield.

4. Deposit USDC in Silo

Think of Silo as an on-chain bank account. You can deposit assets for lending. A simple way to earn yield is to deposit USDC into one of its markets and start earning a 6.5% annual yield—just like a bank, but on-chain. You can also earn passive airdrop points.

5. Provide Single-Sided Liquidity on SwapX

Traditional liquidity provision (LP) usually requires holding two assets in the pool (e.g., S/USDC). SwapX supports single-sided deposits, meaning you only need one asset (e.g., USDC). Find a stablecoin pool, deposit some stablecoins, and start earning trading fees.

6. Swap Tokens on Shadow

Have some $S that you want to exchange for other tokens? Even some meme coins? Head to the swap interface on Shadow, select your token, approve the transaction, and confirm. While this operation does not earn points, you can trade your favorite tokens.

Extra Reward: You can also stake on Shadow. Convert your assets to $SHADOW, go to the $xShadow tab, convert $SHADOW to $xSHADOW, and then stake. This way, you can earn rewards weekly.

7. Deposit Assets on Rings and Get scUSD

Rings offers a yield-bearing stablecoin, scUSD. Deposit USDC to mint scUSD, then stake it as stkscUSD to earn about 5.5% annual yield while accumulating passive airdrop points.

8. Stake $S on mySonic

Unlike staking $S for liquidity tokens (like stS), staking on mySonic does not provide liquidity tokens as rewards. Simply choose a node, stake your $S, and earn about 5.5% yield. While you can earn decent returns, this operation does not earn airdrop points.

9. Extra Reward: Boost Yields through Magpie

Once you are familiar with swapping and staking, you can take it a step further with Magpie Boosts to earn Eggs (Magpie points) for its airdrops. For example, you can deposit scUSD into the Euler vault to earn additional yield and collect Magpie rewards.

These operations are simple and can earn you rewards and airdrop points while simulating the functions of a traditional bank—but you are using Web3 tools like wallets and dApps.

DeFi doesn’t have to be intimidating. Sonic makes it easy for everyone to explore and enjoy.

Have fun!

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