Sonic Incentives on CrossCurve MetaLayer
Introduction
CrossCurve is launching Sonic with an updated pool architecture built on the principle of isolated connections: each network connects to a universal asset within Sonic.
For example, the sxEthereum pool with the universal token xfrxUSD and the s-token с sUSDC_arb
This not only enhances the system's resilience but also opens direct access to all key drop programs of the Sonic ecosystem.
Now, every CrossCurve user can earn three types of rewards just by interacting with the app.
Currently, Sonic incentives are provided for all paired pools on Sonic and for the 3UNIT0 pool.
Sonic Points — Rewards for Users
This is the core drop mechanism from Sonic, focused on end users. Points are awarded for holding whitelisted assets and come in two types: passive (for storing assets in a wallet) and active (for using assets in third-party apps, such as CrossCurve), which earn double the passive rate.
Thus, farming Sonic Points through CrossCurve is twice as profitable!
The following assets offer different boosts:
scUSD — 6x
scETH, scBTC — 4x
At the end of the drop, Sonic Points will be converted into NFT-safes, from which $S tokens will gradually unlock. All information is displayed in the dashboard: my.soniclabs.com/points
Sonic Gems (cmGEMS1) — Rewards for Applications
This is a separate program for protocols and the second part of the Sonic drop. During the first season, 1 680 000 Gems will be distributed. 262 500 have already been pre-allocated to the winners of Sonic Boom. CrossCurve, as one of the winners in the Sapphire tier, has already received 8750 Gems. The remaining 1 417 500 Gems will be distributed based on user activity and multipliers. For CrossCurve as a bridge, a 5x multiplier applies.
We’ve decided to tokenize these as cmGEMS1 and allocate 100% of these tokens as rewards to liquidity providers in the project’s pools.
What is required from CrossCurve users?
- Provide liquidity to the project’s isolated Sonic pools on Sonic
- Rewards will be distributed through Merkl and will account for your veEYWA boost, if you have one. This can boost your yield up to 2.5x. The instructions to this particular step can be found here.
But perhaps the main advantage of cmGEMS1, unlike Points, is that they can be directly exchanged for $S.
Rings Points — Points from Token Issuer on Sonic
Rings Protocol is the issuer of the stablecoins scUSD, scETH and scBTC, which are present in the Sonic pools on CrossCurve. The protocol has its own drop program — Rings Points, which are awarded automatically, similar to Sonic’s own.
Like Gems, Rings Points can be directly exchanged for $S at the end of the season.
Conclusion
CrossCurve’s transition to Sonic is not just an upgrade, but a real expansion of economic opportunities for our liquidity providers. With the new pool architecture, almost every provider can receive triple incentive accrual - not counting CrossCurve’s own rewards.
Sonic incentives apply to all paired pools in the Sonic network, as well as the UNIT0 pool.
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