Sonic Upgrade Stages

Migrating the hubchain to Sonic is a major system upgrade affecting the protocol’s architecture, mechanics, and economy. The principles of working with liquidity are changing, system resilience is increasing, and new earning opportunities are opening up for CrossCurve users. Below are the key stages of this transition:

1. Deployment of Pools on Sonic✅

Pools based on a new architecture—isolated pair pools—are being launched on Sonic. Previously, large multichain pools were used, combining up to 8 blockchains with synthetic derivatives. Now, each pool includes only the liquidity of one isolated blockchain and the hubchain – in this case, the liquid tokens of the Sonic blockchain.

This approach enhances the system’s overall resilience and reduces imbalance risks. Individually, the pools will be less liquid, but the overall architecture will provide greater flexibility, resilience, and potentially higher returns for liquidity providers.

2. Whitelisting on Curve and Activation of CRV Incentives✅

We are initiating a voting process in the Curve DAO to get whitelisted and connect the pools to protocol reward distribution. This will allow us to activate CRV incentives for our pools and increase yields for our liquidity providers. Since the voting takes about two weeks, we are starting the process in advance to launch reward distribution as quickly as possible after migrating our hubchain.

3. Connecting Sonic Pools to Routing

After deployment and basic setup, the Sonic pools will be connected to our routing system. At this stage, swaps through the new pools in Sonic will become available to CrossCurve users. To ensure a seamless transition, Sonic and Fantom pools will operate in parallel, allowing liquidity to flow between them without interrupting system functionality.

4. Activation of CrossCurve DAO Incentives on New Pools✅

After launching the pools and connecting them to the infrastructure, we will activate incentives from CrossCurve DAO – our first step in attracting liquidity to the new Sonic pools. External projects will be able to offer rewards to CrossCurve DAO participants in exchange for votes on specific liquidity pools, allowing users to start earning right away.

5 Connecting Sonic Gems to Incentives on Fantom Pools✅

As Sapphire-tier winners in the Sonic Boom program, we possess special airdrop points called Gems. These are distributed among applications based on product metrics and activity. We will direct all of them toward incentivizing liquidity in our pools in the form of the cmGEMS1 token, using it as a reward distribution mechanism within the protocol.

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6. Disabling Incentives on Fantom Pools

As incentives are activated on Sonic pools, they will simultaneously be disabled on Fantom. However, CRV rewards will continue to be distributed for some time after deactivation due to the mechanics of Curve.

7. Disconnecting Fantom Pools from Routing

After most of the liquidity has been migrated to Sonic, Fantom pools will be disconnected from the routing system. Swaps through them will no longer be possible; the pools will remain accessible for withdrawals only. It is especially important for CrossCurve users to move their assets before this stage to avoid high slippage, as the majority of liquidity will have already been relocated.

8. Connecting Sonic Points and Rings to New Pools

At this stage, the pools will start generating Sonic Points and Rings, allowing liquidity providers to participate in additional reward programs, including all future airdrops. Thanks to the new pool architecture, half of the liquidity will be concentrated in Sonic blockchain assets, enabling our users to earn even more incentives

9. Activation of $EYWA and $CRV Rewards via Votemarket

After completing the Curve vote and configuring campaigns on Votemarket, we will activate the reward distribution in $EYWA and $CRV tokens – thus completing the migration of our hubchain to Sonic and fully launching most of the economic incentives in the new pools.