Rings, Sonic & Veda Points
Last updated
Last updated
The base system of Rings points is the following (but subject to evolutions as cycle passes):
1x if holding;
2x if staked;
up to 3x if locked;
1.5x in Liquidity Pools (only for scAssets in the LP);
The Rings Point campaign will last 25 weeks, each representing a cycle eligible to 4% of the final total GEM drop. At the end of the campaign a portal will be opened and users will be able to redeem their Rings Points for $S.
Rings Points Dashboard: https://app.rings.money/#/points
The protocol benefits from a healthy amount of incentives in order to bootstrap its adoption. Besides the 4-6x Sonic Points per scAssets, Rings is a large contender for the GEM airdrop:
As an Emerald Tier winner from Sonic Boom, Rings already has a headstart. The additional 8x boost will enable it to boast one of the largest drop opportunities of the ecosystem.
Sonic Points Dashboard: https://my.soniclabs.com/points/leaderboard
scAssets minters stakers are eligible for a x3 bonus on Veda Points
Veda Points Dashboard: https://app.veda.tech/points
Veda Points earned = USD equivalent balance * 0.01 * days held.
