Staking

Activating Yield-Bearing Properties

Rings users have the opportunity to stake their scAssets on the Rings app to harness the native yield-bearing capabilities of these assets. When users stake scUSD or scETH, their assets are transferred to a Veda Boring Vault on Sonic. This vault is instrumental in automating sophisticated farming strategies that maximize returns.

The Veda Boring Vault is designed to streamline the process by dynamically rebalancing assets and efficiently deploying them across various DeFi protocols. This ensures optimal asset allocation and the continuous generation of returns. The resulting yield is then redistributed to the stakers, providing them with passive income without the need for active management.

Staking of scAssets on Sonic to earn yield

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