Sonic Has Announced a Token Airdrop for AVS Delegators on the Solayer Platform

Layer 2 network on Solana, Sonic SVM Sonic is distributing a token allocation targeting users who delegate SOL or eligible Liquid Staking Tokens (LSTs) to its AVS through the Solayer platform. A snapshot will be taken to capture eligible delegations right before Sonic's Token Generation Event (TGE), set for the first quarter of 2025. This initiative encompasses not only those directly delegating on Solayer but also users engaging with integrated protocols like Adrastea, which is focused on facilitating the restaking of Solana to Sonic's AVS, thereby enhancing ecosystem integration. Solayer Solayer Strengthens its Role in the Expanding Solana Restaking Landscape Adrastea Currently the largest delegated AVS within the Solayer framework, Sonic oversees a staggering $80 million in SOL, contributed by more than 81,000 individual users. This rewarding initiative seeks to establish a new standard for participation in airdrops while highlighting the crucial role the community plays in the growth of Solana's restaking ecosystem.

With over $360 million in Total Value Locked (TVL), Solayer has emerged as a significant contributor to the evolution of Solana's restaking capabilities. Users who delegate their assets to Sonic AVS via Solayer can access liquidity through the Liquid Restaking Token, which is further usable across numerous decentralized finance (DeFi) platforms, including Banx, Orca, Meteora, and additional future partnerships. This collaboration secures TVL for Sonic's AVS while delivering enhanced flexibility to restakers, thanks to the liquidity being unlocked. Sonic's choice to reward Solayer's delegators further fortifies this alliance, ensuring that those who actively support the network's security and liquidity receive substantial incentives, thereby allowing them to have a stake in the platform's continuous growth and success.

Solayer This announcement arrives during a period of rapid expansion within Solana's liquid staking sector. With the market capitalization of Liquid Staking Tokens surpassing $2 billion, community-centric actions like this airdrop are vital for facilitating adoption and revitalizing the restaking ecosystem. By seamlessly integrating rewards through Solayer and Adrastea's user-friendly interface, Sonic is simplifying the delegation process, allowing users to efficiently track their contributions and maximize their potential rewards.

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Alisa, an enthusiastic journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the vast landscape of Web3. With a sharp awareness of emerging trends and technologies, she provides detailed insights to keep her audience informed in the ever-evolving sphere of digital finance.

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