Sonic SVM, the primary Layer-2 (L2) answer on Solana (SOL), has introduced a brand new token airdrop to reward Solayer customers who delegate to Sonic’s Actively Validated Service (AVS), in accordance with the data shared with Finbold on Thursday, December 12.
The airdrop will goal customers who’ve delegated SOL or eligible Liquid Staking Tokens (LSTs) to Sonic AVS through Solayer.
All qualifying delegations — together with not solely SOL stakers, but additionally customers of Solayer-powered protocols corresponding to Adrastea — will likely be captured in a snapshot occurring forward of Sonic’s Token Technology Occasion (TGE) scheduled for Q1 2025.
Chris Zhu, Chief Govt Officer (CEO) at Sonic, emphasised the importance of the airdrop, saying:
“The airdrop affirmation alerts our dedication to empowering those that have performed a pivotal position within the progress of Sonic’s AVS. By rewarding Solayer delegators and Adrastea individuals, we’re not solely incentivizing broader participation but additionally making certain that the customers who’ve believed in Sonic’s imaginative and prescient from the beginning profit immediately from our progress.”
New Sonic SVM airdrop
At present the most important delegated AVS on Solayer, Sonic holds over $80 million in SOL, with over 81,000 delegators.
The airdrop is, due to this fact, a manner for Sonic to point out appreciation for early adopters and spotlight the significance of neighborhood participation in Solana’s restaking house.
Customers who delegate to Sonic AVS through Solayer additionally achieve entry to LSTs, which permit for higher liquidity by integrations with decentralized finance (DeFi) platforms like Banx, Orca, and Meteora.
Further liquidity additional unlocks new alternatives for restakers and helps safe TVL for Sonic’s AVS.
The expansion of Solana’s liquid staking market
Solana’s liquid staking market is experiencing fast progress, with the overall market capitalization of LSTs surpassing $2 billion.
Initiatives just like the upcoming Sonic airdrop are thus serving to the platform drive adoption and additional energize its restaking platform.
By simplifying the staking course of for Solayer delegators, Sonic helps customers monitor their contributions and get rewarded for them.
