Sonic Announces Token Airdrop for AVS Delegators via Solayer
New York, NY, December 12th, 2024, Chainwire
Sonic SVM, the first Solana L2, has announced a token airdrop allocation for Solayer users who delegate to Sonic’s Actively Validated Service (AVS). The initiative marks the first airdrop of its kind, distributing a portion of Sonic’s upcoming token supply to Solayer delegators and Adrastea participants in recognition of their early commitment and support.
Sonic will allocate a percentage of its forthcoming token airdrop to users who have delegated their SOL or eligible Liquid Staking Tokens (LSTs) to Sonic AVS on Solayer. The snapshot, capturing all qualifying delegations, will occur prior to Sonic’s Token Generation Event (TGE) in Q1 2025. This includes not only users who stake through Solayer, but also those who use protocols that are powered by Solayer – which includes protocols like Adrastea, a restaking protocol powered by Solayer that delegates Solana to Sonic’s Actively Validated Service(AVS).
As the largest delegated AVS on the Solayer platform, Sonic currently holds $80 million worth of SOL delegated by over 81,000 unique users. The rewards program sets the stage for a record-breaking airdrop while underscoring the importance of community participation in the growing Solana restaking ecosystem.
With over $360 million in Total Value Locked (TVL), Solayer has emerged as a key driver in the evolution of Solana restaking. Sonic AVS delegates via Solayer get to enjoy liquidity access through Liquid Restaking Token. Holders can leverage it across DeFi, including Banx, Orca, Meteora, and upcoming integrations. This partnership secures TVL for Sonic’s AVS while offering restakers greater flexibility with unlocked liquidity. Sonic’s decision to offer rewards to Solayer delegators further cements this synergy. By distributing tokens directly to active participants, Sonic ensures that the individuals and communities supporting network security and liquidity enjoy tangible benefits and a share in the platform’s long-term success.
Sonic CEO Chris Zhu said: “The airdrop confirmation signals our commitment to empowering those who have played a pivotal role in the growth of Sonic’s AVS. By rewarding Solayer delegators and Adrastea participants, we’re not only incentivizing broader participation but also ensuring that the users who have believed in Sonic’s vision from the start benefit directly from our growth.”
The announcement comes at a time of rapid expansion in Solana’s liquid staking landscape. With the market capitalization of LSTs exceeding $2 billion, community-focused initiatives like the Sonic airdrop help catalyze adoption and energize the restaking ecosystem. By ensuring seamless integration of rewards through Solayer and Adrastea user-friendly interface, Sonic is making it simpler than ever for delegators to track their contributions and reap the benefits.
About Sonic SVM
Sonic is the first SVM chain to launch on Solana, for games and applications. It is powered by Sonic HyperGrid, a framework for orchestrating optimistic Solana rollups. Sonic is the home of SonicX, industry’s first Web3 TikTok App Layer – designed to onboard the next billion users.
Learn more: https://www.sonic.game/
About Solayer
Solayer is a decentralized cloud infrastructure on Solana that advances restaking, staking, and network scalability. It aims to secure Solana and integrated SVM systems with enhanced performance, higher transaction throughput and increased bandwidth. Solayer also offers sUSD, the first yield-bearing stablecoin backed by T-bills on Solana to offer a stable incentive layer for integrations with Solayer and the larger Solana ecosystem.
Learn more: https://solayer.org/
About Adrastea
Adrastea is a pioneering Liquid Restaking layer on Solana, engineered to amplify capital efficiency and composability within the DeFi ecosystem. By offering liquid restaking and sophisticated smart AVS delegation, Adrastea empowers users to maximize both yield and rewards without sacrificing liquidity, transforming asset utilization across DeFi. Adrastea’s core principle is to remove barriers and simplify the restaking process, enabling users to retain liquidity and unlock additional value from their staked assets.
Learn more: https://adrastea.fi/
