How to effectively gather points in Sonic
@SonicLabs Everyone is working hard on yapping, but the reason I actually wanted to enter the Sonic yapping leaderboard is that, aside from Falcon, I'm actually farming the other stablecoins on the Sonic chain.
Currently, in Sonic, there are Silos that offer up to 15% APY without looping, just by depositing. By putting in USDC and operating within the Silo, you earn interest, accumulate Sonic points, and also gain Silo points, which can then be further invested in Pendle to earn even more.
So usually, when I deposit into Pendle's Silo, I find it disappointing that I can't always receive the full APY because my Pendle isn't staked enough. However, while engaging with Falcon, I learned about Penpie and became aware of projects that address the limitations of individual Pendle staking. Penpie has the advantage of being able to include these Silos from Sonic to achieve maximum boosting.
The method is to provide liquidity to the desired Silo in Pendle and then reinvest the corresponding LP tokens back into Penpie, which increases the Pendle rewards to 1.15%. Additionally, for the Sonic points, in the case of the Greenhouse I deposited, it offers up to 12 times the rewards, and Silo points can be mined at a rate of 3 times.
Show original

3.58K
10
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.