The Sonic ecosystem is exploding as it nears a billion in TVL, siphoning liquidity from Solana and Ethereum along the way.
This is no doubt because of the airdrop, where users are racing to find creative ways to get the max amount of points before the June airdrop.
I wrote about an 80x here, but I’ve been degening hard, uncovering new, creative ways of maximizing your points.
It’s important to farm intelligently; the best way to do that is to farm projects with the biggest gem allocation.
Gems were awarded to the top projects of Sonic Boom, and there is no bigger gem allocation than Silo.
Below, I’ve outlined the best way to maximize your points allocation by farming Silo, including a 452x, super degen points multiplier that involves Pendle.
Read this if you want to amass 80x points without the risk of loss.
Please use my referral code if you haven’t signed up to farm the airdrop.
LDKF7Q
https://my.soniclabs.com/points
I am not getting paid for this, so I am maximizing my airdrop opportunity to create this content through referrals.
Super Degen Points Multiplier
Read this to get started if you haven’t bridged over to Sonic yet.
Once you have Sonic in your wallet, do the following:
Go to Silo and click on the top market for stS.
Click on on deposit, and deposit S.
This part is essential, so pay attention to avoid liquidation.
You’ll want to deposit with a 2 to 1 ratio in mind.
By that, I mean deposit 2x the amount of S you borrow in stS.
Your health factor will tell you if you’re at risk of liquidation.
Because this strategy is degenerate, I’m keeping mine at around 50%.
I personally don’t want to overleverage in two different places.
Once you decide how degen you want to go, click deposit and approve the transaction.
From there, click “borrow” and borrow stS.
Double-check and make sure your health factor is where you want it to be.
Approve the transaction and then go to Pendle, where things get really degen.
From there, click on “points market” at the top, and then click on “stS” box.
Click on “purchase YT sts.
Warning: Before you move forward, read the box carefully and understand you can lose whatever you deposit from this point forward.
The only thing you will get in return is points, so you’ll have to decide how much you’re willing to lose to multiply your points and get more for the airdrop.
If you’re comfortable with this, proceed to the next step: click “max” and then approve stS.
From there, click “swap” into YT stS.
You can see if the transaction was successful by clicking “dashboard” at the top of the website.
You can close your position whenever you want, and you’ll get your money back and the points you’ve accrued during that time, minus the loss.
If you leave the position there, it will literally go to $0, but you’ll have amassed points for the airdrop.
Now, you’ll need to decide how much you’re willing to lose for a 452x multiplier.
No one really knows how much points are worth just yet, so it’s a gamble.
You can check if your points are updated here:
https://my.soniclabs.com/points
Please use my code when you sign up so I get credit: LDKF7Q
Activity points are updated every 24 hours, while passive points are updated every hour. Check back the next day to see how much you’ve accrued.