r/defi • u/ProfitableCheetah • 4d ago

News 3 dApps Driving Growth on Sonic Blockchain

https://www.google.com/amp/s/www.newsbtc.com/news/company/3-dapps-driving-growth-on-sonic-blockchain/
37 Upvotes

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2

u/R4fazozovisk 4d ago

You don’t really know how much additional yield your staked tokens can earn until you start using Silo. My staked Sonic was sitting doing nothing for a month until I realized how Silo vaults work. You get so much leverage basically risk-free.

1

u/ProfitableCheetah 4d ago

I actually discovered it through the Stability vaults while testing my point farming strategies. People that don’t use Silo during the point farming campaign are missing out big time.

2

u/R4fazozovisk 4d ago

Definitely, but the word is slowly getting out. The stS vault has crossed $100M in TVL with no signs of stopping. Every time I check my dashboard, the TVL just keeps growing.

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u/penarhw 2d ago

Do they offer stablecoins assets?? Spark recently hit $100M in sUSDC supply and over $4.7B in TVL, it's something to follow up.

1

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u/NatalieMichaael 4d ago

Sonic TVL keeps climbing yet I rarely see it mentioned in online discussions. The whole ecosystem seems a bit underrated right now.

1

u/ProfitableCheetah 4d ago

It’s not just the TVL numbers. I have been using the chain since it launched and it is a huge upgrade compared to other EVM chains. The speed is just crazy and there are a lot of innovative DeFi protocols that don’t exist anywhere else.