- Discussions/
- #108/
Sonus Exchange Integration of Bifrost ASTR Staking Program
About Sonus Exchange
Sonus is a next-generation AMM designed to serve as Soneium's central liquidity hub, combining the secure and battle-tested advantages of Uniswap v3 and Solidly models with a custom incentive engine, a vote-lock governance model, and an optimized user experience.
Sonus' model encourages active participation by holders. Token Holders receiving distributions are likely to act in ways that maximize the protocol’s value generation in the long term.
Highlights of Sonus Exchange and Team
- 1.9k+ followers on Twitter
- 2k+ dApp users
- 300k+Swaps on Minato Testnet
- Partnered with other LST/LRT projects from Astar
Sonus Team also developed SwapBased, the #2 DEX by TVL and Volume on Base chain for the initial months, with close to $1B in Trading Volume.
Summary
We propose a strategic partnership between Sonus Exchange and Bifrost to integrate Bifrost’s liquid staking of ASTR to mint vASTR on the Sonus ecosystem. This collaboration will establish a portal for users to mint vASTR through Sonus while also creating an incentives system for vASTR-ASTR liquidity. Our goal is to enhance both networks by providing mutual benefits and strengthening our respective communities.
Given these minting benefits and flywheel possibility we would be assigning Bifrost as one of our Main partners and sharing it with our community, on AMAs, etc. We are also willing to offer a veSONUS position to the Bifrost Treasury in order to being able to maintain a minimum share of Sonus’ total weekly rewards directed into vASTR LPs.
vASTR Integration
The portal of minting vASTR will be integrated into Sonus Exchange with the following:
- A dedicated minting page will be implemented for the vASTR collaboration
- vASTR Whitelist and Gauge created, allowing for liquidity provision rewards.
- Portal to minting page when the user has selected vASTR while swapping
Incentive Program
Sonus’ Bifrost vASTR commission share request is 50%. This will be used as bribes/incentives to the vASTR-ASTR gauge.
In practice this commission is shared with our voting token holders but their votes to get them will increase the emissions of the vASTR LP, incentivizing more liquidity therefore bigger chance of minting.
Commission Receiver Address - fYAL5D16NCGX44ZxsXc7uTbQXuMNgDfCN5d3RgsY9XW1HVm
Website: https://sonus.exchange
Discord: https://discord.com/invite/xX7EtE8xVp
Twitter: https://twitter.com/SonusExchange
Documentation: https://docs.sonus.exchange/
- Sonus Exchange is a new type of trading system that helps people swap tokens easily.
- It works with other projects to make trading better and safer.
- Sonus has many users and has done over 300,000 swaps on a test network.
- The team also created SwapBased, a popular trading platform on another network.
- Sonus wants to partner with Bifrost to let people mint vASTR tokens on their platform.
- They will create a special page for minting vASTR and offer rewards for providing liquidity.
- Sonus will share 50% of the commission from vASTR trading to encourage more people to join.
We Use Cookies!
This site uses cookies to improve your browsing experience, to show you personalized content, to analyze our website traffic.
3mos ago
Clear schemes, good job.
Pls attach your commission receiver address.
Edited