Sonic USD price

My 2 new favourite yield farms on @SonicLabs 🚀 • 39% APY potential on Stablecoins • Up to 20x points for the Sonic airdrop • Earn $SUMR from @summerfinance_ • Earn Silo points for @SiloFinance airdrop Step 1) > Lend $S, $wS, $stS or $wETH on @aave (0.9% - 2% APY for supplying) > Use that collateral to borrow $USDC (only 0.9% APY for borrowing!) Tip: Always remember to keep the loan to value (LTV) around 1.9-2.5 just in case there are any falls in the price of the supplied assets. This means it will take at least a 40% swing to the downside to get liquidated, giving you enough time to re-position. Now, there's 2 strategies to use, one to speculate on the $SUMR token and the other on the $SILO token Step 2) Option 1 > Supply the USDC in the USDC.E pool on @summerfinance_ > Now you're earning 7.13% native yield + 32% yield in $SUMR + 12x Sonic points for the airdrop coming up in June (USDC.E is simply USDC natively now, so USDC.E is just USDC in your wallet, no need to swap, Summer Fi just needs to update their pool name) $SUMR is the native token for Summer Fi. It is live but it is not tradeable. The only way you can earn it is by using Summer Fi. However, the team have stated on their website that the token aims to be transferrable in July! They have over $100M in FDV right now so I imagine the token will trade at a good total FDV. However, if you don't want to speculate on $SUMR, you can use Silo's pools 👇 Step 2) Option 2) > Swap your $USDC into $scUSD on @ShadowOnSonic > Supply scUSD in the earn vault on @SiloFinance > Now you're earning 19.1% APY + 12x Sonic points for the airdrop in June Final thought: Both options are great to earn yield and Sonic points at the moment considering you can borrow USDC for 0.9%. Netting at least 19% APY & earning 8x Sonic points on the Aave deposit + 12x Sonic points for Summer Fi & Silo deposits 🔥 The supply rate for USDC on Aave has consistently been less than 2% so you will always make margin on that if you deposit into Sonic Dapps. Will keep thanking you for the best stablecoin yield in the game @AndreCronjeTech ⭐️ -------------------------------------------------- Hope you liked the thread today & shoutout to the Sonic community! Worth giving everybody a follow to stay up to date with the latest updates! @KingsFantom @cryptohamm @Sonichub_ @crypto_linn @SonicAssistant @hackapreneur @SellekArt @YJN58 @block_ecologist @theFantomgoat @SjHarcourt @mr_pschmitt @Lady_Mania528 @Intern4Sonic

Incentives are now streaming to the @Re7Labs managed vaults on Silo Sonic. Deposit in their $USDC and $scUSD vaults to earn your share of $SILO rewards - yes, those 3 digit APYs are real (for now) Start earning below. 👇

That is half a million dollars per week to S/USDC LPs Good technology. I would even go as far as saying great technology. SILO SONIC SHADOW

$1,845,473+ rewards this epoch! 🔶 🔸 STABLE 🔸 $USDC / $EURC.e ≈ 735% $USDC / $USDT ≈ 21% $xUSD / $aSonUSDC ≈ 11% $USDC / $scUSD ≈ 6% 🔸 LST 🔸 $OS / $S ≈ 177% $beS / $S ≈ 87% $stS / $S ≈ 40% 🔸 VOLATILE 🔸 $S / $ETH ≈ 3,997% $EGGS / $USDC ≈ 2,999% $S / $USDC ≈ 2,561% $stS / $USDC ≈ 2,452% $SHADOW / $S ≈ 2,395% $EGGS / $WETH ≈ 2,375% $ANON / $USDC ≈ 2,341% $USDC / $WETH ≈ 1,672% $WBTC / $S ≈ 1,601% $beS / $USDC ≈ 1,570% $PENDLE / $S ≈ 1,432% $WBTC / $WETH ≈ 1,222% $NAVI / $S ≈ 836% $WBTC / $USDC ≈ 302% $GEMS / $S ≈ 256% $SHADOW / $S (UNI V2) ≈ 172%