TVL increased by 130% in a month. What opportunities are there on Sonic?

Recently, the market is in a narrative vacuum period, memes are out of power, and Solana's on-chain activities have plummeted. Most altcoins have dropped by more than 80% in three months. However, there is still a public chain with TVL growth of more than 130% in one month, ranking first in all public chains, that is Sonic.

What are the activities of Sonic recently? What key projects are worth paying attention to? Let WOO X Research take you to see!

 Reference: Defillama

What is Sonic? What is the recent airdrop activity

Sonic's predecessor was Fantom, which was launched in 2019. It focuses on DeFi and dApps. It was a hit from 2021 to 2022, and its peak TVL reached about 8 billion. In 2022, AC announced its temporary withdrawal from the DeFi industry, and the market's confidence in Fantom declined; in July 2023, a loophole occurred in the cooperative cross-chain bridge Multichain, and stablecoins (USDC-MULTI, fUSDT-MULTI, etc.) issued by the bridge contract on Fantom were significantly deaned, affecting the stability and trust of the entire ecosystem. Against this background Fantom proposed to upgrade to Sonic.

Sonic announced that it will issue a total of 190.5 million S tokens, and the reward mechanism for these tokens is divided into two parts: 25% of the rewards can be withdrawn immediately, while the remaining 75% will be released gradually in the form of tradable NFTs. Users can obtain qualifications through two ways:

• Points (for Internet participants)
• Gems (for developers). The return potential of these pathways may far exceed that of general speculative airdrops.

Sonic Points is a user-oriented airdrop point, divided into passive points and active points. Holding whitelisted assets in Web3 wallets can earn passive points, and deploying whitelisted assets in the application can earn active points; WETH, SolvBTC, and SolvBTC.BBN can only earn active points. The income from active points is twice as good as passive points.

Sonic Popular Projects

SheepCoin(@SheepCoin69)

 Reference: @SheepCoin69

Sonic Wolf Sheep Game is a strategic gaming ecosystem that combines blockchain asset management, NFT mechanisms and DeFi protocols. Players can build their own advantages and gain profits by purchasing, minting, protecting and attacking assets.

1. Purchase Sheep Coin: Players can use $S to purchase Sheep Coin at a ratio of 1:1. During this process, 95% of Sonic Tokens will be provided to Sheep Coin as liquidity. After it goes online, Sheep Coin can be traded freely.

2.Cast Wolf NFTs: Players can use Sheep Coin and $S to cast Wolf NFTs. The cost of each casting will increase with the number of times (1st only requires 1 Sheep, 2nd only requires 2 Sheep, and so on), and all Sheep Coins used to cast will be permanently destroyed. This means that each casting reduces the total supply.

3.Wolf NFT mechanism Wolf NFTs are attacking assets in the game, and their behavior patterns are as follows:

• Each Wolf needs to eat Sheep every day, and the consumption increases with the number of days (1 on the first day, 2 on the second day, and so on).
• If Wolf does not eat Sheep for 7 consecutive days, it will become unusable (presumably unable to generate revenue or participate in the game).

Wolf can eat in two ways:

• Liquidity Pool: If you eat Sheep from the liquidity pool, 100% of Sheep will be destroyed. Each Wolf can only be eaten from the liquidity pool at most 3 times.
• Wallet (own or someone else’s): If you eat Sheep from your wallet, 25% of Sheep will be given to the Wolf owner and the remaining 75% will be destroyed.

4. Shepherd Dog Protection Mechanism: Players can save their Sheep into Sheep Dog for protection. To remove, the player must activate "Sleep Mode", wait for 2 days and pay the handling fee.

5. Sheep Dog Reward Mechanism Sheep stored in Sheep Dogs can receive S rewards through annualized rate of return (APR). In addition, the handling fee paid by the player when withdrawing the assets will also be part of the reward.

The following is an explanation of the game

Core concept: Through "wolf eating sheep", it causes sheep to continue to deflate, thereby pushing up the price of currency

• Although the number of sheep will gradually decrease, the Sonic Tokens configured in the liquidity pool will not decrease, which means that the value of holding sheep has a chance to rise steadily. However, players still have to bear the risk of being attacked by wolves.

About Wolf: High cost, high risk, but also potentially high returns

• The cost of casting of wolves will gradually increase due to different casting orders, and whether they can make a profit depends largely on whether they can eat the sheep of other players. If a wolf is unable to eat for a long time or the wolf is starved to death, it may lead to investment failure.
• If a large number of wolves appear on the market at the same time, the battle to seize sheep will become more intense; but if the number of wolves is limited, the speed at which the sheep is destroyed may not necessarily support the wolf's quick profit.

Shepherd Dog: Maintain daily rent for safety and extra benefits

• A fixed 10 S are required to be paid every day as rent, and 95% of them will be given back to everyone as APY. If the amount of sheep in hand is too small, it will be difficult to make a profit; but if the number of sheep is sufficient, the protection sheep will appreciate over time.
• Sheepdogs exist to avoid sheep being eaten and to make additional profits from the sheep that continues to increase in value.

Game Question 1: Is it worth investing in casting a wolf?

• There is a competitive relationship between the players. The sooner you grab the casting, you can gain an advantage, but at the same time, the fierce competition and high costs must be considered.
• Wolves' eating strategies are crucial: eating quickly in the short term can accelerate the return of money, but it can also cause wolves to have a demand for sheep soar rapidly. If the eating rhythm is slow, although it can extend the wolf's survival and activity space, it will take longer to recover.
• Since sheep will gradually appreciate due to deflation, the income from eating a sheep in the later stage may not be worse than the previous stage, so "when to eat" is a major strategic consideration.

Game Question 2: Do you want to rent a sheepdog?

• No matter how many sheep the player has, the same rent will be paid. If you want to make this rent back by APY, you need a relatively large amount of sheep to spread the cost.
• The essential function of a sheepdog is to ensure that the sheep are not eaten by wolves, and at the same time enjoy the advantage of the price increase of sheep coins.

Possible situations and corresponding strategies

• Since the cost and uncertainty of wolves are high, there may not be a large number of players rushing to cast wolves; when wolves are relatively rare, the sheep will be destroyed slower, and the wolf's profit cycle may be delayed.
• If everyone chooses not to use a sheepdog, they may disperse the sheep into multiple wallets in an attempt to reduce the risk of being locked attacks.
• There is no fixed "best solution" in the game, because the market and player actions will change at any time; to ultimately make profits, you need to continue to pay attention to ecological dynamics and flexibly adjust your strategies.

Petroleum Finance(@Petroleum_Defi)

Petroleum City is a blockchain game with the theme of oil extraction. Players refine crude oil (cOIL) through building, upgrading and managing Pumps and convert it into tradable $OIL for profit. The following are the core mechanics of the game:

1. Buy a plot

• Each player can purchase and customize his own plot to build an oil empire.
• The plot can increase production capacity by adding pumps, decorations, etc.

2. Buy some Pumps

• Pangpu is the core production tool of the game, and each Pangpu will continue to automatically produce cOIL (crude oil).
• Pangpu can be upgraded to increase production, but it will gradually decline over time (Decay), and it requires cOIL to be repaired before continuous production can be continued.

3. Add decorations

• Players can decorate plots to enhance their appearance and personal style.
• You can suggest new decorations through the App or Discord.

4. Refine your $cOIL

• The output cOIL must be refined by a "refinery" before it can become a tradable $OIL.

• The lock-up period and tax rate for refining are as follows:

• 0 - 1 day: Cannot be picked up.

• 1 - 2 days: 10% tax is required for withdrawal.

• 2 - 3 days: 5% tax is required for withdrawal.

• More than 3 days: tax-free withdrawal.

• The longer the refining time, the higher the profit.

Test and suggestions

1. Ensure continuous production: Keep enough cOIL for repair of pumps to avoid interruptions in oil production.
2. Optimize refining strategies: Try to wait until 3 days to withdraw $OIL to avoid high taxes.
3. Upgrade and decoration balance: At the same time, improve the production capacity and decoration effect of the Pangpu and increase the overall output.

Petroleum City takes "Producing cOIL → Repairing Pangs → Refining into $OIL → Repeat Investment and Upgrade" as its core cycle. Players need to reasonably plan production, refinement and upgrade strategies in order to obtain profits steadily and expand assets.

 Reference: @Petroleum_Defi