Rings
Overview
Veda is the vault infrastructure powering Rings, a meta-asset protocol for USD, ETH, and BTC that delivers attractive staking returns, supplies deep liquidity for Sonic DeFi, and channels funding to Sonic DeFi initiatives through its lockers.
Built on Veda’s BoringVaults and inspired by Blast’s capital-efficient bridge design alongside Solidly’s ve(3,3) model, Rings sets out to become the Sonic ecosystem’s go-to medium of exchange.
scUSD, scETH, scBTC
Deposit your ETH, BTC, or stablecoins on Rings to mint the corresponding scETH, scBTC, or scUSD on the Sonic network. There, the assets are locked 1-for-1 in an Ethereum-based Veda vault and you receive matching scETH, scBTC, or scUSD. The vault farms the deposits across Aave, Morpho, and similar protocols, compounding the yield. Each epoch, the earned yield is converted into more sc-tokens and distributed to Sonic dApps according to veNFT gauge votes.
Sonic USD
scUSD
0xd3DCe716f3eF535C5Ff8d041c1A41C3bd89b97aE
Sonic ETH
scETH
0x3bcE5CB273F0F148010BbEa2470e7b5df84C7812
Sonic BTC
scBTC
0xbb30e76d9bb2cc9631f7fc5eb8e87b5aff32bfbd
stkscUSD, stkscETH, stkscBTC
When Rings users stake scETH, scBTC, or scUSD, the tokens are routed to a Veda vault on Sonic. There, automated farming and rebalancing strategies generate yield, which is periodically redistributed to the stakers.
Staked Sonic USD
stkscUSD
0x9fb76f7ce5fceaa2c42887ff441d46095e494206
Staked Sonic ETH
stkscETH
0x455d5f11fea33a8fa9d3e285930b478b6bf85265
Staked Sonic BTC
stkscBTC
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