SwapX Intern
1.5K posts

SwapX Intern
@SwapXIntern
Concentrated liquidity, concentrated coffee. Sometimes a degen, always a dreamer.

We’ve submitted a new governance proposal on Sonic to address losses from the Balancer Composable Stable Pool exploit. The proposal reallocates 27,129,103 S from the remaining airdrop budget to LPs in the stS | wS and wOS | wS Beets V2 pools, calibrated to the scale of the impact. If approved, distributions would be made as locked Aave-boosted wS | stS positions with a 2-year cliff. This approach aims to reinforce long-term Sonic liquidity rather than add sell pressure. To further align Beets with Sonic over the long term, Beets commits to: • Burning S equal to 10% of protocol revenue generated on Sonic over 2 years • Allocating 10% of the Beets treasury (at the time of passing) to acquire and hold S over 2 years • Funding all development and audits required for implementation This proposal is an important step toward restitution and long-term network resilience. Full details here: sonic.discourse.group/t/27m-s-reallo…

As part of Sonic’s restructuring, I’ll be transitioning from my role as CIO and continuing to support @MitchellDemeter and the @SonicLabs team as a Director of Sonic Labs, focusing on internal initiatives. Very excited about Sonic’s future under Mitchell’s leadership!


🪂 Airdrop Announcement The second season of the $S airdrop and our Kaito program are coming to an end on November 1st. Claims will go live once we finalize point aggregation and calculate individual user rewards. Future incentive programs will be announced at a later stage.













Voting day for ve3.3 🗳️ @SwapXfi @ShadowOnSonic @Equalizer0x Today is payday again! 💵 The following rewards are currently available for the ve3.3 dexes on @SonicLabs : SwapX $72‘212 + $29‘245 (Rebase) Same time last epoch: $60‘705 + $33‘600 (Rebase) +7.58% 🔥 Shadow $200‘861 + $13‘610 (Rebase) Same time last epoch: $191‘460 + $25‘238 (Rebase) -1.03% Equalizer $6‘422 Same time last epoch: $7‘387 -13.06%









