⚡️ Sonic Ecosystem's #1 LSD + DEX <Beets>
To get started in the @SonicLabs ecosystem, the first thing you might be looking for is:
"Where can I stake?"
"Where can I buy tokens?"
You can solve all these functions at @beets_fi!
1. Beets
Beets was originally a project that started on the Fantom network under the name Beethoven X.
It later transitioned to Sonic and was rebranded as Beets.
Currently, it is the #1 LSD and DEX on the Sonic chain, working closely with @aave.
2. Staking
When you stake $S tokens on Beets, you will receive $stS.
$stS automatically accumulates staking rewards,
and you can exchange this token for $S at any time on the DEX or supply it as collateral on Aave to earn additional income.
3. Swap + Liquidity Provision
At Beets, you can not only stake but also:
- Swap various tokens on the DEX
- Participate in multi-token liquidity pools
- Earn swap fees + boosted pool interest income
You can strategically utilize DeFi.
4. Summary
For staking and swapping in Sonic, it's @beets_fi!
Show original
5
564
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.