Stryke Deploys on Sonic
Sonic markets are now active on the Stryke Dapp, allowing users to trade on-chain options for wS/USDC.e and wETH/USDC.e immediately.
On top of earning points and gems towards the $S airdrop, Liquidity providers on Sonic can now tap into potentially higher APRs, while traders can enjoy liquidation free leverage.
If you need to bridge funds onto Sonic, head over to the Sonic Bridge now.
What This Means for You
- Multi-Chain Trading Flexibility Users can trade options on Sonic via Stryke’s CLAMM or partner DEXs, choosing whichever interface suits them best.
- Gem Rewards and $S Qualification Stryke earned 4,375 Gems by winning Ruby in Sonic Boom. By accumulating additional Gems in the Sonic ecosystem, we can claim $S tokens that will go to CLAMM depositors based on LP earnings. A leaderboard is in the works to help users track their progress.
For more details on Sonic rewards, refer to the official Sonic docs.
Markets Now Live on CLAMM
- wS/USDC.e
- wETH/USDC.e
Seamless Integration with Partner DEXs
Building on Stryke’s proven success with partners like PancakeSwap, partner DEXs will soon offer a user-friendly interface for Stryke’s CLAMM product. As new integrations roll out, users of these protocols will be able to access CLAMM features directly from the DEX’s native UI.
(Note: A dedicated frontend for Equalizer is also in development, further expanding the cross-chain experience.)
Why This Matters
- Broader Accessibility On-chain options trading on Sonic opens the door for both new and seasoned traders to explore cross-chain opportunities.
- Reward Opportunities Liquidity providers can potentially earn high APRs on Sonic. Gems earned through LP activities can be converted into $S tokens, increasing return potential.
- Enhanced Liquidity Combining Sonic’s liquidity with partner DEXs creates a more efficient environment for on-chain options trading.
How to Get Involved
- Trading Points Users earn points by trading options on CLAMM through the Sonic network. A leaderboard is on the way, so everyone can keep track of performance.
- LP and Gem Distribution Provide liquidity through the Stryke Dapp or, once available, our partner DEXs. The more LP earnings a user has, the more Sonic Gems they receive.
For a step-by-step guide to trading and providing liquidity with CLAMM, check out our CLAMM Walkthrough.
Stay tuned for updates as we launch a dedicated Equalizer frontend powered by Stryke’s CLAMM, offering a fully integrated Stryke x Sonic experience.
About Stryke
Stryke is a decentralised options protocol that focuses on maximising liquidity and enhancing gains for option buyers while minimising losses for option writers—all in a passive approach.
Stryke employs option pools that enable anyone to effortlessly earn yield. The protocol provides value to both option sellers and buyers by ensuring equitable and optimised prices for options at various strike prices and expiries, achieved through our proprietary, cutting-edge option pricing model designed to mirror volatility smiles.
📱Stay Connected
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🚨IMPORTANT
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