Rings Protocol is a stablecoin and meta-asset protocol that earns yields and is operational on the Sonic blockchain. Users can now bridge stablecoins and Ethereum-based assets to Sonic, where they can be staked to mint derivatives like, scUSD, scETH, and scBTC. These assets enable earning passive income while enhancing liquidity in Sonic’s DeFi ecosystem.
In addition, Rings Protocol has introduced a points system which will later be redeemable for an airdrop of $S tokens which are native to Sonic. For everyone looking for a confirmed free airdrop, this is one of the best opportunities. The following guide will explain how to earn crypto airdrops and reap the maximum benefit while earning passive income.
How Rings Protocol Works
Rings Protocol enables users to deposit and stake assets to receive scAssets, which are yield-bearing tokens. The system functions as a liquidity bridge between Ethereum and Sonic, enhancing DeFi accessibility.
Supported Assets
You can deposit the following assets into Rings Protocol:
- Stablecoins: USDC, USDT, GHO, DAI, USDS
- Ethereum-based assets: ETH, stETH, weETH
- Bitcoin-based assets: WBTC, LBTC
When you deposit these assets, you receive yield-generating scAssets:
- scUSD (for stablecoins)
- scETH (for Ethereum-based assets)
- scBTC (for Bitcoin-based assets)
These scAssets automatically generate yield through DeFi strategies managed by Veda Labs.
Rings Protocol Airdrop Explained
Rings Protocol has introduced a 25-week points program, where users earn Rings Points by interacting with the platform. If you are looking for a free airdrop checker or information on how to earn free crypto without investment, this campaign provides a great chance to earn free crypto.
At the end of the campaign, these points will be converted into $S tokens. Users searching for crypto airdrop Reddit discussions will find Rings Protocol among the most talked-about projects.
How to Earn Rings Points
You can accumulate Rings Points through various activities:
- Holding scAssets: 1x multiplier
- Staking scAssets: 2x multiplier
- Locking staked scAssets: Up to 3x multiplier
- Providing liquidity in pools: 1.5x multiplier
- Referral program: Earn 5% bonus Rings Points per referral
At the end of the campaign, users can redeem their Rings Points for $S tokens through a dedicated portal, making it a confirmed airdrop free for all participants.
Step-by-Step Guide to Participating in the Rings Protocol Airdrop
1. Set Up a Wallet
Use a compatible EVM wallet like MetaMask.
2. Connect to Rings Protocol
Visit the Rings Protocol website and connect your wallet.
3. Acquire Eligible Assets
You need USDC, WETH, LBTC, WBTC (from Sonic) or stablecoins and ETH (from Ethereum).
4. Bridge Your Assets to Sonic
Use Rhino.fi to transfer assets from Ethereum to Sonic.
5. Mint scAssets
- Deposit stablecoins → Get scUSD
- Deposit ETH/LSTs → Get scETH
- Deposit Bitcoin tokens → Get scBTC
6. Stake or Lock Your scAssets
- Stake scAssets → 2x multiplier
- Lock staked assets → Up to 3x multiplier
7. Provide Liquidity for Extra Rewards
Add scAssets to liquidity pools for an additional 1.5x multiplier.
8. Use Referral Links
Share your referral link and earn a 5% bonus on Rings Points.
Maximizing Your $S Token Airdrop Rewards
To increase your airdrop rewards, follow these strategies:
- Diversify deposits across stablecoins, ETH, and BTC
- Stake scAssets immediately for double points
- Lock assets for longer durations to gain maximum multipliers
- Provide liquidity to pools for additional points
- Share referral links for extra bonuses
- Stay active throughout the 25-week campaign
If you’re looking to earn free cryptoPoints.
Frequently Asked Questions
1. What is the difference between scUSD, scETH, and scBTC?
scUSD, scETH, and scBTC are yield-bearing derivatives representing stablecoins, Ethereum assets, and Bitcoin assets, respectively. Their value increases over time based on DeFi strategies.
2. How long does the Rings Protocol points campaign last?
The campaign lasts 25 weeks, with weekly allocations of 4% of the total GEM drop.
3. Can I withdraw my assets before the campaign ends?
Yes, but withdrawing early may result in losing future Rings Points, and locked assets may have restrictions.
4. How do referrals work in Rings Protocol?
Each user receives a unique referral link. When a friend signs up through the link, the referrer earns a 5% bonus on their Rings Points.
5. Do I need to manually claim my yield?
No, the yield is automatically reflected in the value of your scAssets, making it a passive income opportunity.
Read Also: Step-by-Step Guide to Claim Free Tokens | YieldFi Airdrop Confirmed
Rings Protocol offers a seamless way to earn yield while providing liquidity to the Sonic DeFi ecosystem. By bridging assets, minting scAssets, and staking them, users can maximize their Rings Points and earn $S tokens.
With integrations into platforms like Aave, Rings Protocol is gaining credibility in the DeFi space. If you’re searching for how to earn free crypto without investment, this is a confirmed airdrop free opportunity worth exploring.
