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Sonic ETH
SCETH

About Sonic ETH

Sonic ETH (scETH) is an ETH derivative, pegged 1:1 and created by Rings Protocol on the Sonic blockchain. Rings Protocol uses a governance model similar to Solidly, offering scUSD and scETH holders three ways to engage: * Hold tokens freely for use within the Sonic ecosystem. * Stake scUSD to get stkscUSD and earn yield from DeFi protocols via Veda's managed vault. * Lock stkscUSD for vestkscUSD (a veNFT) to gain governance rights and earn voting incentives, but forfeit staking yield.

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