Sophon (SOPH), an entertainment-focused blockchain network powered by ZKsync technology, has announced that it will allocate 10% of SOPH's total supply to reward users who participate in the liquidity farming period. 🌐💰
Participants contributing to the Total Value Locked (TVL) on Sophon can participate in these rewards by contributing assets to designated farming pools on the Ethereum mainnet. After the launch of the Sophon main network, these capabilities will extend to it. Participants in the farming period will receive "Sophon Points (SP)" which accumulate with each block.
The farm pool will also offer a reinforcement program. This is an optional mechanism that allows participants to increase their potential rewards by continually committing some or all of their investing activity to providing liquidity on the Sophon mainnet. The boost feature increases the rewards from these contributions, improving the overall reward potential for members who choose to use it.
Users can activate the booster by permanently locking up any or all of their invested assets, meaning this liquidity becomes permanent in the Sophon protocol and cannot be withdrawn. When activated, the booster increases the user's contribution by five times, thereby generating five times the original amount of SP.
Sophon will allocate SP in real time, allowing users to track their rewards through the farming portal. The rate at which rewards accumulate varies depending on the pool and is determined by the percentage of the user's contribution in relation to the total contributions to that pool.
Sophon, built on ZK Stack, is specifically designed to support a variety of high-bandwidth applications, including AI and gaming. This blockchain facilitates seamless interaction between developers and users, supported by zkSync, Beam, Zentry and Aethir.