We are excited to announce our partnership with Beets, Sonic's flagship liquid-staked token hub.
$stS is a liquid-staked token that users receive when they stake $S on the Beets platform. $stS allows holders to earn validator rewards and 8x points. Thanks to native network staking rewards from validator delegation being automatically compounded within the token, the value of stS naturally appreciates in relation to $S.
As we expand into the Sonic ecosystem, we will introduce yield and points trading for $stS and we will offer two unique products:
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PT-stS: It enables investors to farm Sonic points, and Stable Jack Discount Tickets with leverage while maintaining long stS exposure. In exchange, PT-stS holders pay a certain fee to YT-stS holders.
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YT-stS: It enables investors to farm leveraged stS yield while maintaining long $stS exposure. In exchange, YT-stS holders forgo their points exposure.
Through this partnership, investors can opt for leveraged exposure to real yield or points!
Stable Jack v2 will unlock new utilities for collateral assets. With partners like Beets, we are thrilled to bring innovation and excitement to the Sonic ecosystem!