Across The Cryptoverse #70 - Kyo As The The Most Innovative Liquidity HuB On Soneium
Web2 is merging into Web3, and Across is at the forefront as a Day-1 bridge partner for Soneium’s freshly launched mainnet. With Across’s ultra-fast and secure crosschain technology, Soneium’s ecosystem integrates effortlessly with Ethereum, pushing the boundaries of blockchain accessibility and accelerating global Web3 adoption.
Soneium, Sony BSL’s groundbreaking Layer 2 blockchain powered by Optimism’s OP Stack, is built to bridge the Web2 and onchain worlds. It delivers a scalable, developer-friendly platform tailored for entertainment-focused dApps and innovation in the Web3 space.
Leveraging Sony BSL’s industry expertise and vast network, Soneium blends cutting-edge blockchain technology with intuitive design, making onchain interactions accessible to mainstream users. Following a highly successful testnet with over 14M active wallets and 47M+ transactions, Soneium is primed to scale its ecosystem via robust crosschain capabilities.
With Soneium mainnet now live, Across joins as a Day-1 bridge partner to enable seamless crosschain interactions. As a trusted Superchain bridge provider, Across delivers proven Intents-based infrastructure and native interoperability right from launch. This partnership fosters frictionless connections between traditional entertainment and Web3.
After diving into Sake Fiance and SoneFi after I landed on Soneium, my journey continued as I searched for new opportunities. This is how I discovered Kyo Finance, a protocol that delivers innovative financial tools designed for both Web3 natives and Web2 users transitioning into the blockchain space.
Kyo Finance focuses on democratizing decentralized finance with user-centric products like yield optimization, crosschain liquidity solutions, and tokenized assets tailored for the entertainment industry. With a sleek, intuitive interface and lightning-fast transaction speeds powered by Soneium, the dApp aims to lower barriers for adoption, making DeFi accessible to a global audience.
Built for the future of entertainment finance, Kyo Finance also taps into Soneium’s robust ecosystem to enable seamless integration with entertainment-based dApps, allowing creators and fans to monetize, trade, and engage in unique onchain experiences.
Whether you’re a seasoned crypto user or a newcomer exploring blockchain-powered finance, Kyo Finance on Soneium bridges innovation and usability, setting the stage for the next wave of DeFi adoption. Interesting so far... but there's more alpha to share!
There are a plethora of pools on Kyo Finance, giving an APR above the average. Had a look at what's available and I was impressed by the 10.92% on a stable USDT - USDC.e liquidity, and by 66% APR for the USDC.e and ETH pair.
The generous APR was the first thing I noticed, but the Kyo points were the details that made me add liquidity. They are the native reward and engagement mechanism within the Kyo ecosystem, designed to enhance user participation and unlock unique benefits on Soneium.
Users can earn KYO Points by engaging in core activities such as providing liquidity, staking tokens, completing trades, or interacting with entertainment-focused dApps. Additionally, special events and collaborations with creators often provide opportunities to earn bonus points.
And so it begins! I choose the USDT-USDC.e LP to avoid volatility, and added a small amount into the pool. My posistion is not massive, but will serve as a test towards a deep understanding on how to maximise Kyo points.
The Kyo points hold significant utility within the ecosystem, as they can be redeemed for exclusive rewards, including fee discounts, premium features, or access to curated content within Soneium. Kyo points play a crucial role in governance, allowing holders to participate in key decision-making processes that shape the future of Kyo Finance.
KYO Points offer more than just utility... they bring a gamified element to the DeFi experience. Users can achieve milestones, climb leaderboards, and earn achievement badges. By blending functionality with entertainment-driven incentives, Kyo created a dynamic and engaging environment, driving the growth and adoption of Kyo and the broader Soneium ecosystem.
My USDT-USDC.e LP started generating Kyo credits, and I had another wildcard to play. Remember Sake Finance? The integrated liquidity protocol on Soneium, ushering in a new era of decentralized finance through seamless modular integration?
I used Sake since I landed on Soneium, lending assets and accumulating points towards an expected airdrop. Borrowing $SONE gives an 18x points multiplier, and you can double-dip by providing USDC.e - SONE liquidity on Kyo! Now I am farming points across two protocols, and I hope the Soneium airdrop season will be juicy!
Residual Income:
Claim your Zerion XP!
Sonium: Sake Fi / SoneFi / Kyo
Airdrop Hunting: Layer3 / Mode / Linea / Zerion
Lisk: https://portal.lisk.com/airdrop with code : OHbgua
Play2Earn: Splinterlands & Holozing