Sophon Farming New Pool: stAVAIL

We are excited to announce the launch of the stAVAIL pool on Sophon's farm, marking a new chapter in the partnership. AVAIL stakers now have a unique opportunity to benefit from multiple rewards, including native AVAIL APY and exclusive incentives through Sophon's farm mechanics.

What Is the Sophon Farm?

Sophon's farm offers an early opportunity to participate in the Sophon ecosystem, allowing users to earn rewards while supporting the project's growth. By staking stAVAIL tokens on the farm, participants earn Sophon Points (SP) and have the chance to boost their deposits for increased rewards.

The farm is currently available on Ethereum mainnet, as the Sophon network has not yet launched. In the second phase of farming, farmers will be able to migrate their holdings to Sophon mainnet and access additional opportunities to earn SP. For more details, visit our Sophon farm documentation.

Farming Period Token Distribution

• Ethereum Mainnet Farming: 6% of the total $SOPH token supply.
• Sophon Mainnet Farming: 4% of the total $SOPH token supply (rules will be announced before launch).

Benefits for stAVAIL Stakers

Staking stAVAIL in the newly launched pool offers a range of benefits:

• AVAIL Native APY via Deq.fi: Earn auto-compounding AVAIL rewards via native APY.
• Deq.fi Points: Earn DEQ points by holding stAVAIL.
• Sophon Points (SP): Earn SP through Sophon's farm, making you eligible for a future $SOPH airdrop.
• Additional stAVAIL rewards: Earn extra stAVAIL rewards by staking in the Sophon pool. 

This incentive structure provides multiple streams of rewards beyond just traditional AVAIL APY.

Boost Your Earnings With stAVAIL Boosters

Amplify your earnings through Boosters, which multiply SP earnings by 5x. Boosters can be activated during deposit or after staking.

Activating a booster involves permanently allocating a portion or all of your deposited assets to provide liquidity on Sophon mainnet, transferring the ownership of such assets to the network. This significantly increases potential returns by multiplying SP rewards.

For more details, see our Boosts documentation.

A New Era of Aligned Communities 

The launch of the stAVAIL pool marks the beginning of a broader partnership between Sophon and AVAIL. This collaboration demonstrates how ecosystems can align to provide more value to each ecosystem’s participants like stakers who help secure the respective networks, aiming to drive deeper community engagement,adoption, and economic security. Future initiatives will build on this foundation, creating more opportunities for users.

How to Get Started

Follow these steps to stake your stAVAIL tokens and start earning rewards:

1. Connect Your Ethereum Wallet
   • Visit Sophon's farm.
   • Click "Connect Wallet" and select your Ethereum-compatible wallet (e.g., MetaMask).
2. Stake Your stAVAIL Tokens
   • Ensure you have stAVAIL tokens in your wallet.
     1. Here's a quick guide on how to acquire stAVAIL with any ERC20 token in a single click on deq.fi.
   • Navigate to the stAVAIL pool.
   • Enter the amount of stAVAIL you wish to stake.
   • Confirm the transaction in your wallet.
3. Activate a Booster (Optional)
   • To boost SP earnings, choose the booster option during deposit or activate it later.
   • Specify the portion of your staked tokens to commit for boosting.
   • Confirm booster activation.
4. Start Earning Rewards
   • Monitor your rewards on the platform dashboard.

Conclusion

The stAVAIL pool on Sophon's farm offers a practical way to maximize your staking rewards through multiple earning streams. By participating now, you can position yourself for potential future benefits, including $SOPH token allocations.

About Avail

Avail is led by Polygon’s former co-founder Anurag Arjun and is building a unification layer to solve rollup fragmentation at scale. Avail addresses this from first principles solving blockchain scalability with Avail DA, a foundational DA layer that implements the same technology planned for Ethereum’s danksharding roadmap, including KZG Commitments and Data Availability Sampling (DAS). Avail Nexus addresses growing fragmentation concerns with permissionless interoperability, leveraging proof aggregation on Avail’s scalable DA layer. Avail’s security is then reinforced with multi-asset staking through Avail Fusion. Start your unification journey today at availproject.org.

About Sophon

Sophon is an intuitive ecosystem for entertainment applications designed to enrich the digital world – in gaming, social, art, AI, prediction markets, and beyond. With the grand vision of changing how users live, play, create, and connect in the internet economy, Sophon is laser-focused on creating seamless customer experiences.

Technically, Sophon is built as a modular rollup (Validium) leveraging the ZK Stack, tailored for high throughput applications. Read more in our docs.

Disclaimer: This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, financial or tax advice. You should consult your own advisers as to those matters. References to any digital assets and the use of finance-related terminology are for illustrative purposes only, and do not constitute any recommendation for any action or an offer to provide investment, financial or other advisory services. This content may not under any circumstances be relied upon when making a decision to purchase any digital asset referenced herein. The content speaks only as of the date indicated.