Discover more from DefiCalendar Newsletter
Airdrop Guide - Sonic (ICP)
Sonic is the first DEX on ICP. We covered its testnet back in August when it was still called DFinance.
Sonic went live on ICP mainnet recently but still hasn’t launched its token $SONIC. It is now allocating 75% of $SONIC for the community. There may be a retroactive token allocation to users who add liquidity early, is a active member or help to develop their code. For details, read here.
Let’s try to add liquidity to Sonic for a potential retroactive airdrop.
If you don’t have a ICP wallet, install the Plug wallet chrome extension. You will need to deposit some $ICP from a CEX like Binance.
In your Plug wallet, click on “Deposit”. Choose your asset to be deposited as $ICP. Copy the address for receiving from exchanges. Now you can withdraw to this address from CEX.
Go to https://app.sonic.ooo/swap and connect your Plug wallet.
First you need to wrap your $ICP to $WICP.
Swap half of your $WICP for $XTC.
Go to the “Liquidity” tab and choose “Create Position”. Input the amount of $WICP and $XTC you want to LP. Confirm.
Now you can check your liquidity positions.
That’s all for providing liquidity. You may also want join their discord and become an active member to have higher chance of retroactive token allocation.