Adding Sonic Gauges

Proposal ID: S1.8

Introduction  

This proposal seeks to add the initial gauges for Sonic Chain.  

The following gauge will be added:

• S / WETH - 0.3% (min width: 60)  

• USDC / USDC - 0.05% (min width: 10)

• WETH / WETH - 0.05% (min width: 10)   

• BRUSH / WETH - 1% (min width: 1800)  

• GOGLZ / WETH - 1% (min width: 1800)  

• HeyANON / WETH - 1% (min width: 1800)   

The following gauge will be updated for higher capital efficiency:

• MIM / USDT - 0.05% (min width: 10)   

Strategic Alignment

This proposal seeks to kick off collaboration with the Sonic Ecosystem by integrating native liquidity into our Omnichain environment. This integration will make Sonic’s liquidity accessible across all Ulysses-connected chains.

By engaging with Sonic protocols, we unlock mutual benefits:

1. Broader Access to Sonic: Users on Ulysses-connected chains can leverage this new avenue into Sonic.
2. Enhanced Liquidity for Sonic Users: Sonic users gain direct access to liquidity on other chains without leaving the Sonic platform.
3. Strategic Growth for Our Ecosystem: This collaboration positions us as a key conduit for Sonic’s expanding ecosystem, driving traffic through our infrastructure and establishing us as a trusted access point.
4. Revenue Opportunities for Our Community: By facilitating this integration, we can generate additional fee revenue, which are distributed to voters, directly incentivizing and rewarding our community’s support.

This initiative not only deepens cross-chain liquidity but also secures a strategic role for our platform in this vibrant, growing ecosystem.

Gauge performance analysis

Given that the chain is still in its early stages and currently holds a TVL of under $100M, any performance calculations or projections at this point may be subject to significant variability. As the ecosystem matures and liquidity grows, the performance metrics will evolve, and more accurate assessments can be made.

Market impact analysis

Integrating Sonic’s native liquidity into our Omnichain environment has the potential to significantly accelerate ecosystem growth. By simplifying access to Sonic liquidity across Ulysses-connected chains, we position ourselves as a key gateway for users and liquidity.

As a result, this will likely lead to an increase in fees generated by the system, creating new revenue streams for our voters and contributing to the overall health and sustainability of our platform.