Shadow Liquid Staking Token (X33) Up 43%—Sonic Airdrop Points Now Available for Holders

The Shadow Exchange (x33) token experienced a significant surge of 43% today following the announcement of its allowlist for the $S airdrop program.

This development positions x33 holders to benefit from a dual reward system. Previously, users earned protocol rewards through x33 participation. With the addition of $S airdrop points, a single minting action generates two distinct revenue streams.

This enhanced earning potential shows a notable increase in the token’s value and attractiveness to investors, highlighting the synergistic benefits of cross-platform integrations within the cryptocurrency ecosystem. The confluence of protocol rewards and airdrop points establishes x33 as a compelling investment opportunity, reflecting a positive market response to the strategic partnership.

Sonic Labs Airdrop and Eligibility

Sonic Labs announce the addition of three new assets to its airdrop point reward program: LBTC (Lombard Finance), scBTC (Rings Protocol), and x33 (ShadowOnSonic).

Another valuable addition, x33, stands apart with a unique dual reward system. Users holding x33 will earn 2x passive points and 4x activity points. This hybrid approach recognizes the inherent value of holding x33 and actively engaging with the associated applications.

Moreover, this dual reward structure offers a compelling incentive for participation and highlights the ShadowOnSonic project’s synergistic potential within the Sonic ecosystem.

Notably, eligibility for all weekly rewards remains contingent upon two key actions: xSHADOW must be staked, and votes must be cast during each epoch.

What is Shadow Exchange $x33?

The x33 provides a liquid staking solution, simplifying the complexities of staking xSHADOW tokens.

Traditional xSHADOW staking, with its weekly ve(3,3) voting requirement, presents a significant hurdle for many users. The process demands continuous engagement, deterring those who are less technically proficient or lack the time for consistent participation. x33 elegantly bypasses this obstacle by offering a streamlined, liquid alternative.

x33, the liquid-staked derivative of xSHADOW, is minted using xSHADOW. Initially, the x33:xSHADOW ratio is 1:1, but it shifts in favor of x33 as rewards accumulate from fees, voting incentives, and rebases.

x33’s core function is to automate the ve(3,3) voting process. Users mint x33 tokens, effectively staking their xSHADOW holdings without direct involvement. Unlike traditional locked stakes, this “mint and chill” approach eliminates weekly management, while the inherent liquidity of x33 tokens ensures seamless trading and transferability.

Crucially, x33 incorporates a self-sustaining growth model. Larger x33 holdings translate to increased xSHADOW purchases by the protocol using its revenue, creating a positive feedback loop. This incentivizes adoption, boosting the stability and value of both x33 and xSHADOW, fostering a sustainable ecosystem where user participation directly contributes to long-term project success.

How Does The x33 Work?

x33 offers a groundbreaking approach to yield optimization within the decentralized finance (DeFi) ecosystem. Acting as a tokenized ERC-4626 vault explicitly designed for the xSHADOW protocol, it automates the entire yield farming process, eliminating the need for manual intervention.

Notably, this automation encompasses voting, compounding rebases, accumulating fees, and claiming vote rewards, significantly streamlining the user experience and potentially maximizing returns.

According to Shadow Exchange x33 works with other DeFi apps because it’s based on the ERC-4626 standard. Its main feature is xSHADOW integration, which lets users vote on proposals and automatically get rewards like rebases and fees. Additionally, there are no fees for putting in, taking out, or adding rewards – unlike many DeFi methods that have high costs. Plus, x33 has lots of cash available.