Rings is the meta-stable protocol of Sonic chain. It is the main bridge for Ethereum Mainnet stablecoins and ETH derivatives token holders to start earning yield on Sonic.
Bridge ETH & Stablecoin from Mainnet to Sonic, Mint scETH and scUSD, stake it for stkETH and stkUSD to make it yield bearing, or lock it for veETH and veUSD to access governance power.
When minting scUSD and scETH, users deposit their initial into Veda Vaults which then reallocate the backing toward yield bearing strategies. The yield generated is then redistributed across eligible Sonic dApps and the distribution is controlled by the veUSD gauge tokenomic.
Where is Rings scUSD available for purchase?
You can exchange SCUSD tokens on both decentralized and centralized crypto platforms. The favored choice for purchasing and trading Rings scUSD is Shadow Exchange, notably the SCUSD/SCUSD pair, which saw a trading volume of $ 328,297 in the past day. Additionally, SwapX Algebra and Silverswap are popular alternatives for trading tokens.
What is the highest value Rings scUSD (SCUSD) has ever reached?
Rings scUSD (SCUSD) reached its peak price at 1.017 $ on 13 January 2025, approximately 7 months ago ago. Presently, the current price is -1.82% lower than this all-time high.
What is the historical minimum price for Rings scUSD (SCUSD)?
The minimum price reached for Rings scUSD (SCUSD) was 0.9444 $, documented on 30 January 2025, more than 7 months ago. In comparison, the current price is 5.71%, it above this historical low.
What is the fully diluted valuation of Rings scUSD (SCUSD)?
The fully diluted valuation (FDV) of Rings scUSD (SCUSD) stands at $ 1,91 MLN.. This figure reflects the maximum potential market capitalization, considering that the current circulating supply is at its maximum of SCUSD tokens. The realization of this FDV might take several years depending on the emission schedule of SCUSD tokens.
How to add Rings scUSD (SCUSD) to MetaMask?
By integrating Rings scUSD (SCUSD) into MetaMask, you gain access to features like monitoring your token balances and trading on decentralized exchanges. To do this, you'll need to import SCUSD as a token. You can either manually import SCUSD by copying its contract address (0xd3dce716f3ef535c5ff8d041c1a41c3bd89b97ae) or use MetaMask's Chrome extension to add SCUSD with a single click through P.CASH.
How to add Rings scUSD (SCUSD) to TrustWallet?
Incorporating Rings scUSD (SCUSD) into your TrustWallet setup enables you to monitor your token holdings and engage in decentralized exchange transactions, among other functions. To include SCUSD, you can either manually import it using the contract address (0xd3dce716f3ef535c5ff8d041c1a41c3bd89b97ae) or conveniently add it to Trust Wallet with just one click via P.CASH if you've installed Trust Wallet's Chrome extension.
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