[Serenity Premium] Sonic's Ring Protocol and its scUSD [Initial Review Mar 2025]
Sonic Blockchain is gaining a lot of traction recently, since it has been rebranded from Fantom with Andrew coming back with full support. Ring Protocol is one of the leading protocols. Built on the Sonic blockchain, it introduces scUSD, a stablecoin with a classic Andrew Cronje (3,3) mechanism. This article breaks down the core design of Ring Protocol, its scUSD stablecoin, and its DeFi opportunities.
The Basics of Ring Protocol
Ring Protocol is essentially a stablecoin vault with a (3,3) mechanism. There's a quite complex chart in its official documentation, but it can be summarised easily.
Essentially, taking scUSD as an illustration:
Keep reading with a 7-day free trial
Subscribe to Serenity Research to keep reading this post and get 7 days of free access to the full post archives.