@blakehooper85 I first found @Equalizer0x from the team at @crypto_iw through their DEFI academy that was set up by the DEFI king @ClintLuna and @willwright_iw .
It’s a great community that has had a few fireside chats with @blakehooper85 to keep the community across all of the updates on Equal
I am back - in a big way.
A project a weekday for @SonicLabs (with a brief month hiatus).
I took a break from providing detailed breakdowns of the numerous quality protocols and projects on Sonic that users could utilise to earn/airdrop farm.
Today, I am back with Project #7 - Metropolis Exchange: @MetropolisDEX
(Previously had done Silo, Beets, Shadow, Rings, SwapX and Equalizer).
Never has there been a more important time to those that are native to Sonic, or outside of Sonic to understand the true growth and further potential growth this ecosystem has.
After METRO, I am moving beyond the decentralised protocols - community projects, memes, gaming, AI, and the nitty gritty projects in the trenches are up next - I can't wait!
Now without further ado...
What is Metropolis Exchange?
Metropolis Exchange is a native Decentralised Exchange (DEX) on the Sonic blockchain, powered by Uni V2 (AMM) and Joe V2.2 Liquidity Book (DLMM) models, making it a hub for efficient liquidity provision and trading. Home to the $METRO token, Metropolis offers a flexible platform where users can swap tokens with zero slippage, provide liquidity, stake $METRO for rewards, and participate in governance through voting and bribing. Built on Sonic’s high-speed, low-cost EVM chain, Metropolis aims to deliver capital-efficient liquidity strategies and seamless trading experiences for the Sonic ecosystem.
Metropolis Exchange combines advanced DeFi mechanisms with user-friendly features. Its AMM V2 pools distribute 60% of swap fees to LPs, 30% to $METRO stakers, and 10% to protocol expenses, with fees auto-compounded into active bins. DLMM Liquidity Book (LB) pools offer concentrated liquidity, distributing 80% of fees to LPs, 15% to $METRO stakers, and 5% to expenses, with zero slippage and low fees. Liquidity strategies like Normal (Bell Curve), Spot (Uniform), and advanced options (e.g., De-peg Bets, DCA) cater to diverse risk profiles. $METRO stakers can vote weekly on pool emissions (1 $METRO = 1 vote, min 90-day lock) and earn bribes, while DLMM Farms incentivise specific bins with $METRO or partner token rewards.
Metro also has a tasty NFT collection. The METRONIX Collection is a set of 777 unique art pieces divided into three fractions: Humans, Robots, and Lizards. These visually striking NFTs are more than just profile pictures (PFPs) — they establish you as an OG member of Metropolis, while unlocking exclusive benefits within the ecosystem. Each METRONIX NFT grants whitelist privileges for the $METRO Token Fairlaunch. The more NFTs you hold, the higher your participation cap. Small $METRO Token Airdrops: A total of 250,000 $METRO. These tokens are being airdropped to METRONIX holders over six months! The Metro community itself proposed to create METRONIX DAO which currently holds 276, 881 METRO. These Metro tokens are staked for a 3x multiplier and protocol revenue is shared equally to NFT holders, with bribes being used to buy Metro and stake it further!
Important Statistics:
- $3.32m Total Value Locked (TVL)
- $2.24m market capitalisation
- $0.4482 token price as of writing
- Circulating supply of 5,000,000 tokens
- Total/Max Supply of 100,000,000 tokens
Important Links:
- Docs: https://t.co/lYzeWmMnjG
- Twitter: https://t.co/NaQj0HBcKe
- Discord: https://t.co/1E14YNPcQY
- Telegram: https://t.co/nZJR1ENnjg
- Medium: https://t.co/KKUEtgB9eu
- NFTs: https://t.co/fTVLjsbl5Z
Like the other protocols, Metropolis users earn Sonic Points and Gems through protocol activity, which contribute to your share of the Sonic airdrop.
Potential yield farming/Sonic airdrop points plays and alpha utilising Metro:
1) Stake $METRO to earn protocol rewards
Strategy Concept: Swap your funds to $METRO, then deposit into the staking pool to earn protocol rewards.
Step 1: Swap your funds to $METRO,
Step 2: Deposit into the $METRO staking pool,
APR: 39% APR
Form of rewards: $USDC
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2) Deposit into wS/METRO pool
Strategy Concept: Swap half of your funds into $METRO, wrap the other half ($S) to obtain $wS (Wrapped Sonic), then deposit and stake both into the wS-METRO Simple V2 pool.
Step 1: Swap half of your funds to $METRO,
Step 2: Wrap half of your $S to acquire $wS,
Step 3: Deposit $METRO and $wS into the wS-METRO Simple V2 pool, then stake the LP tokens,
APR: 48% APR
Form of rewards: $METRO
Other Incentives: 8x Sonic Activity Points on wS
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3) Deposit into stS/wS pool
Strategy Concept: Wrap half of your $S to obtain $wS (Wrapped Sonic), swap or stake the other half into $oS, then deposit and stake both into the oS-wS DLMM pool.
Step 1: Wrap half of your $S to acquire $wS,
Step 2: Swap or stake the other half of your $S into $stS (via DEX or by staking through Beets),
Step 3: Deposit $wS and $oS into the stS-wS DLMM pool, then stake the LP tokens,
APR: 28% APR
Form of rewards: $METRO
Other Incentives: 8x Sonic Activity Points on wS, 8x Sonic Activity Points on oS
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And that'll do it for Metropolis Exchange!
Glad to be back doing a project a weekday for @SonicLabs $S again, it feels like right here right now is the most important time for the community and ecosystem to band together to strive to new heights.
People can FUD us, but they won't keep us down. Soon, the tides turn for Sonic - the tech becomes realised by many, and those down in the dumps will be relishing the new paradigm of joy they will be experiencing.
Back at it tomorrow!
Sonic.
Day 3 of a project a weekday for @SonicLabs!
Today, we continue our conquest to one of the best projects on Sonic.
Project #3 - Shadow Exchange: @ShadowOnSonic
What is Shadow Exchange?
Shadow Exchange is the ultimate trading hub on Sonic, a concentrated liquidity DEX designed to deliver fast, efficient trading and maximize rewards for users. Built on Sonic’s high-speed, low-cost EVM chain, Shadow Exchange uses the innovative x(3,3) incentive model—a more fluid evolution of the ve(3,3) model—to enable users to trade assets, provide liquidity, and stake tokens for fees, voting rewards, and airdrop incentives. It leverages Sonic’s FeeM system, which returns 90% of gas spent through dynamic fees and arbitrage (MEV), enhancing the user experience and making it a core trading protocol in Sonic’s DeFi ecosystem.
Shadow Exchange offers a range of features that make it a powerhouse in Sonic’s DeFi landscape. Its concentrated liquidity model allows users to provide liquidity within specific price ranges, optimising capital efficiency and maximizing trading fees. The x(3,3) incentive model enables $SHADOW holders to convert their tokens 1:1 into xSHADOW, which can be staked to earn 100% of protocol fees, voting rewards, and rebases, with additional “bribe rewards” for voting on reward allocations to liquidity pools.
$x33 is the liquid staked version of $xSHADOW, which is minted at the bottom of the staking page here: https://t.co/sLB4aMOwWL, allowing users to maintain liquidity while earning rewards. Unlike $xSHADOW, which is staked for fees and voting, $x33 can be traded on DEXs, offering instant liquidity without exit penalties - though its price reflects $xSHADOW’s redemption value to prevent arbitrage. The $x33:$xSHADOW ratio increases over time as fees, voting rewards, and rebases accrue, automatically boosting $x33’s value. This makes $x33 a flexible way to participate in Shadow Exchange’s x(3,3) model, earn Sonic Points, and potentially benefit from the $S airdrop.
I personally roll with $x33.
Shadow Exchange has solidified its position as a leading DEX on Sonic.
Heading over to https://t.co/ERk4PApk52 shows the true strength of Shadow.
Just today, as of writing, over $68m in volume, with close to $100k in fees generated, even in these bleak conditions.
TVL still sits at $63.2m with a peak of $162m at the end of February.
The catch? Shadow has a market capitalisation of only $16.7m. This is borderline insanity for the uniqueness and utility of Shadow.
Why am I pointing this out? According to DeFiLlama, if you were to annualise Shadow's fees, they would be generating $44.36m. Underpriced? Undervalued? You bet.
Important statistics (as of writing):
- $16.7m market capitalisation
- $57.79 token price
- 10,000,000 maximum token supply
- 289,425 circulating token supply
- 3,367,352 total token supply
Important Links:
- Website: https://t.co/ndZLQCwNL1
- App: https://t.co/BtmEcPlzEX
- Docs: https://t.co/DUJMDZRWGa
- Twitter: https://t.co/Ry4jtdKGoL
- Medium: https://t.co/mwpYPgHJLo
- GitHub: https://t.co/CBriFiYH8Z
- Discord: https://t.co/H9O7zvAfDu
- deFiLlama: https://t.co/nkwB0Smsex
Shadow Exchange is of course a gems holder. Shadow offers several ways to earn points that can boost your share of the Sonic airdrop, including providing liquidity, staking xShadow or minting $x33, voting on pools and more. Shadow E users earn Sonic Points and Gems incentives through protocol activity, which contribute to your share of the Sonic airdrop.
Potential yield farming/Sonic airdrop points plays and alpha on Beets:
1) Deposit into the S-SHADOW Pool. Simplest play!
Strategy Concept: Convert half of your $S into $SHADOW and provide liquidity to the S/SHADOW pool on Shadow Exchange.
Step 1: Swap 50% of your $S for $SHADOW via Shadow Exchange.
Step 2: Go to the Liquidity section and deposit into the S/SHADOW pool.
Step 3: Stake your S/SHADOW LP position in the Dashboard to start earning rewards.
Base APR: 51% APR
Form of rewards: xShadow, $x33, Wrapped S
Incentives: Sonic Activity Points on your $S holdings
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2) Deposit into the USDC.e/x33 pool. x33 is the liquid staking token for $SHADOW
Strategy Concept: Buy $SHADOW with half of your capital play to convert it to xShadow and then mint x33. As for the half of your capital, convert it to USDC.e. Then deposit into USDC.e/x33 pool.
Step 1: Convert half of your capital play to $SHADOW (via staking or Shadow Exchange swap).
Step 2: Convert SHADOW to xSHADOW
Step 3: Stake xSHADOW to mint $x33 (LST for xSHADOW)
Step 4: Convert half of your capital play to USDC.e (via staking or Shadow Exchange swap).
Step 5: Go to the Liquidity section and then deposit into the USDC.e/x33 Pool
Step 6: Go to the Dashbord section and then stake your S/SHADOW position to ensure you're earning reward
Base APR: 91% APR
Form of rewards: xShadow, $SHADOW
Incentives: Sonic Activity Points on your $USDC.e holdings
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3) Delta-Neutral S/oS Liquidity (Intermediate Strategy)
Strategy: Provide liquidity in the S/oS pool while hedging exposure with a short position on Hyperliquid for a delta-neutral play.
Step 1: Stake a portion of your $S into oS via the Origin protocol.
Step 2: Provide liquidity to the S/oS pool on Shadow Exchange within a narrow price range
Step 3: Open a 1x short position on S via Hyperliquid to hedge price exposure.
Base APR: 46% APR (Narrow range)
Form of rewards: xShadow
Incentives: Sonic Activity Points
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Not only the above, but you could simply LP any meme you hold on Sonic, whether that be DERP, GOGLZ, THC, and more, and pair it with your $S, to generate huge amounts of xSHADOW to continue building that bag to earn more of the protocols fees. This is something I do!
That'll be it for Shadow!
Insanely undervalued, under priced utility token, and unique decentralised exchange that is showing the potential to be one of the greats,
If the market allows, and $S begins to rally, Shadow should be one of the prime beta plays that highly succeeds and generates incredible returns (NFA).
See you tomorrow for Day 4 and project 4!
Thanks!