Sonic SVM, the first SVM chain extension on Solana, has announced the introduction of a new SONIC burn program aimed at enhancing the token’s value accrual mechanism.
This strategic redesign replaces the previous burning model with a buy-and-lock system, where 50% of all transaction fees will be used to purchase SONIC tokens from the open market. These tokens will be locked in a dedicated vault with a 24-month linear vesting schedule, creating sustained buy pressure and reducing circulating supply. The updated mechanism also includes staking SOL collected as SONIC fees on the Solana mainnet, with staking rewards paired with monthly vested SONIC tokens to form liquidity pools. This initiative aims to deepen liquidity, align with the Solana ecosystem, and provide incentives for liquidity providers, ultimately supporting Sonic SVM’s growing ecosystem of games and applications. The new mechanism is set to be implemented in the coming weeks.
Source: Bitcoin
