Researched coins: 1,511
Exchanges: 1,038
Market Cap: 3.3T
24h Vol: 192.7B
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Rings scETH Price, Live Chart & Market Cap

Rings scETH: A Fast, Yield-Powered ETH Proxy for DeFi Trading and Staking

Overview of Rings scETH

Rings scETH is fully backed by Ether and operates on Sonic. It brings fast trading plus added yield for ETH holders. By locking ETH, users mint Rings scETH to engage in DeFi. They can stake or farm it for incentives. This approach unites ETH security with Sonic’s quick confirmations.

Rings scETH: A Fast, Yield-Powered ETH Proxy

Utility & Use Cases SCETH

Staking and Rewards

Staking and Rewards

Stake Rings scETH to earn additional yield. This approach lets holders capitalize on ETH exposure while benefiting from Sonic’s reward pools.
Liquidity Provision

Liquidity Provision

Contribute Rings scETH to DEX pools for trading. Liquidity providers receive fees plus potential incentive tokens.
Collateral in DeFi

Collateral in DeFi

Use scETH as collateral for lending or margin strategies. This helps maximize opportunities across Sonic’s lending apps.

Rings scETH Technologies Overview

Cross-Chain Compatibility

Cross-Chain Compatibility

Rings scETH uses bridging tech for seamless transfers between Ethereum and Sonic. It preserves a strict 1:1 peg with ETH.
Fast Transactions

Fast Transactions

Sonic’s high-speed consensus processes scETH transfers quickly. Traders enjoy near-instant settlements for active strategies.
Low Fees

Low Fees

Sonic’s network is optimized for low costs. This reduces overhead when staking or swapping scETH in DeFi protocols.
Audited Security

Audited Security

Rings scETH relies on reviewed vault contracts and regular testing. It reduces risks tied to collateral custody and yield farming.

Funding

No direct ICO was held for Rings scETH. It is minted solely by locking ETH, with no separate token sale conducted.

Roadmap

Sonic Airdrop Season

Users minting and staking Rings scETH can earn point-based rewards. This event boosts community adoption.

Collateral Expansion

Support for more ETH derivatives is planned, allowing broader options for scETH issuance and DeFi usage.

Cross-Chain Integration

Further bridging solutions are expected to expand scETH to other platforms, driving higher liquidity and volume.

Rings scETH Security & Audit Reports

Rings scETH uses audited smart contracts and timelocks. Collateral is locked securely, and a bug bounty program helps mitigate risks.

FAQ

How to stake Rings scETH?

+
Lock scETH in the protocol’s staking feature to earn yield on your balance.

How to set up a scETH wallet?

+
Use a compatible Sonic DeFi wallet. Then bridge ETH and mint scETH within the Rings app.

What makes scETH different from basic wrapped tokens?

+
It adds yield potential by deploying collateral in audited strategies while preserving a 1:1 ETH peg.

Is there a redemption waiting period?

+
Yes. Redeeming scETH for ETH may require a short cooldown to manage collateral flow securely.

Can scETH be used as collateral for loans?

+
Yes. Many lending platforms on Sonic accept scETH for borrowing or leveraged trading.

Top Crypto Exchanges to Trade Rings scETH (SCETH)

# Exchange Pair Price 24h Volume
1
Shadow Exchange
0X3BCE5CB2.../0X50C42DEA... ~$1 $999,398
2
Beets (Sonic)
0X3BCE5CB2.../0XD3DCE716... ~$1,558.46 $379,165
3
SwapX Algebra
0X3BCE5CB2.../0X039E2FB6... ~$3,265.3 $101,596
4
Silverswap
0X3BCE5CB2.../0X039E2FB6... ~$3,266.8 $96,957
5
Beets (Sonic)
0X3BCE5CB2.../0XD3DCE716... ~$1,567.44 $80,850
6
Silverswap
0X3BCE5CB2.../0X50C42DEA... ~$1 $55,145
7
Metropolis DLMM (Sonic)
0X3BCE5CB2.../0X039E2FB6... ~$3,277.66 $25,001
8
Metropolis DLMM (Sonic)
0X3BCE5CB2.../0X50C42DEA... ~$1 $5,238.17
9
SwapX Algebra
0X3BCE5CB2.../0X50C42DEA... ~$1 $199,795
10
Beets (Sonic)
0X3BCE5CB2.../0X50C42DEA... ~$1 $101,815
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Rings scETH
Rings scETH SCETH Price
#720
$2,200.64
-8.99%
Fully Diluted Variation
Fully diluted valuation of Rings scETH (SCETH) represents the theoretical market cap if all tokens that will ever exist were in circulation. It provides insight into the long-term value projection assuming the maximum supply is reached
$27,287,534
24 Hour Trading Vol
24-hour trading volume shows the total amount of Rings scETH (SCETH) traded across all exchanges over the past day. Higher volumes generally indicate more market liquidity and interest in the token
$2,588,817
Total Supply
Total supply represents all Rings scETH (SCETH) tokens that currently exist, including both circulating tokens and those locked in various protocols or treasuries. It excludes tokens that will be created in the future
12,401.66

Info

Contract
Sonic Network 0x3bc...84c7812
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Source Code

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