MachFi
  • Introduction
  • SONIC REWARDS PROGRAM
    • Program Overview
    • Sonic Boom
    • Sonic Gems
    • Sonic Points
  • Contracts
    • Audit
      • Bug Bounty
    • Addresses
    • Asset Risk Parameters
  • Protocol
    • Overview
    • Mechanics
      • Depositing Assets
      • Borrowing Assets
      • Utilization rate
      • Interest Rate
      • Risk Management
      • Liquidation
      • Reserves
      • Reserve Factor
      • MachBoost
      • Oracles
  • Resources
    • Official Pages
    • Brand Kit
  • MachFi Guide
    • How to Deposit on MachFi
    • How to Borrow on MachFi
    • How to Manage Risk on MachFi
    • How to Leverage on MachFi
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  1. SONIC REWARDS PROGRAM

Sonic Gems

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Last updated 3 months ago

When users earn Sonic Points through MachFi, it helps determine MachFi's final share of the total Sonic Gems allocated to protocols. MachFi commits to distribute its Sonic Gems back to users based on the points leaderboard.

As a lending protocol native to Sonic, MachFi's Gem Score is 8x. MachFi qualifies for the Gem Score as follows:

Weight Type
Type
Weight

Category Weight

Lending

4

Sonic Native

Native

2

Gem Score = Category Weight x Sonic Native = 8

Final Score = Gem Score x (1 + Point Score)

MachFi boasts one of the highest Gem Scores (ranging from 0.5 - 10), serving as a multiplier, as demonstrated above

Sonic Gems | Sonic Documentation | EVM Layer-1 Blockchain
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