According to TechFlow, the first SVM extension chain in the Solana ecosystem, Sonic SVM, announced an upgrade to the $SONIC token model, introducing a buyback and lock-up mechanism to replace the previous burn model. In the future, 50% of the on-chain fees will be used to buy back $SONIC from the market and lock it up with a 24-month linear release.

Additionally, Sonic SVM will convert part of the fees into SOL and stake it on the Solana mainnet. The staking rewards, paired with $SONIC, will be injected into the liquidity pool to support mainnet liquidity construction and provide additional incentives for LPs.

 SONIC

TechFlow reports that Sonic SVM, the first SVM extension chain in the Solana ecosystem, has announced an upgrade to the $SONIC token model, introducing a buyback and lock-up mechanism to replace the previous burn model. Going forward, 50% of on-chain fees will be used to buy back $SONIC from the market and lock it up with a linear release over 24 months.

Additionally, Sonic SVM will convert a portion of the fees into SOL and stake it on the Solana mainnet. The staking rewards, paired with $SONIC, will be injected into liquidity pools to support mainnet liquidity construction and provide additional incentives for LPs.

Sonic SVM launches a new $SONIC buyback and lock-up mechanism to enhance token value capture logic.