Important update: WICP support to be discontinued on Sonic

Sonic
2 min readJan 2, 2024
WICP

Dear Sonic Community,

We are announcing a significant change in our platform’s operations. Effective January 30th, 2024, Sonic will no longer support WICP. This decision was not made lightly, but we believe it is a necessary step in our continuous effort to refine and enhance our platform.

Withdrawal and Swap Deadlines:

  • January 30th, 2024: Swapping functionality for WICP will be disabled.
  • March 30th, 2024: This is the final date for withdrawing your WICP from the liquidity pool.

New Incentive Program for LPs:

Transition from WICP to ICP To ease this transition, we are excited to introduce a special incentive for our liquidity providers. If you move your liquidity position from WICP to ICP, you’ll become part of an exclusive pool to share $5000 in $SONIC tokens.

How to Participate:

  1. Close your current WICP position.
  2. Swap your WICP holdings for ICP.
  3. Create a new liquidity position with ICP and any other token pair on Sonic.

Eligibility Criteria:

  • The incentive applies only when transitioning from WICP to ICP.
  • You must use the same wallet for creating the ICP pair as was used for closing the WICP.
  • Note: New wallets created after this announcement will not be eligible for the incentive.

This initiative is part of our ongoing commitment to adapt and evolve in the fast-paced world of blockchain and DeFi. These changes will pave the way for more robust and efficient trading experiences on our platform.

For any questions or assistance, don't hesitate to contact our support team.

Thank you for your continued support and understanding as we navigate these changes together.

Best Regards,

The Sonic Team

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