SOON Network rolls out staking program with liquid $gSOON rewards following its TGE, targeting scalability and community participation.
Author: Chirag Sharma
May 29, 2025 – The SOON Network, a next-generation Solana Virtual Machine (SVM) Rollup built for high-performance blockchain applications, has officially launched its staking program following its Token Generation Event (TGE) earlier this week. The program enables holders of $SOON tokens to stake their assets in exchange for $gSOON, a fully liquid and transferable staking token—signaling a major milestone for the ecosystem.
The announcement, made on May 29, allows participants to stake their $SOON tokens to bolster network security and operations. In return, they receive $gSOON, which retains full liquidity and can be traded or transferred without forfeiting staking rewards. The staking portal is live and offering users a 3% annual inflation rate and a 7-day unstaking period.
Founded in 2024 by Joanna Zeng, the SOON Network operates as a Layer 2 Ethereum rollup, leveraging a decoupled Solana Virtual Machine to bring high-throughput, low-latency performance to blockchain applications. Its modular architecture includes:
The new staking mechanism supports the network’s mission of decentralized scalability, with $gSOON serving as both a reward and utility token within the SOON ecosystem.
Over 5 million $SOON tokens were staked within the first hour of launch. The $SOON token is currently trading around $0.56.
Targeted toward DeFi, Web3 gaming, and scalable on-chain applications, the SOON Network aims to tackle Ethereum congestion using parallel transaction processing and interoperable infrastructure.
Future plans include:
These advancements are designed to drive adoption and empower developers to build seamlessly on SVM architecture.
For investors and users, the staking program presents a low-friction way to earn passive rewards while retaining full asset liquidity. As the network matures, $gSOON is expected to play a central role in governance, incentives, and network services.
However, participants should consider unstaking timelines, inflation dynamics, and market conditions when deciding to stake. The launch represents a pivotal moment in SOON’s growth trajectory as it positions itself at the forefront of scalable Layer 2 innovation.
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