Product focus
Sophon is focusing on onchain consumer products. Its first announced application in this model is the upcoming Pyre neobank. Pyre’s announced revenue streams include card interchange, vault performance fees, and reserve yield from PYRUSD. This product-led model also changes how SOPH is designed to accrue utility. A portion of profits from Sophon products will fund open-market SOPH purchases, and purchased tokens will be permanently burned rather than redistributed.SOPH changes
Understand the buyback-and-burn model and the phase-out of chain-era utility.
Chain migration
Review what holders need to claim or withdraw.