Sonic Labs to Launch Its Own Algorithmic Stablecoin
The creators of the Sonic blockchain are working on implementing their own algorithmic stablecoin, according to Sonic Labs co-founder Andre Cronje. POC looks good. Yielding > 200% APR @ 10m tvl, around 23.5% APR @ 100m, steady at around 4.9% at 1bn+. Will scale up and get team for a full release. https://t.co/JtMqzAkU7g pic.twitter.com/Z4j2aPzefB — […]