Sonic Joint Creation: The new algorithm stablecoin can achieve over 200% APR when the TVL is about 10 million US dollars
ChainCatcher news, Sonic co-founder Andre Cronje (AC) disclosed more details about his previously announced algorithmic stablecoin project on X. When the Total Value Locked (TVL) is $10 million, the annual percentage rate (APR) of this stablecoin can exceed 200%; when the TVL is $100 million, the APR is about 23.5%; when the TVL exceeds $1 billion, the APR will stabilize at around 4.9%. AC finally stated that he will form a team to fully launch this project.
In previous news, AC posted last week on X stating that his team has made technical breakthroughs in algorithmic stability but was unsure whether to release it due to concerns about its dark history in this field.
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