GoSonic

Revenue up. ftUSD growing. Yields stable. $1m ftUSD minted 🎉 $1m FT bought back and burned 🎉

This is what building on Sonic looks like. @RocketXexchange brings private swaps & bridging to the network - more tools, more privacy, more control.

- Revenue up, even when PUT backing down. - ftUSD growing steadily with 7.54% APY without additional token incentives being active yet. - Almost $1m bought back and burned - Good operational buffer. - $50m safely exited that would otherwise have sold on secondary. - Onchain liquidity steadily growing, already ~$400k in protocol generated passive orders.

17 days in: community retention strong, income > cash burn, ftUSD live on Ethereum + Sonic. Next: Lend, Spot, TRS. At $3.5k/day revenue, unallocated + divested supply gets burned.

Thanks for the opportunity @sherlockdefi and @flyingtulip_. Such a solid codebase. Nice job 👏

Flying Tulip’s stablecoin ftUSD is now live on Sonic. ftUSD lets users earn yield on USDC (and soon USSD). Incentives / points are not live. Deposit and Earn: flyingtulip.com/ftusd/dashboard Current parameters: • ~6% yield • Capped launch: 1M ftUSD • Mint & redeem fees: 0.1% • CircuitBreaker: deposits >50k are queued Next targeted product: Margin Lending

The UX difference between Ethereum and Sonic never ceases to amaze me. Sonic feels like web2.

76,000,000 $S staked by @binance. Earn up to 3.50% APR on binance.com/earn Welcome and thank you for securing the Sonic Network!

The Chainlink data standard powers the majority of DeFi with highly secure market data. Integrate the USSD/USD Price Feed on Sonic to build advanced DeFi markets around our network-integrated stablecoin. 📃 data.chain.link/feeds/sonic/so…

Introducing USSD, the US Sonic Dollar. A network-native USD stablecoin built to be the stable liquidity layer across the Sonic ecosystem and a core piece of our vertical integration initiative. Built on @fraxfinance's infrastructure. Backed 1:1 by U.S. Treasury bills from @BlackRock, @SuperstateInc, and @WisdomTreeFunds. Zero minting fees. Permissionless. Cross-chain. 📝 Learn more below.

Monday. flyingtulip.com/allocation/

taking a dead project with a blown treasury under 5m, growing to nine figures, building the tech the original team couldn't, never taking a salary or tokens, staying for 8 yrs, and he's out to scam people?

HyperChain was one of the first investors in FTM / S. Holding since 2019. I continue to see misinformation around Andre’s involvement. He saved Fantom when it was certain to fail and grew it into a multi-billion dollar project. Today, Andre is working full speed on Flying Tulip and the Sonic stack because it’s the only tech powerful enough to support the vision for his project. They go hand in hand: Sonic provides the ultimate platform, and Andre is building that foundation every day. We only win if we stop attacking the person who has supported this journey from day one. We are fully aligned with @AndreCronjeTech roadmap.

@AndreCronjeTech has been significantly involved in Fantom / Sonic for over 8 years. He and I have known each other for equally as long. In June 2018, as a result of the previous team’s mismanagement, I honestly thought the project was over before it even began. But Andre-without asking for anything in return-adapted a lot of technology he had already researched and developed and applied it to the Fantom Project. We built a tech team together, and eventually launched the first mainnet in 2019. Andre then significantly grew the treasury, allowing us to fund further business and technical development. His brain operates faster than anyone else’s I’ve seen. He is extremely creative and a brilliant developer, which is why I’ve personally invested in and fully believe that @flyingtulip_ will be very successful. He has also been very kind and supportive of those around him. That’s why we’ve been friends for more than 8 years.

I've worked with Andre Cronje for 4+ years. He's delivered some of the most important DeFi innovations and keeps pushing forward. DeFi survives because people like him keep building. Y'all should chill, memes have distorted reality.

"We're able to capture this price discrepancy before an external bot...[and] redistribute it back to our users..." @cryptohamm explains how MEV is internalized on @ShadowOnSonic, ensuring value ultimately flows back to liquidity providers. 👇

Andre has consistently been an inspiring leader, driving and funding cutting-edge innovation across Fantom and Sonic. Without his strong treasury management, the original Fantom project would not have survived. Flying Tulip is set to be a technological milestone, built on years of DeFi innovation and expertise. It’s only natural that he’s dedicating most of his attention to it during the pre-launch phase. Sonic supporters — stay calm, the best is yet to come imo.

Is the bottom in for DeFi on Sonic? @cryptohamm of @ShadowOnSonic is betting on it.