Sonic Labs, previously known as the Fantom Foundation, announced via X on Friday that Penpie will launch on the Sonic blockchain. Penpie is a DeFi platform designed to provide Pendle users with effective yield and boosting services, maximizing their APR.
Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its FTM coin is up 3% in the last 24 hours and is currently trading at $0.6631.