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Pendle to Launch on Sonic

Twitter icon  •  Published 2 घंटे पहले  •  Hassan Maishera

Sonic Labs, previously known as the Fantom Foundation, announced via X on Thursday that Pendle will launch on the Sonic blockchain.

Sonic Labs, previously known as the Fantom Foundation, announced via X on Thursday that Pendle will launch on the Sonic blockchain. Pendle empowers users to tokenize and trade yield on its AMM, use advanced strategies like yield longing and earn fixed yield.

By launching on Sonic, Pendle brings TradFi's interest derivatives market, worth over $400 trillion, to DeFi.

Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its FTM coin is down 4% in the last 24 hours and is currently trading at $0.7203.

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.