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- GT Airdrop Is Live! 1.92M GT Burned in Q2, Worth Over $39M
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- 📢 #Gate Square Writing Contest Phase 1# is now officially launched!
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📅 End at: July 9, 16:00 UTC
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AC update on stable parameters: APY can reach 95.9% with a TVL of 100 million USD, and can reach 19.18% when exceeding 1 billion USD.
Odaily News Sonic co-founder Andre Cronje (AC) updated on X with more information about the upcoming Algorithmic Stablecoin project. AC stated that Sonic team member Yohaan has found a new method, under which the stablecoin can achieve a 95.9% APY when the TVL is 100 million dollars, and a 19.18% APY when the TVL exceeds 1 billion dollars.