Log in
Enquire now
Sonic

Sonic

Sonic is a decentralized finance (DeFI) and automated market maker (AMM) protocol.

OverviewStructured DataIssuesContributors

All edits by  Yulia Poskorova 

Edits on 26 Jan, 2022
Yulia Poskorova profile picture
Yulia Poskorova
edited on 26 Jan, 2022
Edits made to:
Infobox (+1 properties)
Description (+175 characters)
Article (+970 characters)
Topic thumbnail

Sonic

Sonic is a DeFI/AMM protocol on the Internet Computer leveraging the IC's unlimited scalability to provide a collection of DeFI products, including swaps, liquidity, and more.

Article

What is Sonic? An open internet service that offers a suite of DeFi products for the Internet Computer blockchain.

How does Sonic work? Sonic operates on a gasless Automated Market Maker (AMM). Users can add new tokens, create new swap pairings, and earn fees by providing liquidity to pools. Barring enough liquidity, traders can swap their tokens using the previously created swap pairings. Thanks to the Internet Computer, all transactions are gasless, the only fees being those paid to liquidity providers.

...

Why do we need Sonic? To create a win-win situation between people with extra liquidity and people looking to swap tokens that might otherwise have low liquidity on regular exchanges.

For everyday users to interact with our swaps and liquidity we’ve got the Sonic app, for developers we have the Sonic API. Everything in Sonic will procedurally be made open source in the coming weeks (to ensure we can gather feedback from this V1 release!).

Building With Sonic

Infobox
Twitter
https://twitter.com/sonic_ooo
"Created via: Web app"
Yulia Poskorova profile picture
Yulia Poskorova
created this topic on 26 Jan, 2022
Edits made to:
Infobox (+2 properties)
Topic thumbnail

 Sonic

Sonic is a decentralized finance (DeFI) and automated market maker (AMM) protocol.

Infobox
Is a
Cryptocurrency
Cryptocurrency
Website
https://www.sonic.ooo/

Find more entities like Sonic

Use the Golden Query Tool to find similar entities by any field in the Knowledge Graph, including industry, location, and more.
Open Query Tool
Access by API
Golden Query Tool
Golden logo

Company

  • Home
  • Press & Media
  • Blog
  • Careers
  • WE'RE HIRING

Products

  • Knowledge Graph
  • Query Tool
  • Data Requests
  • Knowledge Storage
  • API
  • Pricing
  • Enterprise
  • ChatGPT Plugin

Legal

  • Terms of Service
  • Enterprise Terms of Service
  • Privacy Policy

Help

  • Help center
  • API Documentation
  • Contact Us
By using this site, you agree to our Terms of Service.