Sonic
Sonic is a decentralized finance (DeFI) and automated market maker (AMM) protocol.
All edits by Yulia Poskorova
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.
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
Sonic
Sonic is a decentralized finance (DeFI) and automated market maker (AMM) protocol.
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