AC update calculation stable parameters: When TVL is 100 million US dollars, APY can reach 95.9%, and when it exceeds 1 billion US dollars, it can reach 19.18%
Sonic co-founder Andre Cronje (AC) updated more information about his proposed algorithmic stablecoin project in X. AC stated that Sonic team member Yohaan has found a new method, under which the stablecoin can achieve 95.9% APY when the TVL is $100 million, and can achieve 19.18% APY when the TVL exceeds $1 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
JD.com: "Exiting the stablecoin business" is a rumor, currently preparing to apply for a license
US CFTC Considers Allowing Futures Exchanges to Conduct Spot Cryptocurrency Trading
Jito Proposes to Transfer All Block Engine and BAM Revenue to the DAO Treasury
Trending news
MoreCrypto prices
More
