Sonic Co-founder: The new algorithmic stablecoin can achieve over 200% APR with a TVL of about 10 million USD

ChainCatcher news, Sonic co-founder Andre Cronje (AC) disclosed more details about his previously announced algorithmic stablecoin project on X. With a TVL of $10 million, the annual percentage rate (APR) can exceed 200%; with a TVL of $100 million, the APR is about 23.5%; when the TVL exceeds $1 billion, the APR will stabilize around 4.9%. AC finally stated that he will form a team to fully launch the project.

Previous news, AC mentioned in a post on X last week that the team has made technical breakthroughs in algorithmic stability, but is uncertain whether to launch due to concerns about the dark history of this sector.