Hassan Maishera
On Tuesday, Sonic Labs (formerly Fantom Foundation) announced via X that its USDD stablecoin is now live on Flyintulip. Users can now supply $USSD, use it as collateral, and support borrowing activity across the margin system.
Instead of sitting idle, $USSD can now work inside Flying Tulip’s capital efficient lending market.
Sonic (previously Fantom) is building a programmable platform on a directed acyclic-graph-based distributed ledger.
Sonic is the highest-performing EVM L1, combining speed, incentives, and world-class infrastructure, powering the next generation of DeFi applications. The chain provides 400,000 TPS and sub-second finality.
Sonic's Fee Monetization (FeeM) program rewards developers with up to 90% of the fees their apps generate, adapting the Web2 ad-revenue model to a decentralized framework. Developers now directly profit from their app's traffic and user engagement.
Furthermore, the Sonic Gateway provides developers and users with seamless access to vast liquidity through a native, secure bridge connected to Ethereum. With a unique fail-safe mechanism, it ensures your assets are protected in all circumstances.
It operates as a high-performance platform capable of processing more transactions than leading blockchains combined, while maintaining robust security and user-friendly features.
The platform stands out by offering developers unprecedented rewards of up to 90% of their application fees and seamless integration with Ethereum's established ecosystem.
Its S coin is up 1.9% in the last 24 hours and is currently trading at $0.05150.
