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Yel Finance to Launch on Sonic

Twitter icon  •  Published 1 year ago on October 22, 2024  •  Hassan Maishera

Sonic Labs, previously known as the Fantom Foundation, announced via X on Monday that Yel Finance will launch on the Sonic blockchain.

Yel Finance to Launch on Sonic

Sonic Labs, previously known as the Fantom Foundation, announced via X on Monday that Yel Finance will launch on the Sonic blockchain. Yel Finance is a DeFi R&D laboratory focusing on generating smart and real yield for users.

Yel leverages market volatility and arbitrage opportunities to generate real yield on any tradable asset.

Fantom is building a programmable platform on a directed acyclic-graph-based distributed ledger. Its FTM coin is down 3% in the last 24 hours and is currently trading at $0.7418.

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Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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