Odaily News Sonic co-founder Andre Cronje (AC) disclosed more details about his previously announced Algorithmic Stablecoin project on X. When the TVL is $10 million, the stablecoin’s Annual Percentage Rate (APR) can exceed 200%; when the TVL is $100 million, the APR is approximately 23.5%; and when the TVL exceeds $1 billion, the APR will stabilize at around 4.9%. AC finally stated that he will assemble a team to fully launch the project.
According to previous reports, AC stated in a post on X last week that the team has made technological breakthroughs in the field of Algorithmic Stablecoin, but the events that occurred in past cycles have left them with “Post-Traumatic Stress Disorder” (PTSD), and they are uncertain whether they should implement this plan.
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