We are happy to announce our partnership with SwapX, a decentralized exchange that employs the innovative Algebra modular architecture V4 CLAMM on Sonic.
As part of our partnership, we will use several pairs on SwapX as collateral, including USDC/USDT, USDC/scUSD, and wETH/scETH as collateral and offer two products:
Yield Token: Investors will earn a fixed yield while maintaining their LP token exposure. This will allow them to earn stable and competitive yield.
Volatility Token: Investors will earn leveraged Sonic Points, SwapX Gems, Stable Jack Discount Tickets, token incentives, and trading fees while maintaining their LP token exposure. This will allow them to access speculative token reward exposure.
Stable Jack v2 will unlock new utilities for collateral assets. With partners like SwapX, we are thrilled to bring innovation and excitement to the Sonic ecosystem!