Sonic區塊鏈正在通過其算法Stablecoin的實施前進

儘管擔心潛在的崩潰使人聯想到Terra-Luna崩潰

March 23, 2025 – Sonic Blockchain is forging ahead with its algorithmic stablecoin, promising high-yield generation of up to 23% APR, despite concerns of a potential collapse reminiscent of the Terra-Luna meltdown that triggered crypto’s longest winter.

2025年3月23日 - Sonic區塊鏈正在採用其算法的穩定性，儘管擔心潛在的崩潰讓人聯想到Terra-Luna崩潰，但它有望在高達23％的APR上產生高收益的一代，這引發了Crypto最長的冬季。

Unlike fiat-backed stablecoins, algorithmic stablecoins use code-based mechanisms to maintain price stability. According to Andre Cronje, co-founder of Sonic Labs and founder of Yearn.finance, the new stablecoin’s proof-of-concept (POC) is showing promising results with high APYs at lower TVLs that decrease as TVL increases. At $10M total value locked (TVL), the APR is yielding over 200%, and at $100M TVL, the APR is 23.5%. However, at a higher TVL of $1B+, the APR is settling at around 4.9% and appears to be holding steady.

與菲亞支持的穩定蛋白不同，算法穩定劑使用基於代碼的機制來維持價格穩定性。 Sonic Labs的聯合創始人，渴望的創始人Andre Cronje表示，新的Stablecoin的概念驗證證明（POC）顯示出令人鼓舞的結果，而在較低的TVL中，隨著TVL的增加，TVL的較低率會隨著TVL的增加而下降。 APR的總價值鎖定為1000萬美元（TVL），收益超過200％，而TVL的價格為1億美元，APR為23.5％。但是，在$ 1B+的較高TVL的情況下，APR定居於4.9％左右，並且似乎保持穩定。

Cronje posted on X on March 22:

Cronje於3月22日發佈於X：

“POC looks good. Yielding > 200% APR @ 10m TVL, around 23.5% APR @ 100m, steady at around 4.9% at 1bn+. Will scale up and get team for a full release.”

“ POC看起來不錯。收益> 200％APR @ 100m TVL，APR @ 100m約23.5％，穩定在4.9％左右的4.9％，為1億+。將擴大規模，並讓團隊獲得完整的發布。”

Cronje’s announcement came a day after he revealed his hesitancy to continue with the project due to lingering PTSD from the Terra collapse.

克朗傑（​​Cronje）宣布這一消息是在他透露由於Terra崩潰的PTSD而繼續進行該項目的第二天。

“Pretty sure our team cracked algo stablecoins today, but previous cycle gave me so much PTSD not sure if we should implement,” he said on March 21.

他在3月21日說：“可以肯定的是，我們的團隊今天破解了艾爾戈·斯塔布雷因斯（Algo Stablecoins），但以前的周期給了我太多的PTSD不確定我們是否應該實施。”

The Terra-Luna crash in May 2022 saw over $40 billion in value wiped out as its UST stablecoin lost its dollar peg and sister token LUNA plunged over 98%.

2022年5月，Terra-Luna墜機事故發生了超過400億美元的價值，因為其UST Stablecoin失去了美元釘，姐姐令牌Luna跌落了98％以上。

Sonic claims to be the world’s fastest Ethereum Virtual Machine (EVM) chain, boasting a 720-millisecond (ms) finality—meaning transactions are considered irreversible almost instantly. The blockchain hit the news when its testnet achieved this milestone on September 8.

Sonic聲稱是世界上最快的以太坊虛擬機（EVM）鏈，具有720毫秒（MS）的終結性 - 幾乎可以立即認為不可逆的交易。該區塊鏈在9月8日實現了這一里程碑時，就會發出新聞。

While interest in algorithmic stablecoins remains despite the collapse of Terra, Sonic’s project faces skepticism as regulators worldwide have imposed stricter measures. The European Union’s Markets in Crypto-Assets Regulation (MICA) bill, in particular, outlaws the issuance of algorithmic stablecoins to prevent another catastrophic meltdown.

儘管儘管Terra崩潰了，但對算法穩定的算法仍然存在興趣，但Sonic的項目面臨持懷疑態度，因為全球監管機構都採取了更嚴格的措施。歐洲聯盟在加密資產管理法規（MICA）法案中的市場尤其是釋放算法的穩定劑，以防止另一種災難性的崩潰。

The clock is ticking for Sonic to launch its stablecoin as it faces an uphill battle to collect enough funding to scale up and hire a team to complete the project.

時鍾正為Sonic發起穩定的努力，因為它面臨著一場艱苦的戰鬥，以收集足夠的資金來擴大規模和僱用團隊來完成該項目。

As the project progresses, it will be interesting to see if Sonic can overcome the skepticism toward crypto projects following the downfall of promising projects like Atomics and Blockhash, which ultimately failed to deliver on their promises.

隨著項目的進行，在有希望的項目（如Atomics和Blockhash）的衰落之後，Sonic是否可以克服對加密項目的懷疑，這將最終未能兌現承諾。

The crypto industry will be watching closely to see if Sonic’s algorithmic stablecoin can avoid the pitfalls that doomed its predecessors and become a success story in the ever-evolving cryptocurrency landscape.

加密貨幣行業將密切關注，以查看Sonic的算法stablecoin是否可以避免陷入困境的陷阱，這些陷阱注定了其前輩，並成為不斷發展的加密貨幣景觀中的成功故事。