Sonic区块链正在通过其算法Stablecoin的实施前进

尽管担心潜在的崩溃使人联想到Terra-Luna崩溃

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区块链正在采用其算法的稳定性，尽管担心潜在的崩溃让人联想到Terra-Luna崩溃，但它有望在高达23％的APR上产生高收益的一代，这引发了Crypto最长的冬季。

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.

与菲亚支持的稳定蛋白不同，算法稳定剂使用基于代码的机制来维持价格稳定性。 Sonic Labs的联合创始人，渴望的创始人Andre Cronje表示，新的Stablecoin的概念验证证明（POC）显示出令人鼓舞的结果，而在较低的TVL中，随着TVL的增加，TVL的较低率会随着TVL的增加而下降。 APR的总价值锁定为1000万美元（TVL），收益超过200％，而TVL的价格为1亿美元，APR为23.5％。但是，在$ 1B+的较高TVL的情况下，APR定居于4.9％左右，并且似乎保持稳定。

Cronje posted on X on March 22:

Cronje于3月22日发布于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看起来不错。收益> 200％APR @ 100m TVL，APR @ 100m约23.5％，稳定在4.9％左右的4.9％，为1亿+。将扩大规模，并让团队获得完整的发布。”

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

克朗杰（​​Cronje）宣布这一消息是在他透露由于Terra崩溃的PTSD而继续进行该项目的第二天。

“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日说：“可以肯定的是，我们的团队今天破解了艾尔戈·斯塔布雷因斯（Algo Stablecoins），但以前的周期给了我太多的PTSD不确定我们是否应该实施。”

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坠机事故发生了超过400亿美元的价值，因为其UST Stablecoin失去了美元钉，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声称是世界上最快的以太坊虚拟机（EVM）链，具有720毫秒（MS）的终结性 - 几乎可以立即认为不可逆的交易。该区块链在9月8日实现了这一里程碑时，就会发出新闻。

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.

尽管尽管Terra崩溃了，但对算法稳定的算法仍然存在兴趣，但Sonic的项目面临持怀疑态度，因为全球监管机构都采取了更严格的措施。欧洲联盟在加密资产管理法规（MICA）法案中的市场尤其是释放算法的稳定剂，以防止另一种灾难性的崩溃。

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.

时钟正为Sonic发起稳定的努力，因为它面临着一场艰苦的战斗，以收集足够的资金来扩大规模和雇用团队来完成该项目。

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.

随着项目的进行，在有希望的项目（如Atomics和Blockhash）的衰落之后，Sonic是否可以克服对加密项目的怀疑，这将最终未能兑现承诺。

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.

加密货币行业将密切关注，以查看Sonic的算法stablecoin是否可以避免陷入困境的陷阱，这些陷阱注定了其前辈，并成为不断发展的加密货币景观中的成功故事。