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AC: Sonic's USDC yield is 5.11%, DeFi is far from reaching its peak
BlockBeats News, May 9th, Andre Cronje posted a message stating that the annualized yield on USDC on the Sonic network has reached 5.11%, while the yield on USDT and ftUSD on Ethereum has reached 5.27%.
Andre Cronje emphasized that this yield does not rely on token incentives, subsidies, or points systems, nor does it require circular leverage, staking lock-up periods, or exit queues, and it supports instant redemption and liquidity.
He stated that DeFi is still far from reaching its peak, “There is still a lot of space worth exploring and building in the on-chain world.”