Andre Cronje announced that the annualized yield for USDC on the Sonic network has reached 5.11%, with USDT and ftUSD yields on Ethereum at 5.27%. These yields are achieved without relying on token incentives, subsidies, or complex mechanisms like circular leverage or staking unlock periods. Cronje emphasized the ease of instant redemption and liquidity, underscoring that DeFi still has significant growth potential, with much to explore and build in the on-chain ecosystem.
Andre Cronje Highlights 5.11% USDC Yield on Sonic, Sees DeFi Growth Potential
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