Findora’s ecosystem is gaining a new star player: SonicSwap has officially launched! As a community-driven decentralized exchange (DEX), SonicSwap is set to play a pivotal role in enriching Findora’s emerging DeFi Landscape.
Created by a lean but passionate team, they are excited to be part of a new L1 chain like Findora. The SonicSwap team believes that Findora’s unique zk-technology and dual-chain architecture will open up exciting possibilities in the future.
Why Sonic and Findora Are a Dynamic Pair
Like Findora, SonicSwap is dedicated to giving users ownership of their data so that, as they interact with various platforms, users can control what is and is not disclosed.
Findora will help Sonic integrate user ownership of data in the future. Through its zk toolkits, Findora will enable zkNFTs and DiD systems that can add extra layers of security and give greater peace of mind to users.
EVM compatibility was another important factor for Sonic in choosing Findora. Having EVM compatibility opens the door to cross-chain bridging, interoperability, and future partnerships. It makes hiring new developers easy and, critically, increases exposure to the broader Ethereum ecosystem and community.
We’ve searched for a new chain to be our first for expansion, we searched, we researched, we weighed all the options, and Findora not only fit the bill but far exceeded it!
— SonicSwap Spokesperson
“It is ‘way past cool,’ so to speak, to have SonicSwap join our ecosystem. They have been easy to work with and have put together a powerful DEX that will no doubt play a big role in the growth of Findora’s DeFi.”
— Sam Harrison, CEO of Discreet Labs
More About Sonic Swap
The SonicSwap team has built an impressive platform.
Like other DEXs, users can swap tokens, supply liquidity, and earn rewards. But on SonicSwap, you can also accomplish various missions by depositing LP tokens to receive SONIC, the DEX’s governance token. Sonic has also built SonicCity, a place to stake SONIC tokens to earn 1/3rd of the trading fees generated. The rewards accrued in SonicCity do not have withdrawal fees and are 100% unlocked when claimed.
SonicSwap is committed to enabling as many users as possible to tap into the benefits of Findora’s technology. Consequently, they plan to launch additional features, like enhanced yield farming, staking derivatives, and other tools, after they have finished deploying.
Learn more about Sonic from their various channels:
The Findora Foundation will provide some initial liquidity to help launch the DEX and may also launch a liquidity mining campaign on SonicSwap.
After SonicSwap builds out yield farming and staking derivatives for the Findora community, they plan to focus on expanding their cloud mining services so Findora users have more options to make their rewards work for them. Cloud mining will also help bring in more liquidity from other chains to the Findora Network.
Once again, we’d like to congratulate the SonicSwap Team on their hard work and for deploying on Findora. We wish their team every success and look forward to what they build next!
Findora is a Layer-1 protocol delivering zero-knowledge solutions to Web3.
Findora integrates two ledgers into a single chain: an EVM ledger for interoperability and a UXTO ledger optimized for zk operations. This dual-layer architecture lets Findora encrypt blockchain data for programmable transparency and public use. By providing new use cases, Findora’s zk tech prepares Web3 for real-world adoption.
We appreciate our developers and would love to onboard you to the Findora ecosystem. Please reach out, and join our social channels for more.