Sonic Labs has announced the termination of its contract with Wintermute after five years. This decision comes after Wintermute’s necessity to sell tokens to address a liquidity loan, resulting in a price drop of the S token.
With over 1 billion USD total value locked, Sonic Labs is actively searching for new market makers to enhance liquidity on its decentralized exchange. This strategic move aims to bolster growth in its decentralized finance ecosystem.
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