This article was compiled from a long-form Twitter thread. To read the original, visit this link: https://x.com/gimme%5Fcrypto%5F/status/1884444508039037380
Sake Finance + Soneium: Re-Shaping The On-Chain Experience
&
are aiming to change how we think about De-Fi & bring it into the mainstream eye.
A thread to break it down for you.
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Soneium: The Foundation
Soneium is Sony Block Solutions Labs' Layer 2 blockchain, built on ETH using the OP Stack.
It's designed to bridge traditional internet services (Web2) with blockchain tech (Web3), aiming to make on-chain interactions mainstream
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Sake: Liquidity Gurus
Sake is the flagship liquidity platform on Soneium.
It offers a full suite of services including lending, borrowing & SONE, a stablecoin for Soneium. They keep things simple, making onboarding easy.
Sake will be a key player in Soneium.
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Products:
Sake has a broad product range. You’ll find:
Lending/Borrowing: All the usual assets
SONE Stablecoins: Made for Sake & Soneium
Leveraged Liquidity: Yield optimisation that makes life easier for both beginners & experienced players.
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Benefits:
So why Soneium when we have ETH & other L2's accessible?
Here's a few reasons.
Increased efficiency in transactions due to Soneium’s L2 capabilities.
A broad user base, tapping into Sony's network for DeFi adoption.
Scalable infrastructure that works with you
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Got Points?!
We’re early. That means possible airdrops.
Sake already has an active points program, where you can earn Points through various activities.
It's pretty easy to join in. Be active, and be rewarded.
Also, make sure you follow so you don't miss out on tutorials.
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Get Involved:
All you need is an ETH wallet & some funds to play with. Use the cheap & fast @acrossprotocol bridge to get your funds on Soneium, then:
Join Sake using this link: https://app.sakefinance.com/rewards?code=4YaQxBxuG3…
Lastly, lend, borrow, & mint some SONE on the Soneium mainnet.
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Want More?
If you enjoyed this thread, you should follow TG where we push links like this & new project updates directly to the community.
Find it at http://t.me/gimme%5Fcrypto
Then Follow @inv515 for other info/tutorial threads & cyber tips
End of Thread
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