Home Blockchain Sonne Finance Partners with Chainlink BUILD Program to Boost DeFi Expansion

Sonne Finance Partners with Chainlink BUILD Program to Boost DeFi Expansion

Sonne Finance

In a strategic move to accelerate its growth and enhance its crypto ecosystem, Sonne Finance has officially joined forces with the Chainlink BUILD program. This partnership aims to facilitate on-chain borrowing and lending, foster additional security measures for cryptocurrencies, and establish a strong connection between two prominent entities in the blockchain universe.

Sonne Finance’s Pioneering Step

Sonne Finance, a rapidly emerging player in the DeFi sector, has set its sights on expanding its horizons. The platform’s decision to align with the Chainlink BUILD program is not just a partnership; it’s a milestone in the making. The collaboration with Chainlink, renowned for its Oracle solutions, will pave the way for groundbreaking developments in the realm of DeFi.

Unlocking the Potential

At the core of this partnership is a shared vision of enhancing connectivity and security in the crypto space. Sonne Finance is poised to leverage the technical support and benchmark Oracle solutions provided by Chainlink to make on-chain borrowing and lending more efficient and secure. This move promises not only to benefit Sonne Finance but also to provide additional incentives and network fees to the Chainlink community, service providers, and stakeholders.

Sonne Finance has been no stranger to the benefits of Chainlink’s Price Feeds, and this synergy with Chainlink BUILD will make integrating Chainlink even more seamless. Improved incentive alignment, enhanced connectivity, and support from the Chainlink ecosystem will be instrumental in meeting the demands of decentralized applications seeking an EVM-adaptable lending and borrowing protocol.

Sonne Finance’s Unique Offering

Sonne Finance is an EVM-adaptive protocol designed for borrowing and lending. It first made its mark on Optimism and later expanded to Base, making it a versatile platform catering to a broad audience. The primary objective is to establish itself as the premier liquidity provider for OP Stack chains and to enable cross-chain lending capabilities. But the ambitions don’t stop there; the future roadmap includes the development of an on-chain solution for collateralizing real estate.

Why Chainlink BUILD?

The question on many minds is why Sonne Finance chose to align with the Chainlink BUILD program. The answer is simple: trust and safety. The Chainlink Oracle framework is renowned for its reliability and security, which are crucial in the world of cryptocurrencies. By joining the BUILD program, Sonne Finance gains access to Chainlink CCIP and Automation, early access to upcoming Chainlink product alpha and beta versions, and the opportunity to enhance its offering in collaboration with Chainlink.

Over time, Sonne Finance is committed to rewarding Chainlink service providers, including stakers, with 3% of its native token supply in exchange for their valuable services. This demonstrates the commitment to building a symbiotic relationship that benefits all parties involved.

Atakan Yelkovan’s Perspective

The visionary leader at the helm of Sonne Finance, Atakan Yelkovan, emphasizes the importance of the Chainlink BUILD program. For Sonne Finance, it’s not just about building a network; it’s about establishing connections with benchmark Oracle solutions, technical support, and a robust crypto-economic module. These elements, Yelkovan believes, will fortify Sonne Finance’s security measures and position it as a trusted player in the DeFi ecosystem.

Chainlink: The Backbone of Web3 Services

Chainlink, often referred to as the benchmark for Web3 services, has played a pivotal role in driving countless transactions across various domains, including DeFi, insurance, gaming, NFTs, and more. Its Oracle solutions have become the go-to choice for many in the crypto space, providing reliable data and connectivity to power decentralized applications.

Sonne Finance: A DeFi Game Changer

On the other side of the spectrum, Sonne Finance is making waves as a decentralized lending protocol that caters to both individuals and institutions. In addition to facilitating connections to financial services, Sonne Finance operates on an optimistic, permissionless, and open-source protocol, making it an attractive option for users on the Optimism network. Users can employ their assets as collateral, make deposits, or borrow against them, offering a wide range of financial possibilities.

Looking Ahead

As we look to the future, the partnership between Sonne Finance and Chainlink BUILD promises exciting developments in the DeFi landscape. The collaboration not only exemplifies the spirit of innovation and cooperation but also underscores the importance of trust and security in the cryptocurrency realm.

In conclusion, Sonne Finance’s integration with the Chainlink BUILD program is a pivotal moment in the world of DeFi. As the crypto industry continues to evolve and expand, the need for robust security, efficient lending and borrowing solutions, and reliable Oracle data becomes more pressing. Sonne Finance and Chainlink are stepping up to the challenge, and their partnership is a beacon of hope for the blockchain community.

Read more about:
Share on

Sakamoto Nashi

Nashi Sakamoto, a dedicated crypto journalist from the Virgin Islands, brings expert analysis and insight into the ever-evolving world of cryptocurrencies and blockchain technology. Appreciate the work? Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

Crypto newsletter

Get the latest Crypto & Blockchain News in your inbox.

By clicking Subscribe, you agree to our Privacy Policy.