ChainCatcher news, Sonic co-founder Andre Cronje (AC) disclosed more details about his previously announced algorithmic stablecoin project on X. With a TVL of $10 million, the annual percentage rate (APR) can exceed 200%; with a TVL of $100 million, the APR is about 23.5%; when the TVL exceeds $1 billion, the APR will stabilize around 4.9%. AC finally stated that he will form a team to fully launch the project.Previous news, AC mentioned in a post on X last week that the team has made technical breakthroughs in algorithmic stability, but is uncertain whether to launch due to concerns about the dark history of this sector.

ChainCatcher news, Sonic co-founder Andre Cronje (AC) posted on X that the team has made technical breakthroughs in the field of algorithmic stablecoins, but the events of previous cycles have left him with "post-traumatic stress disorder" (PTSD), and he is uncertain whether to implement this plan.

ChainCatcher news, regarding the proposal to restore the 70 billion CRO that were destroyed, which was voted through by Cronos, Sonic co-founder Andre Cronje (AC) posted on the X platform questioning and mocking: "Tomorrow, Cronos's market cap will rise from $2.5 billion to $8.5 billion, with just one vote, and this only requires one voter. 1. Market cap is a meme. 2. Decentralization doesn't matter until it matters. 3. Immutability doesn't matter until it matters."Previous news, the proposal to restore the 70 billion CRO by Cronos was voted through, raising questions in the community during the voting process.