Total return swaps and PUT system drive results, Andre Cronje notes

Total return swaps and PUT system drive results, Andre Cronje notes
Total return swaps and PUT system progress

Andre Cronje, chief technology officer at Sonic Labs (formerly known as Fantom), expressed enthusiasm about the upcoming launch of total return swaps. He also shared his satisfaction with the team's achievement of delivering key features in under 60 days, emphasizing that the PUT system is functioning as intended, even in challenging conditions.

Cronje has previously detailed the performance of onchain earnings, noting 7.49% yields on USDC and USDT through the PUT system. He reported $1.3 million allocated for buybacks in a recent update. The PUTs generated $50,000 in weekly earnings at the time, with total returns of $40 million.

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