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Andre Cronje, chief technology officer at Sonic Labs (formerly known as Fantom), highlighted returns of 14.56% on USDC and USDT on Ethereum, and 9.65% on USDC and USSD on Sonic.
These yields are enabled by FT margin lending and come with features such as circuit breakers, timelocks, extensive audits, and geo-distributed signers. Cronje emphasized that everything is onchain with instant liquidity and no reliance on curators or subsidies.
Cronje previously reported that FT's first major drawdown event saw just $50,000 liquidated through equity account based lending. He also highlighted that users could earn up to 18.50% on USDC or USSD via ftUSD, with BTC and ETH borrowing rates below 1 percent. These earlier disclosures follow ongoing developments in FT margin lending.