What is SONE (SONE)?
Sake Finance is an integrated liquidity protocol on Soneium. Sake is pioneering a new era of decentralized finance, where different modules work together seamlessly to provide the smoothest user experience. At launch, Sake Finance is going live with 3 different modules: Lending and Borrowing: Our lending and borrowing protocol is the backbone of the Sake ecosystem. It offers a diverse range of assets and provides the main source of liquidity that drives the rest of the protocol. It also implements solutions such as E-Mode to enhance portfolio return and efficiency.
How does SONE work?
Overcollateralized Stablecoin: The second piece of the puzzle is our overcollateralized stablecoin, securely backed by yield-bearing tokens of the lending protocol. This stablecoin offers not only a reliable store of value but also extreme composability, enabling users to generate superior returns across our partner protocols. Leveraged Liquidity Strategies (LLS): Sake Finance's leveraged liquidity strategies offer an effortless way to leverage your assets, utilizing the liquidity and versatility of our lending, borrowing, and stablecoin.