FAQs

What is Sonic?

Sonic is a decentralized peer-to-peer exchange for liquid staking derivatives (LSDs). It is designed to address the inefficiencies associated with redeeming LSDs, diversifying stake across multiple protocols, and unlocking the opportunity to buy LSDs at a discount.

What are the benefits of using Sonic?

Sonic, as a specialized decentralized exchange protocol, maximizes yield for liquidity providers while minimizing slippage and fees for LSD holders. It creates a two-sided market, catering to both those seeking better pricing (discounted liquid tokens) for staking and those looking to unstake while minimizing time and fees.

Is Sonic suitable for both experienced and novice users?

Yes, Sonic is designed to cater to users of all levels of experience. Whether you are an experienced liquidity seeker or new to the concept of liquid staking, Sonic offers a user-friendly interface and seamless functionality to enhance your liquidity-seeking journey.

How does Sonic ensure security and decentralization?

Sonic operates within ClayStack's framework, which is built with a strong commitment to decentralization, security, and scalability. Sonic ensures security and decentralization through rigorous testing, auditing, and adherence to decentralized protocols.

Can I cancel an order on Sonic?

Yes, you can cancel an order on Sonic if it has not been fulfilled by another user. Your tokens will be returned to you. Please note that orders can only be canceled if the unstaking process has not been initiated. In such cases, you can choose to claim instead once the unbonding period is over.

Will Sonic support additional liquid-staked tokens in the future?

We have an exciting surprise in store for you! Stay tuned for future updates as we expand the range of supported liquid-staked tokens on Sonic.