[ Why do MM with Wintermute! What is it! ] I was thinking about how to effectively raise someone else's mind share over the weekend, and this quote came to mind?! I chose a total of 6 people, and for the third pick, I will neatly summarize what pingsh wrote about Wintermute and Sonic! =========== 25.05.15 Sonic-Wintermute MM extension X => 3 million $S selling pressure from Wintermute 25.09.12 Announcement of MM re-signing with Sonic and Wintermute What we gained from the re-signing are two things! 1. Confirmation of liquidity provision 2. Possibility of expanding the DeFi ecosystem To be honest, I didn't really know what MM was. I thought it was just a way to make profits while being all over the place, but of course, personal profit is important, but the core is 'providing liquidity'. That's why when whales sell or buy, the price doesn't spike. MM doesn't directly raise the price, but if liquidity is solid, trading experiences improve, leading to increased trading volume...
.@SonicLabs and Wintermute's MM contract Background and timing of the contract renewal - May 15, 2025: Sonic Labs does not renew the 5-year exclusive MM contract with Wintermute. => Wintermute sells 3 million $S tokens it held, creating a sell pressure of about $850,000. - September 12, 2025: Sonic Labs announces the renewal of the MM contract with Wintermute. ------ What this means is, 1. Reconfirmation of liquidity provision Wintermute is a global algorithmic market maker providing liquidity on centralized exchanges like Binance and Bybit. 2. Harmony with the expansion of the DeFi ecosystem Sonic is rapidly expanding its ecosystem, deploying major DeFi protocols like Curve, Aave, and Pendle on its own chain, surpassing a TVL of $1 billion. Wintermute is also skilled in on-chain liquidity provision, and this contract is positively perceived in the market as it may extend support for DEX-based liquidity. ------ Therefore, I believe that the price of $S will trend upward in...
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