Wu said that Sonic's Chief Strategy Officer, SonicAssistant, revealed that Wintermute was notified 24 hours ago that their market making (MM) contract will not be renewed, ending a 5-year partnership. Sonic has engaged with other market makers, and the new partner will provide MM++ services, deeply participating in the DeFi ecosystem, supporting application growth, engaging in global community activities, and maintaining proactive communication. SonicAssistant stated that supporting only centralized exchanges (CEX) can no longer meet the ecosystem's needs.

DEFI

 SONIC

Wu reported that Sonic's Chief Strategy Officer, SonicAssistant, revealed that 24 hours ago, they notified Wintermute that they would not renew the market making (MM) contract, ending a 5-year cooperation between the two parties. Sonic has been in contact with other market makers, and the new partners will provide MM++ services, deeply engage in the DeFi ecosystem, support application growth, participate in global community activities, and maintain proactive communication. SonicAssistant stated that supporting only centralized exchanges (CEX) can no longer meet the ecosystem's needs.

Sonic CSO: Sonic Terminates Partnership with Wintermute