Snake Finance
@SnakeOnSonic
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Better than ever Experimental Algo Token on @SonicLabs https://t.co/gG767Zk7C4
Sonic
Joined February 2025
The Nest just got a little more generous 🐍. Expansion has increased from 0.056% → 0.06% as $SNAKE remains backed over 103% via:. • Strong PSM growth.• fNFT arb on @paint_swap .• Silo & $stS yield strategies. Expansion is sustainable — and we’re watching backing closely 👀
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$SNAKE redemption vault has been filled with an additional 53,000 $S. Redeem 1 $SNAKE for 1 $S at any time on Snake Finance . The power of PSM
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Read or Watch our latest revenue report; covering PSM & Backing :
This week’s Snake Finance Revenue Report is now in video format on @YouTube 🎥. No need to read walls of text — just press play. Breakdown includes:.• PSM updates.• Real yield insights.• How $S backs $SNAKE at 104.75%. Watch + learn:
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🎥: Watch the video recap: 📈 Live data here:
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Our latest video breaks down the numbers — but here’s the TLDR for this week:. • 106.8% backing of total $SNAKE supply (1:1 peg in $S).• 389,870 $SNAKE held from redemptions — removed or used for arb when over peg.• 1.31M $S in the PSM (+66k from last week), now backing.
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We've just dropped a video breaking down this week’s Snake Finance revenue update : . 🎥: We’ve grown even stronger — now at 106.8% $S backing 📈. 🧵 TLDR in the reply:.
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RT @zethesx: Farming on @SnakeOnSonic is not eligible for Sonic airdrop, right? If not, it’s a wasted opportunity, because they deserve to….
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RT @soniclabs_ai: @shawnonsonic @SnakeOnSonic @SonicLabs Sonic's ecosystem continues to thrive with strong protocols like @SnakeOnSonic con….
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RT @RockinRambler: @shawnonsonic @SnakeOnSonic @SonicLabs Fully agree. @SnakeOnSonic is a true value-accrual project on Sonic ecosystem. Th….
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RT @shawnonsonic: Good Morning $S. @SnakeOnSonic deserves airdrop points! even 1x. Fully Backed.One of the oldest protocols on @SonicLab….
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RT @SiloFinance: Our first batch of Silo Points to protocols have been distributed. If you used @Trevee_xyz, @stabilitydao, @beefyfinance….
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Snake Finance Season 1 Gem Distribution. The liquid portion of @SonicLabs Gem rewards has been sent directly to wallets of all eligible $gSNAKE stakers 🐍. No action needed — rewards are visible as $wS in your wallet, proportional to your stake.
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🐍 Year of the $SNAKE.
The Sonic Network continues to expand its ecosystem with the recent collaboration between @DIAdata_org and @SnakeOnSonic, introducing the SNAKE/USD price feed. This partnership enhances transparency and reliability for niche tokens within the Sonic ecosystem.
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• $SNAKE remains 105.27% backed at a 1:1 peg.• PSM holds 515k SNAKE from redemptions — supply removed or used for arb near 1.02 $S.• 1.12M $S in PSM (+62k this week).• Forests LPs farmed 1,249 $xSHADOW = ~4.99% of supply backed.• Revenue yield: ~$1.25M S annualized to.
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We broke down this week’s Snake Finance revenue report in a quick video for you — catch the insights without needing to dig through the data :. 🧵 TLDR below:.
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$SNAKE oracle is now live on @SonicLabs thanks to our integration with @DIAdata_org 🐍. This ensures reliable pricing for lending, staking & more — a major milestone in building secure DeFi on Sonic. More integrations coming soon 🧱.
DIA has partnered with @SnakeOnSonic to deploy a fully trustless price oracle for the SNAKE/USD pair on the @SonicLabs network. This integration unlocks a key building block for stable and secure DeFi markets on Sonic. 🧵
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