What is Sonne Finance (SONNE)?
Sonne Finance is a decentralized lending protocol that launched on Optimism in 2022. Sonne Finance lets users borrow money easily and quickly. It aims to be the best lending platform on Optimism.
How Sonne Finance (SONNE) Works
Sonne Finance’s collateral and reserve mechanic is based on Compound Finance's system. Reserves are an accounting entry in each soToken contract that represents a portion of historical interest, determined by the reserve factor. The reserve factor is the percentage of interest paid to Sonne Finance, and it is different depending on the asset. Sometimes, Sonne Finance may change the collateral and reserve factors based on things like liquidity.
When a borrower has to face liquidation, a liquidator uses the "absorb" function to calculate the value of the collateral minus a penalty, and returns it to the borrower in the base asset. After the liquidation event, usually the borrower ends up with no debt and some base assets. The protocol uses its reserves of the base asset to pay for each absorption, and receives the collateral assets in return. If the protocol's remaining reserves fall below the target level, liquidators can buy the collateral at a discount using the base asset, which increases the protocol's reserves of the base asset.
Participants of Sonne Finance, whether they are borrowers or lenders, are rewarded with SONNE tokens.
How Many Sonne Finance (SONNE) Tokens Are in Circulation?
SONNE's total supply: 100,000,000
SONNE's circulating supply: 34,478,042
How to Buy Sonne Finance (SONNE)
Consider investing in Sonne Finance (SONNE)? It only takes 2 minutes to create an account on Bitget and start trading SONNE.
Check out the available SONNE trading pairs on Bitget!
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Sonne Finance (SONNE) Resources
Simple 3-step guide to buying SONNE today in Maldives
Create your free Bitget account
Select a funding method
Complete your Sonne Finance purchase
Step 1: Create a free account on the Bitget website or the app
Step 2: Place an order for Sonne Finance using a payment method of your choice:
Buy Sonne Finance with a debit/credit card
For Visa or Mastercard, select Credit/Debit card, then click Add New Card under the "Buy" tab
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget websiteSelect your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget websiteFor Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your Sonne Finance order.
How to buy crypto with credit/debit cardBuy Sonne Finance with Google Pay or Apple Pay
Converting your Google Pay and Apple Pay balance into Sonne Finance is easy and secure on Bitget. Simply click Buy Crypto > [Third Party] in the top navigation bar to place your Sonne Finance order.How to buy crypto via third-party gatewayBuy with bank transfer
We accept various payment methods, including iDeal and SEPA for EUR, PIX for BRL, PayID for AUD, UPI for INR, QRIS, DANA, and OVO for IDR, SPEI for MXN, and GCash for PHP. These services are facilitated by Alchemy Pay, Banxa, Mercuryo, and Simplex payment gateways. Simply select Buy Crypto > [Third Party] in the top navigation bar and select a fiat currency to place your Sonne Finance order.Buy Sonne Finance with the fiat balance in your Bitget account
You can Deposit fiat funds using Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your Sonne Finance order.P2P trading
With Bitget P2P, you can buy crypto using over 100 payment methods, including bank transfers, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Simply place an order, pay the seller, and receive your crypto. Enjoy secure transactions with escrow protection.How to buy crypto on Bitget P2P
Step 3: Monitor Sonne Finance in your Bitget spot wallet
Bitget—where the world trades Sonne Finance
How to buy Sonne Finance for free
- Learn how to earn Sonne Finance for free through the Learn2Earn promotion
- Earn free Sonne Finance by inviting friends to join Bitget's Assist2Earn promotion
- Receive free Sonne Finance airdrops by joining On-going challenges and promotions
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