Welcome to the first edition of Sip with Sake on Soneium! Sip with Sake on Soneium will be a weekly/biweekly post.

Let’s kick things off with an introduction to Sake Finance - https://x.com/sakefinance, the modular liquidity protocol built on Soneium. We’re on a mission to supercharge DeFi with our stablecoin, SONE, which is backed by yield-bearing tokens. Our ecosystem is designed to provide users with enhanced liquidity, optimized strategies, and seamless DeFi interactions.

With Sake Finance, we’re not just building another DeFi protocol—we’re creating a platform that blends flexibility and efficiency, delivering an experience that’s as smooth as Sake.

🍶 Sake Finance Updates

  • Sake Finance joined a AMA Hosted by Neemo Finance together with other Projects building on Soneium.

  • Sake Collab with Kyo Finance

    • Mock testnet ASTR can be minted from Sake's Faucet and use to borrow SONE.

    • You will be able to use KYO to swap them for other token & LP.

  • Sake testnet users has grown to 5000+

    • Thanks for the support if you haven't tried out our dApp do visit https://app.sakefinance.com/.

🍶 Soneium Updates

This week, Soneium has made significant strides in enhancing its platform. Key updates include:

  • Soneium Spark Winner will be announced on 14 October with 1700+ project applying for it.

  • Tech integration by Alchemy - Access everything you need on AlchemyPlatform as a builder.

    • Upgrade for Minato Testnet mainly on security and Superchain portion of stuff.

    • Permissioned fault proofs for extra security

    • Layer 1 Contract upgrades to v1.6.0

    • Foundation laid for Superchain integration

🍶 Astar Updates

It looks like Astar is running a LFGM Campaign! Check out their post and read more about it!

🍶 Project Highlight on Soneium

Each week, we will spotlight a maximum of 4 exciting projects on Soneium, showcasing their latest initiatives and contributions to our ecosystem. We’ll keep bringing in new projects to keep the community informed and engaged!

Neemo Finance

What can you do on Neemo Finance?

  • Liquid stake your ASTR and support dApps. Fuel liquidity on Soneium with 1-click staking. Enjoy true unlocked DeFi freedom with boosted rewards!

  • Webpage: https://neemo.finance/

  • X: https://x.com/neemofinance

  • Testnet coming soon!

SynStation

What can you do on SynStation?

  • While they are now in the staking phase, you can stake your asset, what i am really excited about is the launch of their Gamified Prediction Market.

  • Webpage: https://www.synstation.org/

  • X: https://x.com/SynStation

Kyo Finance

What can you do on Kyo Finance?

  • Configurable pool system accepts not only ERC-20 tokens but all types of on-chain assets including but not limited to ERC-721&1155.

  • At testnet you are currently able to swap tokens - SONE is there do make some swap with them!

  • Webpage: https://app.kyo.finance/swap

  • X: https://x.com/kyofinance

SoneX

What can you do on SoneX?

  • Swap and Pool will be available in testnet base on their landing page and other financial derivatives will be live during Q1 2025!

  • Their testnet will be coming soon!

  • Webpage: https://www.sonex.so/#/

  • X: https://x.com/sonex_so

🍶 Join Us on Discord!

Join our community on Discord to stay updated on all things Sake Finance and Soneium. We’d love to hear your thoughts and ideas!

🍶 Stay Connected

Don’t forget to subscribe to our newsletter for the latest updates and insights from Sake Finance. Together, we can shape the future of DeFi on Soneium. Let’s raise a glass to another exciting week ahead— kanpai!

Follow Sake at https://x.com/sakefinance

Join our discord: https://discord.com/invite/M3zpHSFJkG

!SIP Sake & Go Mainstream on Soneium - Sake Intern