Sonic announces the termination of its five-year market-making partnership with Wintermute.

GateNews

2025-05-15 15:32:46

According to the Gate.io News bot, it was reported by Wu that Sonic’s Chief Strategy Officer SonicAssistant announced that the company notified Wintermute 24 hours ago that their 5-year market-making (MM) contract would not be renewed.

Sonic has begun discussions with other market makers for collaboration. The new partners will provide MM++ services, including deep involvement in the DeFi ecosystem construction, supporting application growth, participating in global community activities, and maintaining proactive communication.

SonicAssistant emphasizes: “Only supporting CEX can no longer meet ecological needs.”

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