Not Your Keys, Not Your Crypto:

Sonar´s role in the rise of DeFi

From chaos comes clarity, order & innovation

The recent FTX and Luna fiascos are considered as some of — if not the — most devastating, chaotic and impactful collapses in the financial world´s recent memory. In particular, FTX was mainly caused by bad management of clients’ funds and the lack of adequate collateral backing. This has led to thousands of companies, funds and people suffering major irreversible losses.

What’s driving the sudden interest in DeFi solutions?

During the last quarter of 2022, we’re witnessing a fascinating and logical phenomenon: following the dramatic collapse of Luna and FTX — as well as a reduced trust in centralised platforms, DeFi solutions are suddenly being sought after at a record rate.

Sonar Wallet preview

Where Sonar comes in

Sonar’s multichain, state-of-the-art, non-custodial Web3 wallet is in a fully-functioning alpha stage — and we fully expect to proceed to semi-open beta testing phase soon (note: Join our Live Demo Thursday December 8th and follow Sonar’s website, community and social media for updates ). Our entry into the market couldn’t come at a better time.

A word about our competition

As builders in such a new innovative space, we’ve got room for almost immeasurable growth. And it’s understandable that with different projects popping up everywhere, we do (and will) have competitors.

data from Chainlink Blog article

There’s more than meets the eye with Sonar

Our wallet is only part of the Sonar suite, and the tools it comprises are only scratching the surface of the Sonar ecosystem. This is an ecosystem that’s built to enable a seamless multichain experience for end-users whilst providing the foundations for facilitating dApp development and interoperability to the builders of the space.



The Official Medium Page of the Sonar Platform

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