PANews May 15 news, Sonic Labs strategic director SonicAssistant stated that the team officially notified Wintermute 24 hours ago that they would not renew the cooperation agreement, ending five years of exclusive market-making cooperation between the two parties. Sonic will collaborate with new market makers that are more actively involved in the DeFi ecosystem, community building, and team communication. Wintermute subsequently sold approximately $857,000 worth of S tokens, suspected to be a return of the previous $16 million loan inventory.
