Sonne Finance
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Protocol TVL
Fees & Revenue
Chain Fees Distribution
Revenue Breakdown
About Sonne Finance
Sonne Finance is a decentralized lending protocol for individuals, institutions and protocols to access financial services. It is a permissionless, open source and Optimistic protocol serving users on Optimism. Users can deposit their assets, use them as collateral and borrow against them
Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.
Sonne Finance tokenomics and on-chain capital
Sonne Finance's governance or utility token carries a market capitalisation of $25.8K based on circulating supply at the latest DeFiLlama snapshot. The token's market cap ($25.8K) is small relative to deposits secured by the protocol ($153.4K); a mcap/TVL multiple of 0.17× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.
Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.
Sonne Finance Timeline
Major events flagged by the DeFiLlama community — protocol launches, exploits, governance changes, and incentive programs.
- Oct 2, 2022Listed on DeFiLlama
Protocol Profile
Sonne Finance is a Lending protocol that lets users supply assets as collateral, borrow against them, and earn interest from borrowers paying variable or stable rates. It is deployed across 2 chains, including Base, Optimism.
TVL Distribution by Chain
TVL spans 4 chains across the deployment. See the breakdown below for per-chain values.
Supported Chains
Protocol Footprint
Sonne Finance operates on 2 networks (Base, Optimism), keeping its surface area narrower than chain-agnostic peers. Roughly 100% of its on-chain value sits on just three networks (Base, Base-borrowed, borrowed), so a fault on any one of them would affect a large slice of users. Its token market cap ($25.8K) is small relative to TVL ($153.4K) — a mcap/TVL ratio of 0.17 is often read as the token being structurally undervalued versus the activity it secures.
Official Resources & Links
Verified external resources for Sonne Finance — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.
Other Lending protocols on Mantapex
Sonne Finance is one of 7 Lending protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Aave V3, Morpho V1, JustLend, and 3 more. These peer protocols collectively secure $43.4B in deposits, giving you a frame of reference for whether Sonne Finance's own TVL is at the top, middle, or tail of the category.
Available Yields
| Project | Pool | APY | TVL |
|---|---|---|---|
| sonne-finance | WETH | 0.07% | $143.8K |
Recent Sonne Finance news
Latest reporting from major crypto news outlets covering Sonne Finance.
- Coindesk
Sonne Finance Token Drops 60% After $20M Exploit on Optimism
Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne's markets on the Base blockchain were not affected.
- Finbold
Major lending protocol hit by $20M hack; Bitcoin DeFi tool loses $4.3M
In a series of alarming incidents, two prominent decentralized finance (DeFi) platforms, Sonne Finance, and ALEX Lab, have been targeted by sophisticated hacks, resulting in a…
- Crypto news
Sonnet ditches biotech dreams to anchor a $583m HYPE token reserve
Sonnet BioTherapeutics is no longer just a cancer drug developer. Its $888 million merger will place it among the largest HYPE holders, blurring the lines between traditional…
- CoinPedia
May 2024 Sees Significant Crypto Losses: Gala Games and SonneFinance Among Major Victims
In Immunefi's most recent report of May 2024, the cryptocurrency industry had lost a lot of money in hacks and frauds. Reporting these failures as of May, the total is 108, with…
- Blockonomi
Sonnet BioTherapeutics Stockholders Greenlight Hyperliquid Strategies Merger Deal
Biotechnology firm pivots to crypto as shareholders vote to approve business combination transaction
- Crypto Briefing
Sonnet shareholders approve Hyperliquid merger to launch HYPE-focused crypto treasury
Sonnet gets approval to merge with Hyperliquid and launch the first digital asset treasury centered on the HYPE token. Sonnet shareholders approve Hyperliquid merger to launch…
- Coincu
Sonnet Stockholders Approve Merger With Hyperliquid Strategies Deal
Sonnet BioTherapeutics Holdings, Inc. announced stockholder approval of its proposed business combination with Hyperliquid Strategies Inc and Rorschach I LLC. The decision…
- The Block
Sonnet shareholders approve merger for potential $1 billion HYPE crypto treasury
The Hyperliquid digital asset treasury told the SEC in October it wants to raise up to $1 billion to fund its HYPE accumulation strategy.
Related protocols
Other DeFi protocols connected to Sonne Finance by category, deployment chain, or shared codebase lineage — useful for comparing TVL, fee models, or audit posture across direct peers.
Other Lending protocols
Top protocols on Base
Fork lineage & related versions
Risk Warning
DeFi protocols carry inherent risks including smart contract vulnerabilities, liquidity risks, and potential loss of funds. Always do your own research before investing.
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