Buying Sonne Finance on Bitget
Create a free account on the Bitget site or app.
Choose how you want to buy the Sonne Finance (SONNE) asset.
Hint: To have a wider variety of payment methods, you can consider buying a stablecoin like USDT first and then use that coin to buy Sonne Finance (SONNE) on the spot market.
Explore the available options now:
Complete the purchase of Sonne Finance
Note: Want to keep tabs on coin prices? Visit our Coin prices directory or Sonne Finance Price Page and bookmark them to stay updated!
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Bitget: Where The World Trades Sonne Finance
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Trading crypto on Bitget is easy and intuitive. You only need a few steps to buy Sonne Finance instantly.
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What to Do After I Buy Sonne Finance
Store/Hold Sonne Finance
Many users hold on to their Sonne Finance with the expectation of it increasing in value. You can store your SONNE safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.
Trade Sonne Finance
You can trade Sonne Finance for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Sonne Finance trading to meet your needs.
Send Sonne Finance
Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Sonne Finance online and send to anyone and anywhere with their Sonne Finance address.
Spend Sonne Finance
You can also buy goods and services with your Sonne Finance. More and more vendors and retailers accept Sonne Finance every day.
Donate Sonne Finance
Bitget Charity accepts Sonne Finance donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Sonne Finance so no one misses out on the growth made possible by blockchain.
Learn More About Sonne Finance
You can read more in-depth articles on Sonne Finance from Bitget Research and study how cryptocurrencies like Sonne Finance work on Bitget Academy
Or still haven't decided if you want to buy Sonne Finance?
What is Sonne Finance (SONNE)?
Sonne Finance is a decentralized lending protocol that launched on Optimism in 2022. Sonne Finance lets users borrow money easily and quickly. It aims to be the best lending platform on Optimism.
How Sonne Finance (SONNE) Works
Sonne Finance’s collateral and reserve mechanic is based on Compound Finance's system. Reserves are an accounting entry in each soToken contract that represents a portion of historical interest, determined by the reserve factor. The reserve factor is the percentage of interest paid to Sonne Finance, and it is different depending on the asset. Sometimes, Sonne Finance may change the collateral and reserve factors based on things like liquidity.
When a borrower has to face liquidation, a liquidator uses the "absorb" function to calculate the value of the collateral minus a penalty, and returns it to the borrower in the base asset. After the liquidation event, usually the borrower ends up with no debt and some base assets. The protocol uses its reserves of the base asset to pay for each absorption, and receives the collateral assets in return. If the protocol's remaining reserves fall below the target level, liquidators can buy the collateral at a discount using the base asset, which increases the protocol's reserves of the base asset.
Participants of Sonne Finance, whether they are borrowers or lenders, are rewarded with SONNE tokens.
How Many Sonne Finance (SONNE) Tokens Are in Circulation?
SONNE's total supply: 100,000,000
SONNE's circulating supply: 34,478,042
How to Buy Sonne Finance (SONNE)
Consider investing in Sonne Finance (SONNE)? It only takes 2 minutes to create an account on Bitget and start trading SONNE.
Check out the available SONNE trading pairs on Bitget!
Sonne Finance (SONNE) Resources