Sonic Labs Terminates Market-Making Partnership with Wintermute: A Shift Towards Deeper DeFi Integration

Sonic Labs has concluded its five-year market-making partnership with Wintermute, signaling a strategic shift towards deeper integration within the platform’s growing decentralized finance (DeFi) ecosystem. The termination, effective May 15, 2025, follows Wintermute’s sale of approximately $857,000 in S tokens related to a $16 million loan inventory, which impacted the S token’s value and reflects evolving market strategies. Sonic Labs is actively seeking new partners to enhance its DeFi ecosystem through collaborative efforts.