Liquidity and Safe

Liquidity Token

SoneFi offers a diverse range of liquidity tokens for various tradable assets. Currently, there are two primary types: SPLP and HPLP. We plan to expand this ecosystem by introducing additional liquidity tokens in the future to support more on-chain trading opportunities.

SPLP

SPLP is a liquidity token tied to a basket of solid, low-volatility assets such as BTC, ETH, SOL, and other high-liquidity tokens. With leverage options of up to 50x, SPLP is designed as a low-risk, long-term yield-generating instrument for liquidity providers.

HPLP

HPLP is a liquidity token tied to a basket of high-volatility assets, including memecoins and innovative tokens, offering leverage options of up to 100x. While HPLP presents the potential for significantly higher yields, it also carries elevated risks due to the high leverage, despite robust safety mechanisms implemented across all LP tokens.

Future LPs

SoneFi will list additional liquidity token types in the next phase, enabling users to trade a broader range of on-chain assets.

Safe Mechanism

To ensure the protocol's long-term stability and security, SoneFi has implemented multiple safety mechanisms to protect LPs, Traders and maintain sustainable yields.

Role-Based Access Control (RBAC)

We’ve introduced a role-based access control system to manage permissions across different roles. The highest-level permissions are assigned to a multi-signature address: 0xE132D1Fcb5C49B73A28fecbfC4E91893B1104eca This secure multi-sig address oversees role management and assigns specific permissions to other addresses, ensuring decentralized yet controlled governance.

Whitelist for Tradable Tokens

A whitelist manages all tradable tokens on SoneFi, ensuring only approved tokens and stablecoins are approved. This prevents the trading of unverified tokens, safeguarding the integrity of the platform and user assets.

Leverage Setting and Risk control

Leverage levels are tailored to the volatility of the underlying assets:

• SPLP: For trading stable tokens with leverage up to 50x.

• HPLP: For trading highly volatile assets with leverage up to 100x.

Total Position Size Limits

To control risks during extreme market conditions, position size limits are enforced for each tradable token:

• SPLP: Long $120k, Short $50k

• HPLP: Long/Short $10k

Per address position size limit

Individual address limits are also in place to protect traders during market volatility:

• SPLP: Long $50k, Short $20k

• HPLP: Long/Short $5k

Disallow Partial Position Decrease

For SPLP, partial position decreases are disallowed. Positions can only be adjusted by fully closing them, ensuring stability and reducing risk exposure.