Introduction

Sonne Finance, always aspiring to pioneer in the dynamic landscape of decentralized finance (DeFi), has been continuously exploring opportunities to enhance our offerings, expand our horizons, and build value-driven partnerships. A prospect that has come to our attention is the Chainlink BUILD Program, and after having various meetings with the Chainlink Labs team, we agreed to have Sonne Finance’s community decide on joining the BUILD program via governance. With Sonne Finance using Chainlink Price Feeds on Optimism and Base mainnets to secure on-chain lending and borrowing activity, the BUILD program presents a unique opportunity for a deeper collaboration with the Chainlink ecosystem.

Through this proposal, we aim to provide our community with a holistic understanding of what this program entails for Sonne Finance and the potential it holds. The goal is to foster an informed and inclusive conversation within our community about our potential participation in the BUILD program.

Chainlink BUILD Program: https://chain.link/economics/build-program Sonne Finance Chainlink Price Feeds Integration Announcement: https://medium.com/@SonneFinance/sonne-finance-integrates-chainlink-price-feeds-to-help-secure-liquidity-markets-on-optimism-369002f3962c)

What is the Chainlink BUILD Program?

The Chainlink BUILD Program is a Chainlink Labs initiative designed to provide technical services to both early-stage and established projects within the Chainlink ecosystem. Participants have found that these services helped support growth and development. The BUILD Program provides an extensive suite of benefits, including enhanced access to Chainlink services and hands-on technical support.

At its core, the BUILD program fosters a symbiotic relationship, where participants and the Chainlink ecosystem can mutually benefit from each other’s success. As part of the program, participants commit a portion of their token supply to the BUILD program. We believe this will help boost the growth of our ecosystem.

Motivation for Exploring the BUILD Program

With Sonne Finance already using Chainlink oracles on Optimism and Base Mainnets, Sonne Finance’s involvement in the Chainlink BUILD Program can help accelerate our growth, enhance our protocol, and solidify our position within the DeFi landscape. This proposal is designed to gauge our community’s sentiment towards this opportunity. While the BUILD Program offers numerous benefits, it also involves commitments from Sonne Finance that require thoughtful consideration. Our intention with this proposal is to enable the Sonne Finance community to collectively evaluate the potential advantages of becoming a Chainlink BUILD member.

A Closer Look

Integration with Chainlink Services:

One of the significant potential advantages of the BUILD Program is the enhanced access it offers to Chainlink’s extensive suite of Web3 services. This includes enhanced support for Sonne Finnace’s existing usage of Chainlink Price Feeds, such as custom feeds that meet the unique needs of the protocol, as well as supporting our exploration in optimizing protocol reliability by automatically triggering key functions via Chainlink Automation.

Chainlink also provides a range of other useful oracle services such as Functions for fetching data from any API and running custom compute, VRF for verifiable randomness, Cross-Chain Interoperability Protocol (CCIP) for secure cross-chain messaging and token bridging, and Proof of Reserve for the real-time monitoring of the off-chain/cross-chain reserves backing on-chain tokens.

Potential integration with Chainlink’s custom oracle solutions and early access to new Chainlink product alpha and beta releases could aid Sonne Finance in improving the security, efficiency, and competitiveness of our ecosystem within the DeFi realm.

Technical Support:

The BUILD Program also offers the support of expert technical teams in the Chainlink ecosystem, such as Chainlink Labs. These skilled service providers possess a deep understanding of blockchain and oracle technologies and can provide crucial technical assistance, enhancing Sonne Finance’s overall technical robustness. This can also involve co-marketing collaborations, both online and in local regions such as Turkey, as well as product roadmap alignment between Sonne Finance and Chainlink.

Furthermore, large enterprises such as AWS Startups and Tencent Cloud offer support to BUILD ecosystem participants through cloud credit vouchers and support in other cloud related solutions.

Cross-Ecosystem Incentive Alignment:

Participants of the BUILD program commit a portion of their token supply to the Chainlink BUILD program to pay oracle network fees and provide incentives to Chainlink service providers, including Chainlink stakers. The result is a deeper connection between the Sonne Finance and Chainlink communities, providing access to and aligning with an active and vocal Web3-native community, accelerating the organic growth Sonne Finance has seen thus far. This cross-ecosystem incentive alignment ultimately supports the creation and ongoing operation of sustainable oracle networks used by Sonne Finance.

For Sonne Finance, this commitment would amount to 3 million SONNE tokens, equating to 3% of the total supply. The tokens would be sourced from the Protocol Growth allocation of the total supply, which is a portion of the token supply specifically earmarked for supporting the growth and adoption of the Sonne Finance ecosystem through programs such as BUILD. The tokens would be stored in a jointly managed multi-signature safe and stay locked until SONNE tokens are made available to Chainlink service providers, including stakers, for securing the oracle services used by Sonne Finance.

While the token commitment is not an insignificant amount, it’s also an opportunity to fuel Sonne Finance’s future growth by expanding the community while helping cover the costs of the key infrastructure that’s critical to the protocol’s long-term operation. We welcome our community members to contribute their thoughts on this essential aspect.

Voting Options

We believe in collective decision-making and hence, we invite our community members to cast their votes on the proposed expansion:

Support: If you want Sonne to become a partner in Chainlink BUILD program, vote "Yes" .

Reject: If you are against the proposal, vote 'No'.

Abstain: If you prefer to stay neutral or require more information before making a decision, vote 'Abstain'.

Voting Period

Voting Process will take 1 week.

Conclusion and Community Engagement

Joining the Chainlink BUILD Program is a significant opportunity that could profoundly and positively influence Sonne Finance’s future growth. The aim of this proposal is to consider, as a community, the token commitment in the context of the BUILD program’s potential benefits in technology, technical support, and mutual economic growth.

It’s in our collective decisions that Sonne Finance will continue to grow and prosper.