# Sonic Labs > DeFi Redefined Sonic Labs develops Sonic, an EVM-compatible Layer 1 blockchain with sub-second finality and developer incentives. Sonic Labs develops Sonic, an EVM-compatible Layer 1 blockchain with sub-second finality. The network offers developer incentives such as fee monetization, where developers earn a share of the fees their applications generate. The ecosystem also includes a native stablecoin and a bridge to Ethereum. - Type: Network - Sector: Blockchain Platforms - Status: Active - Founded: 2018-03-01 - Profile: https://thegrid.id/profiles/sonic_labs ## Products - [Sonic](https://thegrid.id/profiles/sonic_labs): Sonic is an EVM-compatible Layer 1 blockchain with sub-second finality, built on a custom consensus mechanism, optimized database storage, and virtual machine enhancements. Fee Monetization lets developers earn a share of the fees their applications generate. (L1, Live, Main Product) - [Sonic Gateway](https://thegrid.id/profiles/sonic_labs): Sonic Gateway is the native bridge between Ethereum and Sonic. It includes a fail-safe mechanism that lets users recover their assets if the gateway fails. (Bridge, Live) ## Assets - [S Token (S)](https://thegrid.id/profiles/sonic_labs): S is the native token of Sonic, an EVM-compatible Layer 1 blockchain. It is used for paying transaction fees, staking, running validators, and participating in governance. Holders of the previous FTM token can convert it to S at a 1:1 ratio following Sonic Labs' rebrand from Fantom Foundation, allowing users to transition from the legacy Fantom Opera network to the enhanced Sonic blockchain. (Native) - [US Sonic Dollar (USSD)](https://thegrid.id/profiles/sonic_labs): USSD is a USD-pegged stablecoin issued by Sonic Labs, built on Frax Finance's frxUSD infrastructure. It is used for payments, trading, and collateral in DeFi protocols on Sonic, and is mintable 1:1 with zero fees from multiple blockchains. It is backed by tokenized U.S. Treasury products from BlackRock, Superstate, and WisdomTree, with yield directed back into the Sonic ecosystem. (Stablecoin) ## Links - [Main](https://www.soniclabs.com) - [Whitepaper](https://www.soniclabs.com/litepaper) - [Blog](https://blog.soniclabs.com) - [Documentation](https://docs.soniclabs.com) - [Media Kit/branding](https://soniclabs.notion.site/4518775d6a7c4b7685e43628431358ab?v=6a6b5746a3204e34ad75e28ea68ac986) - [Terms of Service](https://soniclabs.notion.site/Sonic-Website-Terms-and-Conditions-87e482091a6443d3ab7476cfa751b977) - [Privacy policy](https://soniclabs.notion.site/Sonic-Privacy-Policy-9582d39482584ec2a2c04078dad04518) - [Telegram](https://t.me/SonicAnnouncements) - [Reddit](https://www.reddit.com/r/0xSonic) - [Twitter / X](https://x.com/SonicLabs) - [Telegram](https://t.me/Sonic_English) - [Discord](https://discord.gg/3Ynr2QDSnB) - [GitHub](https://github.com/0xsoniclabs) ## Legal This data is provided under two licensing models. Model 1 - open data. 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