PANews reported on May 22 that according to the official announcement, DeFi protocol Sonic Labs has reached a strategic cooperation with crypto market maker GSR. GSR will provide liquidity support, strategic consulting and full-stack services for S tokens and Sonic ecosystem. GSR is a licensed institution in the United States and Singapore. This cooperation will focus on supporting early projects, assisting the team in formulating market strategies and allocating on-chain liquidity. GSR holds licenses from the Monetary Authority of Singapore and the UK FCA. This cooperation continues Sonic Labs' goal of building an active DeFi ecosystem.