"Tonic is building a core piece of DeFi infrastructure for the financial ecosystem on NEAR. Tonic's order book foundation allows for all sorts of financial primitives like swaps, spot trading, options, perpetuals, and likely some we haven't seen before to be built on NEAR."

https://www.prnewswire.com/news-releases/tonic-raises-5-million-to-build-a-defi-platform-on-near-301532690.html