Saber, the Leading Cross-chain Stablecoin Exchange on Solana.
DeFi’s cross-chain liquidity network
Saber serves as the liquidity backbone for stablecoins, which are cryptocurrencies whose value is tied to another asset, such as the US dollar or bitcoin. Saber serves as Solana’s primary cross-chain liquidity network, facilitating asset transfers between Solana and other blockchains. Users deposit cryptocurrency into a Saber liquidity pool in order to receive passive income through transaction fees, token-based incentives, and eventually automated DeFi methods.
Saber allows for low slippage trading even at big volumes while keeping liquidity providers’ capital efficiency high.
FOR TRADERS
Instantly trade stable pairs with little slippage and inexpensive costs.
With incredibly low slippage, securely switch between crypto assets of equivalent value.
FOR LIQUIDITY PROVIDERS
Profit through transaction fees, liquidity incentives, and other sources of income. Saber’s algorithmically developed automated market maker eliminates temporary loss.
FOR DEVELOPERS
Integrate deep on-chain liquidity for stables’ earning and selling.
Saber may be simply implemented into any Solana-based protocol or app as a key DeFi building piece.
The Saber Protocol Token ($SBR)
Saber (formerly StableSwap) debuted on Solana’s Mainnet Beta network on June 1. The Saber Protocol has achieved considerable growth in the last month as Solana’s first automated market maker (AMM) optimized for trading pegged assets:
- Liquidity totaling more than $5 million across all pools
- The first BTC stable pool in Solana was launched.
- Solana’s first trading pools for UST, LUNA, DAI, BUSD, and other currencies were launched.
Saber’s objective has been to connect the world’s assets by providing a networked liquidity base since its establishment. Stablecoins are an elegant way to trade into and out of tokens on divergent blockchains and swap value across the ecosystem because assets from one blockchain cannot exist natively on another. Solana is the appropriate blockchain to act as the settlement layer for Saber’s liquidity network due to its speed and scalability.
The future of finance has no boundaries. Saber believes that financial transactions should be permissionless, and that every asset on the planet will eventually make its way onto the decentralized web.
As a result, the team concluded it’s best to decentralize the protocol early on so that the community may contribute to its development.
The Saber Protocol Token (SBR), a governance token that has two primary use cases:
- Steward the development of the Saber Protocol & collaborate with the community on key parameters like fee models
- Align incentives between Saber stakeholders (users, liquidity providers, ecosystem partners, team)
Community Governance
Token holders should use the official Saber Community Discord for early community governance. We’re presently collaborating with several teams within the ecosystem to develop Solana’s first on-chain governance platform.
TOKENOMICS
Token Distribution
The hard cap of SBR is 10 billion tokens. Distribution of SBR is as follows:
- 3,141,592,653.00 SBR (31.42%) Mining Reserve
- 2,510,100,000.00 SBR (25.10%) Partnerships & Ecosystem
- 1,957,900,000.00 SBR (19.58%) Team & Advisors (2 year linear release)
- 1,548,100,000.00 SBR (15.48%) Strategic Fundraise (2 year linear release)
- 842,307,347.00 SBR (8.42%) Liquidity Reserve
Initial Liquidity Mining Distribution
A significant portion of the mining reserve (100,000,000.00 SBR or 1% of total token supply) will be distributed during the first two weeks of the liquidity mining program. This ensures that from the beginning, voting power will be given to actual users of the protocol and help align liquidity provision incentives.
INVESTORS
