Savanna SVN
1. Summary
- Price
-
$0.000031430000 -0.5%
- Market Cap
- $3,812.00 (#11440)
- Supply
- 121.29M / 121.29M
- Tags
- Cronos Ecosystem
- Description
-
SVN (Savanna) Finance is an algorithmic stablecoin platform with its main token SVN pegged to the value of MMF. This non-collateralized stablecoin is designed to improve price stability by dynamically adjusting its supply based on the price of MMF. The platform aims to build a cross-chain algorithmic stablecoin protocol with real-world use cases ac...
SVN (Savanna) Finance is an algorithmic stablecoin platform with its main token SVN pegged to the value of MMF. This non-collateralized stablecoin is designed to improve price stability by dynamically adjusting its supply based on the price of MMF. The platform aims to build a cross-chain algorithmic stablecoin protocol with real-world use cases across the DeFi ecosystem.
The Three-Token Structure
- Savanna Token (SVN): The algorithmic token pegged to MMF, which serves as the backbone of the ecosystem.
- Meerkat Share (MSHARE): Allows holders to claim SVN inflation when the network expands.
- Meerkat Bond (MBOND): Can be purchased during network contraction and redeemed for SVN during deflation.
Key Features
- Primary Liquidity: Held in SVN-MMF LP pools, creating a significant lock-up of MMF tokens into liquidity.
- DAO: Designed to accumulate MMF tokens for veMMF.
- Bailout Fund: Ensures SVN regains its peg to MMF if necessary.
Differentiators
- Pegged to MMF: Unlike other algorithmic tokens pegged to stablecoins, SVN is tied to MMF, allowing for better control over the token interaction.
- Real-World Use Cases: Focus on enhanced functionality and use cases ensures long-term value.
Ecosystem Goals
- Flagship Brand on Cronos Chain: Aims to support the MMF ecosystem, which will become one of the largest utility tokens on the Cronos chain.
- Supporting DEFI Development: Targets expanded liquidity and new use cases for the MMF ecosystem.
| Price | |
| 52W High price | $0.006195538500 |
| 52W High date | 9th Mar 2024 (1 year ago) |
| All Time High (ATH) Date | 17th Feb 2022 (3 years ago) |
| ATH Price | $3.65 |
| % From ATH | -99.99% |
| All Time Low (ATL) Date | 3rd Feb 2025 (3 months ago) |
| ATL Price | $0.000193300000 |
| % From ATL | 4.85% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $4.00 |
| Total Supply | 121.29M |
| Circulating Supply | 121.29M |
SVN
How does Savanna's (SVN) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-34.5%
SVN
-30.8%
Similar Market Cap
60 Day Return
-41.1%
SVN
-40.3%
Similar Market Cap
1 Year Return
-94.7%
SVN
-48.7%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
|---|---|
| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 11,564 |
| Twitter followers | 86,109 |
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svn.finance/oasis Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://svn.finance/ |
|---|---|
| Explorer | https://cronoscan.com/token/0x654bAc3eC77d6dB49789... |
| @MMFcrypto |
What is the correct contract address for Savanna?
| Cronos | 0x654bac3ec77d6db497892478f854cf6e8245dca9 |
|---|
Has Savanna been audited for security?
No security audits found for this project.
Are you the owner of Savanna? Edit it here
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