Savvy
1. Summary
- Description
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About Savvy Protocol
About Savvy Protocol
Savvy Protocol is a decentralized finance (DeFi) platform that leverages synthetic credit lines denominated in svTokens (svUSD, svETH, and svBTC). Users can take out non-liquidating, auto-repaying loans against their cryptocurrencies, including stablecoins, Ethereum, and its derivatives, as well as wrapped Bitcoin, without facing liquidation risks. The protocol achieves this through a unique repayment model where the yield generated by integrated yield-bearing strategies is attributed to the loan balance, effectively repaying the loan over time.
SVY Token and Tokenomics
The SVY token plays a crucial role in the Savvy Protocol ecosystem. It offers various utilities to users:
- DAO Membership and Governance: SVY holders can participate in the governance of the protocol by voting on proposals that shape its future.
- Staking and Boosted Rewards: Users can stake SVY to earn veSVY, which provides exponentially increased rewards over time. This incentivizes users to hold and utilize SVY, creating a positive feedback loop that supports the protocol's overall health and growth.
- Increased Liquidity and Price Stability: Through veSVY, users can borrow more with improved liquidity and price stability, further enhancing the protocol’s economic model.
- Incentivized Liquidity Provision: SVY incentives encourage users to provide liquidity to certain pools, which helps maintain the stability of svTokens and the overall ecosystem.
Key Features
- Synthetic Tokens (svTokens):(svUSD, svETH, svBTC) are maintained through three primary mechanisms: Savvy Swap, Algorithmic Market Operation, and SVY incentives, ensuring a stable 1:1 redemption rate with base tokens.
- Credit Lines and Collateral: Users can deposit various cryptocurrencies as collateral, including ETH, BTC, and stablecoins, and borrow against them without liquidation risks.
Security and Transparency
- Audited Contracts: Savvy Protocol's smart contracts are audited by Halborn to ensure the security and integrity of user assets.
| Price | |
| 52W High price | $0.92 |
| 52W High date | 15th Aug 2023 (1 year ago) |
| All Time High (ATH) Date | 4th Feb 2025 (3 months ago) |
| All Time Low (ATL) Date | 4th Feb 2025 (3 months ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $4.00 |
How does Savvy's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
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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 | |
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| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 1,516 |
| Twitter followers | 9,131 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://savvydefi.io/ |
|---|---|
| Explorer | https://arbiscan.io/token/0x43aB8f7d2A8Dd4102cCEA6... |
| @SavvyDeFi |
What is the correct contract address for Savvy?
| Arbitrum-one | 0x43ab8f7d2a8dd4102ccea6b438f6d747b1b9f034 |
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Has Savvy been audited for security?
No security audits found for this project.
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