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DeFi has been a key sub-sector of the cryptocurrency industry and has experienced significant innovation ever since it was founded. Unfortunately, DeFi’s narrative is not consistent and has had a negative impact on the overall domain. Innovations have been hampered by the current bear market, which has decimated more than half DeFi Total Value Locked (TVL). Numerous projects also copied and forked existing protocols without bringing any new ideas or innovations to the market.
One project stands out among all the chaos. It is bringing DeFiers some of the most innovative innovations they have ever seen. Saddle Finance is the DeFi protocol for trading stablecoins, pegged-value cryptocurrency assets like wETH, and wBTC. The protocol simplifies DeFi trading and offers traders quick, cheap, efficient, fast, low-slippage Swaps and Liquidity Providers high-yield swaps. To date, the protocol has enabled more than $2B worth of transactions.
A Secure, Efficient, and Profitable DeFi Trading Experience
Saddle Finance, an AMM-based, decentralized exchange (DEX), runs on multiple blockchains including Ethereum, Fantom and Arbitrum. It was designed to trade stablecoins, pegged crypto assets.
Because of the platform’s easy-to use interface, it is great for both HODLers as well as newbies. However, its strongest feature is the fact that there’s minimal slippage in swapping assets. To maintain liquidity in the market, innovative liquidity pools make use of StableSwap’s mathematical formula.
This protocol has a reputation for being highly secure. The protocol has been audited and certified by the top auditing companies in the industry, such as Quantstamp, Certik, OpenZeppelin, and Certik. The platform has been backed by a number of renowned venture capital companies, including Polychain Capital and Electric Capital as well as Dragonfly Capital, Framework Ventures, Coinbase Ventures, Nascent Ventures and BoostVC.
The project’s most intriguing aspect is its open collaboration. Saddle’s code is completely open-source, inviting Web3 developers to join the mission and build on top of the protocol. Its recent SEMPI project enabled developers to be compensated for forking and developing the protocol.
$SDL: Utility Rich Token Powering Saddle Ecosystem
Saddle Finance’s native utility token is $SDL. The token’s uses include governance, yield farming and staking. The platform recently announced the completion of $SDL’s first vesting stage. Users who contributed funds to the liquidity pools of $SDL can trade or transact $SDL tokens.
You can also place $SDL on saddle.exchange for rewards and the opportunity to receive $veSDL tokens. $veSDL is the vote escrowed (ve) token that will serve as the platform’s governance token. You can vote with $veSDL, and also manage $SDL’s supply in the associated liquidity pools. In addition, SushiSwap users have the ability to provide liquidity to both the SDL/WETH pairs.
Saddle hopes to add more initiatives that will take the protocol to the next stage in the future. This includes migrating from on-chain governance to increase liquidity to $SDL by Tokemak as well as introducing new gauges to boost staking yield. To increase protocol-owned value, Olympus Pro will issue bonds.
Similarly, launching a borrowing function against liquidity providers and adding leveraged yield farming through Rari Capital’s Fuse is also part of the plan. Saddle also plans to launch new services, such as virtual swaps that can be improved and customized pool deployments.
DeFi’s Future
Although the current bear market has hit DeFi hard, the sector’s long-term potential is enormous. In order to keep this sector alive, innovation is crucial. Saddle FinanceDeFi is therefore a major focus of the company. The stableswap and robust tokenomics are excellent examples of truly innovative solutions.
Token-level innovation is evident in the $SDL token, as well its utility functions across multiple protocols. This token is now available for trading on the platform. Join the emerging revolution by staking $SDL on saddle.exchange—contribute to DeFi’s future while earning passive income.
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