 | Savvy (SVY)Savvy is an auto-repaying and non-liquidating DeFi lending platform that gives users the ability to get an advance on their future yield immediately. Unlock future yield today. Testnet: guide IMPORTANT: By investing in this business you agree to ourDisclaimer. All information including our rating, is provided merely for informational purposes. CryptoTotem does not provide investment advice. |
Overview
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OpenWhat is Savvy
Savvy DeFi is a protocol that lets users take non-liquidating, auto-repaying collateralized debt positions. We provide an advance against future yield using a synthetic primitive.
We remove the risk of liquidation by enabling users to borrow lines of credit that stay overcollateralized regardless of price volatility. Not only are the loans interest-free, but their liabilities shrink over time as the collateral earns yield.
Deposit eligible base tokens that are correlated to USD, AVAX, or BTC. Borrow Savvy synths, or svTokens, in the same unit of account. Earn yield on deposits that automatically repay the loans. Savvy is an innovation to Open Finance as a safe and reliable form of leverage.
DetailsPublic sales: Aug 08, 2023 - Aug 11, 2023Token supply: 10,000,000 SVY Total tokens for sale: 500,000 SVY LegalBlockchain Platform: AvalancheRegistration year: 2022 | Token infoTicker: SVYType: Utility-token Token standard: ERC-20 Accepted currencies: ETH Token distribution: 21,5% - Fair Launch Reserved 10% - Team 10% - Treasury 15% - DAO & Ecosystem 37,5% - Liquidity Mining 6% - Boosted Rewards |
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