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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

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Overview

Project industryCrowdfunding & Lending
Product typeProtocol
FoundedUnited States
WhitepaperSavvy White Paper Open

What 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.

Details

Public sales: Aug 08, 2023 - Aug 11, 2023
Token supply: 10,000,000 SVY
Total tokens for sale: 500,000 SVY

Legal

Blockchain Platform: Avalanche
Registration year: 2022

Token info

Ticker: SVY
Type: 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

Project team

Roman Giler
Roman Giler
Project Lead
Roman Giler linkedin
Akshay Gupta
Akshay Gupta
Technology Lead
Akshay Gupta linkedin
Ramsey Khadder
Ramsey Khadder
Product Lead
Ramsey Khadder linkedin
IDM
IDM
DeFi Economist
IDM twitter
Alex Lumley
Alex Lumley
Product Developer
Alex Lumley linkedin
Anamul Arshad
Anamul Arshad
UI Engineer
Anamul Arshad linkedin
5th Web Development
5th Web Development
Smart Contract & Full Stack Developers

Social media

Savvy web-siteSavvy MediumSavvyYouTubeSavvy TelegramSavvy LinkedInSavvy TwitterSavvy DiscordSavvy Github

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