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DeFi is a subsector of the crypto industry and has witnessed significant innovation since its inception. However, the scenario has struggled to remain consistent and has affected the entire domain. The current bear market has wiped out more than half of the DeFi Total Value Locked (TVL), hampering innovation. Additionally, some projects are simply forking (copying) existing protocols and bringing zero ideas to market.
In the midst of all this, one project is moving forward with the best innovation DeFiers has seen in a long time. Saddle Finance is a protocol that allows efficient DeFi trading for stablecoins and peg-value crypto assetssuch as wETH and wBTC. It redefines DeFi trading by providing traders with inexpensive, efficient, fast, and low-slippage swaps and liquidity providers with high-yield pools. The protocol has facilitated over $2 billion in trading volume to date.
enabling an efficient and secure DeFi trading experience
Saddle Financeis an AMM-based decentralized exchange (DEX) running on multiple blockchains including Ethereum, Fantom, Arbitrum, Optimism, and Evmos. It is specifically designed to trade crypto assets pegged to stablecoins.
The platform is ideal for HODLers and beginners because of its easy-to-use interface. But its strongest point is that it guarantees minimal slippageduring asset swaps. This is made possible by an innovative liquidity pool that uses the StableSwap formula to maintain market liquidity.
The protocol is also known for its top-notch security: it has been audited by the best auditing firms in the field, including Certik, Quantstamp, and OpenZeppelin. In addition, the platform is backed by several well-known venture capital firms such asPolychain Capital,and other well-known venture capital firms such as , Electric Capital, Dragonfly Capital, Framework , Coinbase Ventures, Nascent ( Nascent)andBoostVC.
The most attractive aspect of this project is its open collaboration: the Saddle code is completely open source and calls for Web3 developers to join this mission and build on top of this protocol. In addition, its recentSEMPI project allows developers to be rewarded for developing and forking the protocol.
$SDL: A utility-rich token that supports the saddle ecosystem
SDL is the native utility token for saddle finance. Its use cases revolve around staking, yield farming, andgovernance. The platform recently announced the completion of the first vesting stage of $SDL. Thus, users who have funded its liquidity pool can now trade and transact in $SDL tokens.
We are also pleased to announce that $SDL is now available on theSadr. Exchangeto stake and earn rewards and receive $veSDL tokens. The $veSDL is avote escrowed (ve)token and will serve as the platform’s governance token. Stakers will be able to vote with their $veSDL and manage their $SDL supply in the associated liquidity pool. Additionally, users will be able to provide liquidity to SDL/WETH pairs with SushiSwap
In the future, Sadr also plans to create further initiatives to take the protocol to the next level. These include moving to on-chain governance, adding liquidity to $SDL through Tokemak, and introducing a new gauge to unlock additional staking yield boosts. In addition, the protocol will issue bonds through Olympus Pro to create more protocol ownership value.
Similarly, launching borrowing capabilities against liquidity providers and adding leverage yield farming through Rari Capital’s Fuse are also part of the plan. Finally, Sadr intends to improve virtual swaps and launch a new service that will allow users to deploy their own customizable pools.
Building DeFi’s Future
The current bear market has hit DeFi hard, but the long-term potential of the sector is very high. Innovation is essential to the viability of this sector. Saddle Financeis thus focused on creating innovative solutions for DeFi. Its stabled swap model, along with its robust tokenomics, is an excellent example of a truly innovative solution.
Its utility across SDL tokens and various protocols clearly shows innovation at the token level. Now available for trading on the platform Join the new revolution by betting $SDL on saddle.exchange- earn passive income while contributing to DeFi’s future.
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