Saber (SBR) is a decentralized exchange on the Solana network that specializes in efficient stablecoin and wrapped asset swaps. More
| Fully Diluted Valuation | $3.57M |
|---|---|
| 24H Trading Volume | $36,709 |
| 24H Low / High | $0.00 / $ 0.00 |
| Circulating Supply | 2.25B |
| Total Supply | 3.04B |
| Max Supply | 10.00B |
| Categories | Decentralized Finance (DeFi) 5 more |
|---|---|
| Founder | Ian and Dylan Macalinao |
| Website | docs.saberdao.io |
| Socials | 1 more |
| Chains | Solana Ecosystem |
| Explorer | Solscan 2 more |
| Contracts |
Saber....cLpD1
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| Name | Pair | OG Score |
|---|
Saber is a decentralized exchange (DEX) on the Solana blockchain that specializes in trading stablecoins and pegged assets efficiently. It takes advantage of Solana's fast and low-cost transactions to make swapping between stablecoins and other assets smooth and cost-effective.
Key Features and Asset Types
Saber supports trading for:
USD Stablecoins: It handles various stablecoins like USDC and Tether, as well as decentralized and Solana-based options.
Bridged Assets: It allows the exchange of assets from other blockchains, such as renBTC and BTC, providing a way to move between different networks.
Staking Derivatives: Saber is a major platform for trading staking derivatives of Solana (SOL), including Marinade SOL and Lido SOL.
Security Measures
Saber ensures security through:
Hardware Wallets: It supports Ledger hardware wallets, which store private keys offline to prevent online theft.
Software Protection: It uses public-key encryption and various security protocols to protect transactions and user data.
Use Cases and Innovations
Saber is not just for trading; it also:
Token Conversion: Supports tokens that can be converted into legal money, bridging digital and traditional finance.
Health and Wellness: Partners with apps like Emorya Sports to reward users for healthy activities with cryptocurrency.
Key Developments
Notable updates for Saber include:
"Pickpocket" Technique: Improves transaction security.
"Sneak" Discipline Skill: Enhances platform features.
"Starstruck" and "Pull Shark" Achievements: Mark its success and growing reputation.
With a market cap of $5.29 million, Saber continues to play a key role in the DeFi space on Solana.
Conclusion
Saber (SBR) is a key platform on Solana for efficiently trading stablecoins and other assets. It focuses on liquidity, security, and innovative uses of blockchain technology, making it an important player in the decentralized finance ecosystem.
Saber (SBR) is unique for its specialization in efficient stablecoin and pegged asset trading on the Solana blockchain, leveraging low transaction costs and high throughput to provide seamless swaps with minimal slippage.
Saber was founded by a team led by Ian and Dylan Macalinao.
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