User-friendly DeFi lending is finally here.
Bid farewell to forced liquidation, limited asset productivity, and fluctuating interest rates. Meet @SavvyDeFi – your friendly lending platform
Ready for a deep dive? Let's explore the details!
Disclaimer:
Please note that this thread is solely intended for the purpose of sharing information and should not be interpreted as financial advice. It is advisable to conduct your own personal research.
Disclosure:
This thread was created in collaboration with @SavvyDeFi
Before you continue, make sure to check out our essential visual guide on DeFi lending and borrowing. It's a must-read!
twitter.com/eli5_defi/status/1546136940474417152?s=20
TL;DR 🟣
• @SavvyDeFi improves user experience with zero interest rates, preventing forced liquidations
• svTokens guaranteeing 1:1 exchange and protection against debt liquidation
• $SVY offering governance power, rewards, and higher credit line ratio
Table of Contents
🟣 DeFi Lending Problems
🟣 What is Savvy?
🟣 No Liquidation Borrowing
🟣 Interest-Free Loans
🟣 svTokens Peg
🟣 $SVY
🟣 $SVY Liquidity Bootstrapping Information
🟣 Fundamental Problems
DeFi lending is a $15B industry, but it's plagued by user experience issues
Forced liquidation, sky-high interest rates for risky assets, low asset productivity, and overly complicated interfaces are holding back the potential of DeFi lending sectors
🟣 What is Savvy?
Savvy DeFi's is a Lending Protocol features a unique Collateral Debt Position (CDP) mechanism.
Users can earn yield and borrow against it, receiving a liquid equivalent of their deposited token (svToken). The yield repays the user's debt.
🟣 No Liquidation
Savvy's CDPs are built to avoid liquidation. Unlike traditional CDP architectures, they don't rely on cross-collateralization that triggers liquidation when collateral value decreases.
🟣 Interest-Free Loans
Savvy utilizes deposited tokens to match user preferences in a selected yield strategy.
Rewards are divided: 10% to Savvy Treasury and 90% towards the user's debt, reducing interest and improving user experience while optimizing asset utilization.
🟣svTokens stay pegged with three approaches:
- Savvy Swap: Convert svTokens to underlying tokens at a 1-to-1 redemption ratio, even if not instant.
- Savvy Sage: Algorithmic mechanism using protocol-owned liquidity to maintain balance in liquidity pools.
- $SVY Incentives
🟣$SVY
$SVY, the native token of Savvy, seamlessly integrates into the protocol's mechanism, promoting fair allocation of growth, governance, and rewards among all participants.
$SVY also utilizes a veToken model with no lockup, promoting extended stakes by token holders.
Undoubtedly, @SavvyDeFi will revolutionize DeFi lending in @arbitrum and actively drive innovation and adoption across multiple chains, effectively addressing the UX challenge that has hindered progress.
In no time, lending primitives will propel DeFi to new heights.
If you're interested in @SavvyDeFi, don't miss out! Join $SVY liquidity bootstrapping in @FjordFoundry on August 8th, 2023 at 12:00 (noon) EST.
Click the link below to learn more and participate:
savvydefi.medium.com/svy-token-launch-8-8-23-10a7b7625bb3
At present, @SavvyDeFi initiated a market-making campaign (MMC) on @traderjoe_xyz to provide liquidity for svTokens and earn $SVY with appealing yields.
Participate now, as it will conclude when LBP starts!
Find out more:
savvydefi.medium.com/join-savvys-initial-farm-offering-ifo-on-arbitrum-c591dcdcc39
twitter.com/SavvyDeFi/status/1687550882832072705?s=20
Tagging Fellow #DeFi Educators
- @rektdiomedes
- @JiraiyaReal
- @blocmatesdotcom
- @NickDrakon
- @crypto_linn
- @Dynamo_Patrick
- @DefiIgnas
- @0xCrypto_doctor
- @stakedqueen
- @crypthoem
- @ayyyeandy
- @Slappjakke
- @CryptoShiro_
- @DeFiMinty
- @Flowslikeosmo
- @poopmandefi
Tagging Fellow #DeFi Educators (2)
- @schizoxbt
- @rektfencer
- @0xCrypto_doctor
- @2lambro
- @louiscooper_
- @CryptoStreamHub
- @CryptoKoryo
- @0xsurferboy
- @DAdvisoor
- @stacy_muur
- @WinterSoldierxz
- @jake_pahor
- @Hercules_Defi
- @VirtualKenji
- @arndxt_xo
You can read the unrolled version of @SavvyDeFi thread here: typefully.com/eli5_defi/FRhiZgy