Description
Saddle Finance is an automated market maker (AMM) on Ethereum, tailored for trading pegged value crypto assets such as stablecoins and wrapped tokens. It aims to facilitate low-slippage and efficient trading by focusing on assets with pegged values, launching initially with a tokenized bitcoin pool featuring tBTC, WBTC, sBTC, and renBTC. By adopting a minimalist approach to liquidity pools, Saddle ensures low swap fees and favorable exchange rates. It allows liquidity providers to earn yield by contributing to these pools. The platform promotes community governance, allowing token holders to influence decisions on system upgrades and parameter adjustments. Originating from Thesis, a crypto venture studio responsible for tBTC, Keep, and Fold, Saddle is dedicated to enhancing the DeFi ecosystem by improving on-chain liquidity for pegged value assets, distinguishing itself with strategies aimed at reducing impermanent loss and optimizing trade efficiency.
Saddle Finance is an automated market maker (AMM) on Ethereum, tailored for trading pegged value crypto assets such as stablecoins and wrapped tokens. It aims to facilitate low-slippage and efficient trading by focusing on assets with pegged values, launching initially with a tokenized bitcoin pool featuring tBTC, WBTC, sBTC, and renBTC. By adopting a minimalist approach to liquidity pools, Saddle ensures low swap fees and favorable exchange rates. It allows liquidity providers to earn yield by contributing to these pools. The platform promotes community governance, allowing token holders to influence decisions on system upgrades and parameter adjustments. Originating from Thesis, a crypto venture studio responsible for tBTC, Keep, and Fold, Saddle is dedicated to enhancing the DeFi ecosystem by improving on-chain liquidity for pegged value assets, distinguishing itself with strategies aimed at reducing impermanent loss and optimizing trade efficiency.
