Fjord Foundry

<h3>What is Savvy DeFi?</h3><p>Savvy DeFi is a decentralized credit protocol on Arbitrum that grants borrowers access to an immediate advance on the future yield of their collateral in the form of Savvy synthetic tokens (svTokens).</p><p>Savvy protocol allows borrowers to maintain exposure to their choice collateral while gaining access to immediate liquidity with 0% interest, no monthly payments and no risk of liquidation.</p><h3>Why Savvy DeFi?</h3><p>Using their existing collateral, Savvy DeFi allows users to continue their investment strategies and get immediate liquidity that can be used for swaps, DeFi activities, or anything else, without the risk of liquidation.</p><h3>How does Savvy DeFi work?</h3><p>Savvy protocol operates by allowing users to deposit eligible base tokens that are correlated to USD, ETH, or BTC. In return, users can borrow svTokens in the same unit of account, such as svUSD, svETH, or svBTC. Borrowers can repay their debt 1:1 with their original collateral or the svTokens, eliminating the need for liquidations.</p><p>These svTokens can be utilized in various DeFi applications or swapped for base assets. Savvy protocol harvests and auto-compounds the generated yield and attributes it to the user's outstanding balance, effectively creating interest-free, auto-repaying credit lines.</p>

LBP Page On Fjord Foundry

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<p>LBP on Fjord Foundry. Details:</p><ul><li><p>Start Date: 8 August 2023 19:00 GMT+3</p></li><li><p>End Date: 11 August 2023 19:00 GMT+3</p></li><li><p>LBP Statistics</p></li><li><p>Start Balances</p></li></ul><ol><li><p>500,000.00 SVY</p></li><li><p>250.00 WETH</p></li></ol><ul><li><p>Main Tokens Released: 461,498.75 SVY</p></li><li><p>Base Tokens Accrued: 321.77 WETH</p></li></ul>

Savvy

Savvy DeFi is a decentralized credit protocol on Arbitrum L2.

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