A thesis-driven cryptofund offering LPs venture capital economics with all the advantages of public market liquidity

Project Galaxy (GAL) is a cryptocurrency launched in 2022and operates on the Ethereum platform. Project Galaxy has a current supply of 200,000,000 with 35,161,333 in circulation. The last known price of Project Galaxy is 16.06044857 USD and is up 8.52 over the last 24 hours. It is currently trading on 26 active market(s) with $1,095,835,875.13 traded over the last 24 hours. More information can be found at https://galaxy.eco/.

Project Galaxy

description

<p><a href="https://news.coincu.com/65355-what-is-project-galaxy-gal/">Project Galaxy</a> is built on open and collaborative infrastructure with the mission to help <strong>Web 3</strong>&nbsp;developers use digital credential data and NFTs to build better products and communities.</p>
<p>Read Full Article: <a href="https://coincu.com/currencies/gal-project-galaxy/stories/">CLICK HERE</a></p>

Verdict

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     <h2 id="what-is-project-galaxy-gal">
      What Is Project Galaxy (GAL)?
     </h2>
     <p>
      Project Galaxy is one of the leading Web3 credential data networks. Built on open and collaborative infrastructure, Project Galaxy helps Web3 developers and projects leverage digital credential data and NFTs to build better products and communities.
     </p>
     <p>
      <strong>
       What are digital credentials
      </strong>
      Credentials live in our day-to-day life. An example of an on-chain credential would be the record that you borrowed money from DeFi lending protocols but were never liquidated. Your contribution to a protocol’s liquidity pool when it first launched, or your on-chain voting history are all credentials. All of your behavioral data in Web2 counts towards your credentials, companies like Google and Facebook run algorithms on your credentials so that they can send you targeted advertisements. Credentials are important due to the high use case they provide. Application developers can use your credentials to calculate credit scores, find target audiences, reward community contributors, etc. With the advance of Web3 and DAOs, there will be an explosion of behavioral data generated by waves of new users. Project Galaxy will provide the necessary infrastructure to help these new users build digital credentials that will be of paramount importance.
     </p>
     <p>
      <strong>
       Problems with the current credential system
      </strong>
      Credential data today are segregated across closed databases that are owned and permissioned by applications, government organizations, and financial and credit institutions. This has led to a fractured landscape that is not open to the individuals who should own that data or the applications that need it. Project Galaxy aims to solve this problem using an open and collaborative credential data network which will help Web3 developers leverage credential data and NFTs to build better products and more engaging communities.
     </p>
     <p>
      <strong>
       Project Galaxy Solution
      </strong>
      Project Galaxy provides the infrastructure for community members to curate and contribute digital credentials to the Galaxy Credential Data Network. The infrastructure supports curating credentials through multiple data sources. Curators can contribute data from 7 different chains with subgraph queries or snapshots for on-chain credentials. They can also provide data from Twitter, Discord, Github, or offline events for off-chain credentials.
     </p>
     <p>
      Project Galaxy also provides Application Modules, Credential API, and a Credential Oracle Engine to help developers leverage credential data. Use cases of the Application Modules include Galaxy OATs (On-chain Achievement Tokens), NFT loyalty programs, growth hacking campaigns, gated community, and customized governance. Developers can also utilize the Credential Oracle Engine and Credential API for enhanced customized use cases such as credit scoring and Sybil attack prevention algorithms.
     </p>
     <p>
      <strong>
       GAL is the native utility token that is used for:
      </strong>
      * Governance
* Paying for Application Module Fee
* Paying for Galaxy Oracle Engine and Galaxy Credential API
* Curating Digital Credentials
     </p>
     <p>
      Project Galaxy provides Applications Modules, Credential Oracle Engine, and Credential API for developers to leverage credential data to build better products and communities.
     </p>
     <p>
      <strong>
       Use cases of our Application Modules include:
      </strong>
      * Galaxy OATs (On-chain Achievement Tokens),
* NFT Loyalty Programs,
* Growth Hacking Campaigns,
* Gated Community,
* Customized Governance,
* and more
     </p>
     <p>
      Developers can also utilize the Credential Oracle Engine and Credential API for more customized use cases such as credit scoring and sybil attack prevention algorithms.
     </p>
     <h2 id="how-many-gal-coins-are-there-in-circulation">
      How Many GAL Coins Are There in Circulation?
     </h2>
     <p>
      GAL has a total supply of 200,000,000 tokens. The GAL tokenomic and distribution can be found in
      <a href="#" rel="noopener nofollow" target="_blank">
       Project Galaxy
      </a>
      .
     </p>
     <h3 id="who-are-the-founders-of-project-galaxy">
      Who Are the Founders of Project Galaxy?
     </h3>
     <p>
      Harry Zhang, Co-Founder &amp; Project Lead of Project Galaxy
Prior to founding Project Galaxy, Harry was the Co-Founder &amp; COO of Lino Network and Co-Founder of Dlive.tv (merged into BitTorrent ecosystem in 2019). At Lino and DLive, Harry led the team and built the product that served more than 10 million monthly active users. Prior to that, Harry was the Head of Data Product at Club Factory (No.3 ecommerce platform in India at the time), where Harry designed a data-centric supply chain and recommendation system from the ground up. Harry holds a bachelor's degree of Computer Science and Statistics from UC Berkeley. He was also the President of Associate of Chinese Entrepreneurs (ACE) at Berkeley from 2016 to 2017.
     </p>
     <p>
      Charles Wayn, Co-Founder &amp; Strategy Lead of Project Galaxy
Prior to founding Project Galaxy, Charles was the Co-Founder &amp; CEO of DLive.tv. After DLive merged into BitTorrent in 2019, Charles became the VP of Interactive Entertainment at BitTorrent, managing multiple streaming business units including DLive.tv, DLive Protocol, and the Two App. Charles holds a bachelor's degree of Economics from UC Berkeley. He was also the President of Associate of Chinese Entrepreneurs (ACE) at Berkeley from 2017 to 2018.
     </p>
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<p><em><a href="https://news.coincu.com/65355-what-is-project-galaxy-gal/">Project Galaxy</a> is a </em><strong><em>Web 3</em></strong><em>&nbsp;credential data network built on open infrastructure and has good composability.&nbsp;</em><strong><em>Project Galaxy&rsquo;s</em></strong><em>&nbsp;ecosystem partners include famous faces such as Yearn, BSC, Polygon, Coinlist, 1Inch,&hellip;</em></p>
<h1 id="concept-project-what-is-project-galaxy"><span id="Concept_project_-_What_is_Project_Galaxy" class="ez-toc-section">Concept project &ndash; What is Project Galaxy?</span></h1>
<p><a href="https://news.coincu.com/65355-what-is-project-galaxy-gal/">Project Galaxy</a> is the largest <strong>Web 3</strong>&nbsp;credential data network in the world. Built on open and collaborative infrastructure,&nbsp;<strong>Project Galaxy</strong>&nbsp;helps&nbsp;<strong>Web 3.0</strong>&nbsp;developers and projects leverage digital credential data and NFTs to build great products and communities. Also, data managers are rewarded when credentials are used in the Galaxy App Module, Oracle Credential Engine, and Credential API.</p>
<h1 id="outstanding-features"><span id="Outstanding_features" class="ez-toc-section">Outstanding features</span></h1>
<h2 id="what-is-the-project-trying-to-achieve"><span id="What_is_the_project_trying_to_achieve" class="ez-toc-section"></span><strong>What is the project trying to achieve?</strong></h2>
<p><strong>Project Galaxy</strong>&nbsp;provides the infrastructure to help developers use credential data for their products, including Application Modules, Credential API, and Credential Oracle Engine. Use cases of the Application Modules include Galaxy OATs (On-chain Achievement Tokens), NFT loyalty programs, growth hacking campaigns, gated community, and customized governance. Developers can also utilize the Credential Oracle Engine and Credential API for enhanced customized use cases such as credit scoring and Sybil attack prevention algorithms.</p>
<h2 id="what-is-unique-selling-point"><span id="What_is_unique_selling_point" class="ez-toc-section"></span><strong>What is unique selling point?</strong></h2>
<p>Open and Collaborative Credential Data Network &ndash; <a href="https://news.coincu.com/65355-what-is-project-galaxy-gal/">Project Galaxy</a>&nbsp;uses an open and collaborative credential data network that is accessible to all developers in&nbsp;<strong>Web 3</strong>. Galaxy&rsquo;s infrastructure supports curators contributing credentials through multiple data sources, including:</p>
<ul>
<li>For on-chain credentials, curators can contribute with subgraph queries or wallet snapshots</li>
<li>For off-chain credentials, curators can easily contribute credential data with Galaxy&rsquo;s integrated data sources such as Snapshot.org, Twitter, and Github</li>
</ul>
<p>Earn from Curating Credentials &ndash; Curators will earn revenue streams when the data they curate is utilized in Galaxy&rsquo;s Application Modules, Credential Oracle Engine, and Credential API. This creates a network effect because as more credential data flows into the system, more developers will onboard to utilize such data, and in turn incentivize more curators to contribute credentials.</p>
<p>Galaxy ID &ndash; Galaxy ID acts as your&nbsp;<strong>Web 3</strong>&nbsp;LinkedIn. For all the users on Galaxy:</p>
<ul>
<li>Galaxy ID can be your universal username that will represent your multichain/multi-wallet identities in&nbsp;<strong>Web 3</strong>.</li>
<li>Users can display the credentials collected in the&nbsp;<strong>Web 3</strong>&nbsp;world and showcase the history of their achievements.</li>
<li>Galaxy ID can be used as a metaverse DID (Decentralized ID), developers can integrate the Galaxy ID toolkit and offer customized features to users based on their digital credentials, or simply enrich user profiles in the product. This enables numerous possibilities and redefines the future of&nbsp;<strong>Web 3</strong>.</li>
</ul>

All about

<h2 id="team-founders"><strong>Team/ Founders</strong></h2>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-full is-style-default"><a href="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-6-6.png"><img class="wp-image-65362" title="What is Project Galaxy ($GAL)? Thrive with digital credentials in web3 7" src="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-6-6.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-6-6.png 1024w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-6-6-300x181.png 300w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-6-6-768x464.png 768w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-6-6-750x453.png 750w" alt="Project Galaxy" width="1024" height="619" loading="lazy" data-id="65362" data-pin-no-hover="true" /></a>
<figcaption></figcaption>
</figure>
</figure>
<h2 id="partners"><span id="Partners" class="ez-toc-section"></span><strong>Partners</strong></h2>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-full is-style-default"><a href="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-7-5.png"><img class="wp-image-65363" title="What is Project Galaxy ($GAL)? Thrive with digital credentials in web3 8" src="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-7-5.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-7-5.png 1024w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-7-5-300x164.png 300w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-7-5-768x420.png 768w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-7-5-750x410.png 750w" alt="Project Galaxy" width="1024" height="560" loading="lazy" data-id="65363" data-pin-no-hover="true" /></a></figure>
</figure>

Team and Backers

<h2 id="key-metrics"><strong>Key metrics&nbsp;</strong></h2>
<ul>
<li>Token Name: <a href="https://news.coincu.com/65355-what-is-project-galaxy-gal/">Project Galaxy</a></li>
<li>Ticker:&nbsp;<strong>GAL</strong></li>
<li>Blockchain: Updating&hellip;</li>
<li>Token Standard:&nbsp;<strong>BEP-20</strong></li>
<li>Contract: Updating&hellip;</li>
<li>Token type:&nbsp;<strong>Utility, Governance</strong></li>
<li>Total Supply:&nbsp;<strong>200.000.000 GAL</strong></li>
<li>Circulating Supply: Updating&hellip;</li>
</ul>
<h2 id="token-allocation"><span id="Token_allocation" class="ez-toc-section"></span><strong>Token allocation</strong></h2>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-full is-style-default"><a href="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-1-5.png"><img class="wp-image-65357" title="What is Project Galaxy ($GAL)? Thrive with digital credentials in web3 2" src="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-1-5.png" sizes="(max-width: 1316px) 100vw, 1316px" srcset="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-1-5.png 1316w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-1-5-300x169.png 300w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-1-5-1024x577.png 1024w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-1-5-768x433.png 768w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-1-5-750x423.png 750w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-1-5-1140x643.png 1140w" alt="Project Galaxy" width="1316" height="742" loading="lazy" data-id="65357" data-pin-no-hover="true" /></a>
<figcaption></figcaption>
</figure>
</figure>
<h2 id="token-release-schedule"><span id="Token_release_schedule" class="ez-toc-section"></span><strong>Token release schedule</strong></h2>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-full is-style-default"><a href="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-2-4.png"><img class="wp-image-65358" title="What is Project Galaxy ($GAL)? Thrive with digital credentials in web3 3" src="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-2-4.png" sizes="(max-width: 925px) 100vw, 925px" srcset="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-2-4.png 925w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-2-4-271x300.png 271w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-2-4-768x850.png 768w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-2-4-750x830.png 750w" alt="Project Galaxy" width="925" height="1024" loading="lazy" data-id="65358" data-pin-no-hover="true" /></a>
<figcaption></figcaption>
</figure>
</figure>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-full is-style-default"><a href="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-3-5.png"><img class="wp-image-65359" title="What is Project Galaxy ($GAL)? Thrive with digital credentials in web3 4" src="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-3-5.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-3-5.png 1024w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-3-5-300x181.png 300w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-3-5-768x463.png 768w, https://news.coincu.com/wp-content/uploads/2022/02/Thiet-ke-khong-ten-3-5-750x452.png 750w" alt="Project Galaxy" width="1024" height="617" loading="lazy" data-id="65359" data-pin-no-hover="true" /></a>
<figcaption></figcaption>
</figure>
</figure>
<h2 id="token-use-case"><span id="Token_use_case" class="ez-toc-section"></span><strong>Token use case</strong></h2>
<ul>
<li>Governance: The&nbsp;<strong>GAL</strong>&nbsp;is used for voting and governance in the&nbsp;<strong>Project Galaxy</strong>&nbsp;DAO.&nbsp;<strong>GAL</strong>&nbsp;token holders have the ability to control the number of platform fees collected by the protocol and control the funds held by the&nbsp;<strong>Galaxy Project</strong>&nbsp;Community treasury</li>
<li>Payment for the App Module Fee: Developers who wish to use Galaxy credentials data through the App Module will be subject to a Platform Fee calculated in&nbsp;<strong>GAL</strong>. Platform fees are set up so that any interaction with the Galaxy protocol will be charged in the&nbsp;<strong>GAL</strong>. Most of the fees will go to the managers and the Galaxy Community Treasury will collect the rest. Currently, all App Module fees are waived during beta testing. The project community treasury holds.</li>
<li>Billing for Galaxy Oracle Engine and Galaxy Credential API: Developers pay&nbsp;<strong>GAL</strong>&nbsp;to query credential data through the Galaxy Oracle Engine and Galaxy Credential API. Currently, all query fees are waived during beta testing.</li>
<li>Digital Credential Management: Managers can use&nbsp;<strong>GAL</strong>&nbsp;tokens to signal the value of a credential dataset. Each credential dataset will include a revenue stream that will be prorated among the credential holders. The manager can buy shares of the credential dataset from its respective association curve</li>
</ul>

Technical Data

Beta Finance (BETA) is a cryptocurrency launched in 2021and operates on the Ethereum platform. Beta Finance has a current supply of 1,000,000,000 with 360,000,000 in circulation. The last known price of Beta Finance is 0.52441493 USD and is down -12.96 over the last 24 hours. It is currently trading on 35 active market(s) with $89,611,944.76 traded over the last 24 hours. More information can be found at https://betafinance.org/.

Beta Finance

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     <p>
      To find out even more about this project, check out our deep dive of
      <a href="#">
       Beta Finance
      </a>
      .
     </p>
     <h2 id="what-is-beta-finance-beta">
      What Is Beta Finance (BETA)?
     </h2>
     <p>
      <a href="#">
       Beta Finance
      </a>
      is a permissionless money market on
      <a href="#">
       Ethereum
      </a>
      for borrowing, lending and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionlessly and automatically and where users can short these tokens. Beta Finance plans to launch on additional
      <a href="#">
       layer one
      </a>
      and
      <a href="#">
       layer two
      </a>
      solutions after its Ethereum Mainnet launch.
     </p>
     <p>
      Users have three options: lending, borrowing and shorting. Lenders will be able to lend crypto assets for any market that exists on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers are able to use collateral to initiate short positions. Unlike
      <a href="#">
       centralized exchanges
      </a>
      , Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use
      <a href="#">
       automated market makers
      </a>
      . As part of its Phase 2 launch, the platform plans to release permissionless money market creation.
     </p>
     <h2 id="who-are-the-founders-of-beta-finance">
      Who Are the Founders of Beta Finance?
     </h2>
     <p>
      Beta Finance was launched by Allen Lee, an MIT alumnus that previously worked as a software engineer at Microsoft and Facebook. It’s also backed by an illustrious group of investors, including Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, and Delphi Digital. Anjan Vinod of ParaFi Capital was impressed with Beta Finance’s focus on novel assets, its isolated collateral model, and planned cross-chain support. Gabriel Tan of Spartan Group was equally bullish, calling Beta Finance an up-and-coming permissionless money market that is well-positioned to thrive in the space.
     </p>
     <h2 id="what-makes-beta-finance-unique">
      What Makes Beta Finance Unique?
     </h2>
     <p>
      Beta Finance identified the significant volatility characteristic of crypto as harmful to the adoption of DeFi by individuals and institutions. It sees short-selling as a critical financial tool that is missing in the DeFi ecosystem, which facilitates market stability and efficiency. Users can conveniently do so with the platform’s “1-Click Short” tool. A simple click of a button suffices to select the
      <a href="#">
       DEX
      </a>
      to swap through and stake the newly swapped collateral with the principal in the short position.
     </p>
     <p>
      Beta Finance follows an isolated collateral model to support more volatile assets, meaning a collateralized position at risk of liquidation does not endanger another position. Initially, Beta Finance supports
      <a href="#">
       ETH
      </a>
      ,
      <a href="#">
       USDC
      </a>
      ,
      <a href="#">
       USDT
      </a>
      and
      <a href="#">
       DAI
      </a>
      as valid collateral, with the community able to propose and vote for additional collateral support in Phase 2. Collaterals are subject to various collateral factors: stablecoins have a collateral factor of 90%, while ETH has a collateral factor of 80%.
     </p>
     <p>
      Assets are subject to different asset tiers. Safe assets like stablecoins have a loan-to-value ratio of 75%, while more volatile assets only have a 50% ratio. The most volatile assets like meme coins only have a 20% LTV. The isolated collateral model means tighter fund security for users, meaning assets are safe even if Beta has a market with a compromised asset.
     </p>
     <h2 id="related-pages">
      Related Pages:
     </h2>
     <p>
      Check out
      <a href="#">
       dYdX (DYDX)
      </a>
      — one of the most popular decentralized exchanges.
     </p>
     <p>
      Check out
      <a href="#">
       Perpetual Protocol (PERP)
      </a>
      — a decentralized exchange for trading futures.
     </p>
     <p>
      Read our
      <a href="#">
       deep dive about decentralized liquidity pools.
      </a>
     </p>
     <p>
      Get the latest crypto news and latest trading insights with the
      <a href="#">
       CoinMarketCap blog
      </a>
      .
     </p>
     <h2 id="how-many-beta-finance-beta-coins-are-there-in-circulation">
      How Many Beta Finance (BETA) Coins Are There in Circulation?
     </h2>
     <p>
      The total supply of BETA is 1 billion tokens. BETA follows the following token allocation:
     </p>
     <p>
      Binance Launchpad Sale - 5%
     </p>
     <p>
      Seed Sale - 10%
     </p>
     <p>
      Strategic Sale - 5%
     </p>
     <p>
      Alpha Finance Launchpad - 5%
     </p>
     <p>
      Team - 20%
     </p>
     <p>
      Ecosystem - 35%
     </p>
     <p>
      Liquidity Mining 20%
     </p>
     <p>
      As of September 29, 2021, Beta Finance has used funds raised according to the allocations below:
     </p>
     <ul>
      <li>
       6.76% Marketing
      </li>
      <li>
       10.13% Team
      </li>
      <li>
       63.53% Development
      </li>
      <li>
       19.57% Operation
      </li>
     </ul>
     <p>
      Beta Finance will launch on Oct. 8, 2021 on Binance Launchpad at an initial token price of $0.06.
     </p>
     <h2 id="how-is-the-beta-finance-network-secured">
      How Is the Beta Finance Network Secured?
     </h2>
     <p>
      BETA is an
      <a href="#">
       ERC-20
      </a>
      token on Ethereum and BSC. The security framework consists of four major pillars:
     </p>
     <ol start="1">
      <li>
       Beta Finance continuously conducts internal code reviews
      </li>
      <li>
       The platform will request external reviews from leading security researchers
      </li>
      <li>
       It will incorporate real-time monitoring services
      </li>
      <li>
       Beta Finance will launch a bug bounty campaign for white hats
      </li>
     </ol>
     <p>
      Furthermore, funds are stored with cold storage multi-signature wallets and USD bank accounts. Any movement of funds requires the approval of at least 3 out of the 5 executives and advisors of Beta Finance. Beta Finance has been audited by OpenZeppelin and PeckShield.
     </p>
     <p>
      ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and exchanges to launch on. It is secured by a
      <a href="#">
       proof-of-work
      </a>
      consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.
     </p>
     <h2 id="can-beta-finance-hit-1">
      Can Beta Finance Hit $1?
     </h2>
     <p>
      Beta Finance is launching at an initial launchpad price of $0.06. Whether the project can hit $1 will depend on various factors, such as the overall market situation, the adoption of a new project by the market, and whether the team can deliver on its ambitious roadmap.
     </p>
     <h2 id="where-can-you-buy-beta-finance-beta">
      Where Can You Buy Beta Finance (BETA)?
     </h2>
     <p>
      BETA will launch on Binance Launchpad on Oct. 8, 2021.
     </p>
    </div>
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<p>To find out even more about this project, check out our deep dive of <a href="#"> Beta Finance </a> .</p>
<h2 id="what-is-beta-finance-beta">What Is Beta Finance (BETA)?</h2>
<p><a href="#"> Beta Finance </a> is a permissionless money market on <a href="#"> Ethereum </a> for borrowing, lending and shorting crypto assets. It allows users to access a scalable and accessible money market where tokens can be listed permissionlessly and automatically and where users can short these tokens. Beta Finance plans to launch on additional <a href="#"> layer one </a> and <a href="#"> layer two </a> solutions after its Ethereum Mainnet launch.</p>
<p>Users have three options: lending, borrowing and shorting. Lenders will be able to lend crypto assets for any market that exists on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers are able to use collateral to initiate short positions. Unlike <a href="#"> centralized exchanges </a> , Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use <a href="#"> automated market makers </a> . As part of its Phase 2 launch, the platform plans to release permissionless money market creation.</p>
<p>&nbsp;</p>
<h2 id="what-makes-beta-finance-unique">What Makes Beta Finance Unique?</h2>
<p>Beta Finance identified the significant volatility characteristic of crypto as harmful to the adoption of DeFi by individuals and institutions. It sees short-selling as a critical financial tool that is missing in the DeFi ecosystem, which facilitates market stability and efficiency. Users can conveniently do so with the platform&rsquo;s &ldquo;1-Click Short&rdquo; tool. A simple click of a button suffices to select the <a href="#"> DEX </a> to swap through and stake the newly swapped collateral with the principal in the short position.</p>
<p>Beta Finance follows an isolated collateral model to support more volatile assets, meaning a collateralized position at risk of liquidation does not endanger another position. Initially, Beta Finance supports <a href="#"> ETH </a> , <a href="#"> USDC </a> , <a href="#"> USDT </a> and <a href="#"> DAI </a> as valid collateral, with the community able to propose and vote for additional collateral support in Phase 2. Collaterals are subject to various collateral factors: stablecoins have a collateral factor of 90%, while ETH has a collateral factor of 80%.</p>
<p>Assets are subject to different asset tiers. Safe assets like stablecoins have a loan-to-value ratio of 75%, while more volatile assets only have a 50% ratio. The most volatile assets like meme coins only have a 20% LTV. The isolated collateral model means tighter fund security for users, meaning assets are safe even if Beta has a market with a compromised asset.</p>
<h2 id="related-pages">Related Pages:</h2>
<p>Check out <a href="#"> dYdX (DYDX) </a> &mdash; one of the most popular decentralized exchanges.</p>
<p>Check out <a href="#"> Perpetual Protocol (PERP) </a> &mdash; a decentralized exchange for trading futures.</p>
<p>Read our <a href="#"> deep dive about decentralized liquidity pools. </a></p>
<p>Get the latest crypto news and latest trading insights with the <a href="#"> CoinMarketCap blog </a> .</p>
<h2 id="how-many-beta-finance-beta-coins-are-there-in-circulation">How Many Beta Finance (BETA) Coins Are There in Circulation?</h2>
<p>The total supply of BETA is 1 billion tokens. BETA follows the following token allocation:</p>
<p>Binance Launchpad Sale - 5%</p>
<p>Seed Sale - 10%</p>
<p>Strategic Sale - 5%</p>
<p>Alpha Finance Launchpad - 5%</p>
<p>Team - 20%</p>
<p>Ecosystem - 35%</p>
<p>Liquidity Mining 20%</p>
<p>As of September 29, 2021, Beta Finance has used funds raised according to the allocations below:</p>
<ul>
<li>6.76% Marketing</li>
<li>10.13% Team</li>
<li>63.53% Development</li>
<li>19.57% Operation</li>
</ul>
<p>Beta Finance will launch on Oct. 8, 2021 on Binance Launchpad at an initial token price of $0.06.</p>
<h2 id="how-is-the-beta-finance-network-secured">How Is the Beta Finance Network Secured?</h2>
<p>BETA is an <a href="#"> ERC-20 </a> token on Ethereum and BSC. The security framework consists of four major pillars:</p>
<ol start="1">
<li>Beta Finance continuously conducts internal code reviews</li>
<li>The platform will request external reviews from leading security researchers</li>
<li>It will incorporate real-time monitoring services</li>
<li>Beta Finance will launch a bug bounty campaign for white hats</li>
</ol>
<p>Furthermore, funds are stored with cold storage multi-signature wallets and USD bank accounts. Any movement of funds requires the approval of at least 3 out of the 5 executives and advisors of Beta Finance. Beta Finance has been audited by OpenZeppelin and PeckShield.</p>
<p>ERC-20 is a token standard most new tokens follow when publishing on the Ethereum blockchain. Ethereum is one of the most popular blockchains and the go-to solution for many decentralized applications and exchanges to launch on. It is secured by a <a href="#"> proof-of-work </a> consensus mechanism that requires miners to mine new Ether. A set of decentralized nodes validates transactions and secures the Ethereum blockchain.</p>
<h2 id="can-beta-finance-hit-1">Can Beta Finance Hit $1?</h2>
<p>Beta Finance is launching at an initial launchpad price of $0.06. Whether the project can hit $1 will depend on various factors, such as the overall market situation, the adoption of a new project by the market, and whether the team can deliver on its ambitious roadmap.</p>
<h2 id="where-can-you-buy-beta-finance-beta">Where Can You Buy Beta Finance (BETA)?</h2>
<p>BETA will launch on Binance Launchpad on Oct. 8, 2021.</p>
</div>
</div>
</div>
</div>
</div>

<h2 class="MuiBox-root jss935">What is Beta Finance?</h2>
<div class="MuiBox-root jss936">
<div class="MuiBox-root jss940 jss939">
<p class="MuiTypography-root jss938 MuiTypography-body2 MuiTypography-paragraph">Beta Finance is a&nbsp;<strong>cross-chain permissionless money market protocol</strong>&nbsp;for lending, borrowing, and shorting crypto. Beta Finance has created an integrated &ldquo;1-Click&rdquo; Short Tool that enables DeFi natives to take the opposite side of a trade and counter volatility, as well as allow anyone, anywhere, anytime to create money markets for a token automatically, unlocking new asset utilization.</p>
<h1><strong>Outstanding Features</strong></h1>
<h2 id="what-is-the-project-trying-to-achieve"><span id="What_is_the_project_trying_to_achieve" class="ez-toc-section"></span><strong>What is the project trying to achieve?</strong></h2>
<p class="jsx-376140997">Beta Finance&rsquo;s mission is to&nbsp;<strong>offset volatility and facilitate greater stability</strong>&nbsp;for the long-term, mainstream adoption of DeFi by individuals and institutions through building critical DeFi tooling and infrastructure.</p>
<p class="jsx-376140997">With a focus on the user experience, Beta Finance allows DeFi users to&nbsp;<strong>initiate, manage, and close short positions with single clicks</strong>, while providing relevant metrics and information before position execution. Lenders are able to lend out any token,&nbsp;<strong>creating the market permissionlessly if it is yet to exist</strong>, and start earning yield on their holdings. Traders are able to&nbsp;<strong>pay a premium to execute short trades and hedging strategies</strong>&nbsp;with accessibility to all tokens.</p>
<h2 id="what-is-unique-selling-point"><span id="What_is_unique_selling_point" class="ez-toc-section"></span><strong>What is unique selling point?</strong></h2>
<ul class="jsx-2167690016">
<li><strong>"1 Click&rdquo; Short Tool:</strong>&nbsp;Beta Finance provides a simple, integrated tool for allowing DeFi users to short sell in an atomic transaction. Users are able to view relevant metrics (price impact, slippage, etc.) directly on the interface, and easily manage and update their positions on their dashboard.</li>
<li><strong>Permissionless money markets:</strong>&nbsp;Beta Finance allows users to create a money market for any ERC-20 token automatically, supporting the long tail of assets. Anything from fractionalized NFTs to mature tokens can be listed on Beta Finance.</li>
<li><strong>Isolated collateral model:</strong>&nbsp;To support volatile assets, Beta Finance introduces an isolated collateral model where users are only liable for the collateral explicitly associated with a position.</li>
</ul>
</div>
</div>

<p>Users have three options: lending, borrowing and shorting. Lenders will be able to lend crypto assets for any market that exists on Beta Finance and earn interest on it. Borrowers can take the contrary position, while short-sellers are able to use collateral to initiate short positions. Unlike&nbsp;CEX, Beta Finance does not use an order book to execute shorts but routes the trade through decentralized exchanges that use&nbsp;automated market makers. As part of its Phase 2 launch, the platform plans to release permissionless money market creation.</p>
<p>Read Full Article:&nbsp;<a href="https://coincu.com/currencies/beta-beta-finance/stories/">CLICK HERE&nbsp;</a></p>

<h2>Community</h2>
<p><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1652944522692.image" /></p>
<h1>Backers</h1>
<h2 id="who-are-the-founders-of-beta-finance">Who Are the Founders of Beta Finance?</h2>
<p>Beta Finance was launched by Allen Lee, an MIT alumnus that previously worked as a software engineer at Microsoft and Facebook. It&rsquo;s also backed by an illustrious group of investors, including Spartan Group, ParaFi Capital, Multicoin Capital, DeFiance Capital, and Delphi Digital. Anjan Vinod of ParaFi Capital was impressed with Beta Finance&rsquo;s focus on novel assets, its isolated collateral model, and planned cross-chain support. Gabriel Tan of Spartan Group was equally bullish, calling Beta Finance an up-and-coming permissionless money market that is well-positioned to thrive in the space.</p>

Community And Backers

<h2 id="key-metrics"><strong>Key Metrics&nbsp;</strong></h2>
<ul>
<li>Ticker:&nbsp;<strong>BETA</strong></li>
<li>Contract: <strong>0xbe1a001fe942f96eea22ba08783140b9dcc09d28</strong></li>
<li>Blockchain:&nbsp;<strong>Ethereum</strong></li>
<li>Token Standard:&nbsp;<strong>ERC-20</strong></li>
<li>Token Type: <strong>Utility</strong>, <strong>Governance token</strong></li>
<li>Total Supply: <strong>1,000,000,000</strong></li>
</ul>
<h2 id="token-allocation"><strong>Token Allocation</strong></h2>
<table class="jsx-540937487">
<tbody>
<tr class="jsx-4074158281">
<td class="jsx-1887592274">Binance Launchpad Sale</td>
<td class="jsx-1887592274">5.00% of the total token supply</td>
</tr>
<tr class="jsx-4074158281">
<td class="jsx-1887592274">Seed Sale</td>
<td class="jsx-1887592274">10.00% of the total token supply</td>
</tr>
<tr class="jsx-4074158281">
<td class="jsx-1887592274">Strategic Sale</td>
<td class="jsx-1887592274">5.00% of the total token supply</td>
</tr>
<tr class="jsx-4074158281">
<td class="jsx-1887592274">Alpha Finance Launchpad</td>
<td class="jsx-1887592274">5.00% of the total token supply</td>
</tr>
<tr class="jsx-4074158281">
<td class="jsx-1887592274">Team and Advisors</td>
<td class="jsx-1887592274">20.00% of the total token supply</td>
</tr>
<tr class="jsx-4074158281">
<td class="jsx-1887592274">Ecosystem Growth</td>
<td class="jsx-1887592274">35.00% of the total token supply</td>
</tr>
<tr class="jsx-4074158281">
<td class="jsx-1887592274">Liquidity Mining</td>
<td class="jsx-1887592274">20.00% of the total token supply</td>
</tr>
</tbody>
</table>
<h3 id="23-token-governance-and-use-of-funds" class="jsx-84609533 ">Token governance and use of funds</h3>
<p class="jsx-376140997">As at September 29th 2021, Beta Finance has used funds raised according to the allocations below:</p>
<ul class="jsx-2167690016">
<li>6.76% Marketing</li>
<li>10.13% Team</li>
<li>63.53% Development</li>
<li>19.57% Operations</li>
</ul>
<p class="jsx-376140997">The Beta Finance team holds its funds in crypto, stablecoins and fiat. Funds are stored with cold storage multi-signature wallets and USD bank accounts. Any movement of funds requires the approval of at least 3 out of the 5 executives and advisors of Beta Finance.</p>
<p class="jsx-376140997"><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1652944244722.image" /></p>
<h2 class="jsx-376140997"><strong>Token Release Schedule</strong></h2>
<p><strong><img src="https://imagesofcmsprod.s3.ap-southeast-1.amazonaws.com/image1652944241814.image" /></strong></p>

Saber (SBR) is a cryptocurrency . Saber has a current supply of 98,111,671.94 with 0 in circulation. The last known price of Saber is 0.03359109 USD and is up 9.54 over the last 24 hours. It is currently trading on 18 active market(s) with $1,080,566.65 traded over the last 24 hours. More information can be found at https://saber.so/.

Saber

<h1 id="technical-data" class="has-luminous-vivid-orange-color has-text-color">Technical Data</h1>
<h2 id="token-metrics"><span id="Token_Metrics" class="ez-toc-section"></span><strong>Token Metrics</strong></h2>
<ul>
<li>Token Name:&nbsp;<strong>Saber Protocol</strong></li>
<li>Ticker:&nbsp;<strong>SBR</strong></li>
<li>Blockchain:&nbsp;<strong>Solana Chain &nbsp;</strong></li>
<li>Token Standard:&nbsp;<strong>SPL</strong></li>
<li>Contract:&nbsp;<strong>Saber2gLauYim4Mvftnrasomsv6NvAuncvMEZwcLpD1</strong></li>
<li>Total Supply:&nbsp;<strong>10,000,000,000</strong>&nbsp;<strong>$SBR</strong></li>
<li>Circulating Supply:&nbsp;<strong>TBA</strong></li>
</ul>
<h2 id="token-allocation"><span id="Token_Allocation" class="ez-toc-section"></span><strong>Token Allocation</strong></h2>
<figure class="wp-block-image size-large is-resized"><img class="wp-image-69824" title="What is Saber Protocol($SBR) - Everything you need to know about Saber Protocol 3" src="https://news.coincu.com/wp-content/uploads/2022/03/image-4-1024x602.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/03/image-4-1024x602.png 1024w, https://news.coincu.com/wp-content/uploads/2022/03/image-4-300x176.png 300w, https://news.coincu.com/wp-content/uploads/2022/03/image-4-768x451.png 768w, https://news.coincu.com/wp-content/uploads/2022/03/image-4-750x441.png 750w, https://news.coincu.com/wp-content/uploads/2022/03/image-4.png 1067w" alt="saber token distribution " width="1024" height="602" loading="lazy" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
<h2 id="token-sale"><span id="Token_Sale" class="ez-toc-section"></span><strong>Token Sale</strong></h2>
<p>Updating&hellip;</p>
<h2 id="token-release-schedule"><span id="Token_Release_Schedule" class="ez-toc-section"></span><strong>Token Release Schedule</strong></h2>
<p id="72b5">A significant portion of the mining reserve (<strong>100,000,000.00 SBR&nbsp;</strong>or 1% of total token supply) will be distributed during the first two weeks of the liquidity mining program. This ensures that from the beginning, voting power will be given to actual users of the protocol and help align liquidity provision incentives.</p>
<p id="4361">The target launch date for the liquidity mining program is&nbsp;<strong>July 15, 2021 at 10:00 PM UTC</strong>.</p>
<h2 id="token-use-case"><span id="Token_Use_Case" class="ez-toc-section"></span><strong>Token Use Case</strong></h2>
<p id="dc8a">The Saber Protocol Token ($SBR), a governance token that has two primary use cases:</p>
<ul>
<li>Steward the development of the Saber Protocol &amp; collaborate with the community on key parameters like fee models</li>
<li>Align incentives between Saber stakeholders (users, liquidity providers, ecosystem partners, team)</li>
</ul>
<h1 id="market-and-community" class="has-luminous-vivid-orange-color has-text-color"><span id="Market_and_Community" class="ez-toc-section"></span>Market and Community</h1>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-full"><img class="wp-image-69829" title="What is Saber Protocol($SBR) - Everything you need to know about Saber Protocol 4" src="https://news.coincu.com/wp-content/uploads/2022/03/image-6.png" sizes="(max-width: 615px) 100vw, 615px" srcset="https://news.coincu.com/wp-content/uploads/2022/03/image-6.png 615w, https://news.coincu.com/wp-content/uploads/2022/03/image-6-300x300.png 300w, https://news.coincu.com/wp-content/uploads/2022/03/image-6-150x150.png 150w, https://news.coincu.com/wp-content/uploads/2022/03/image-6-120x120.png 120w, https://news.coincu.com/wp-content/uploads/2022/03/image-6-75x75.png 75w, https://news.coincu.com/wp-content/uploads/2022/03/image-6-350x350.png 350w" alt="image 6" width="615" height="617" loading="lazy" data-id="69829" data-pin-no-hover="true" /></figure>
</figure>

<h1 id="backers" class="has-luminous-vivid-orange-color has-text-color">Backers</h1>
<h2 id="team"><span id="Team" class="ez-toc-section"></span><strong>Team</strong></h2>
<p>Saber did not specify the project team. However, the information I found on Twitter, Saber has two co-founders:</p>
<ul>
<li><a href="https://twitter.com/DylanMacalinao" target="_blank" rel="noreferrer noopener">Dylan Macalinao</a>&nbsp;(@DylanMacalinao).</li>
<li><a href="https://twitter.com/simplyianm" target="_blank" rel="noreferrer noopener">Ian Macalinao&nbsp;</a>(@Simplyianm): Founder of the&nbsp;<a href="https://news.coincu.com/23774-ubeswap/" target="_blank" rel="noreferrer noopener">Ubeswap project</a>&nbsp;&ndash; DEX on&nbsp;<a href="https://news.coincu.com/67368-what-is-celo/" target="_blank" rel="noreferrer noopener">Celo</a>.</li>
</ul>
<h2 id="partners"><span id="Partners_Investors" class="ez-toc-section"></span><strong>Partners</strong>&nbsp;<strong>&amp;</strong>&nbsp;<strong>Investors</strong></h2>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-large"><img class="wp-image-69823" title="What is Saber Protocol($SBR) - Everything you need to know about Saber Protocol 5" src="https://news.coincu.com/wp-content/uploads/2022/03/image-3-1024x201.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://news.coincu.com/wp-content/uploads/2022/03/image-3-1024x201.png 1024w, https://news.coincu.com/wp-content/uploads/2022/03/image-3-300x59.png 300w, https://news.coincu.com/wp-content/uploads/2022/03/image-3-768x151.png 768w, https://news.coincu.com/wp-content/uploads/2022/03/image-3-750x148.png 750w, https://news.coincu.com/wp-content/uploads/2022/03/image-3-1140x224.png 1140w, https://news.coincu.com/wp-content/uploads/2022/03/image-3.png 1322w" alt="image 3" width="1024" height="201" loading="lazy" data-id="69823" data-pin-no-hover="true" /></figure>
</figure>

Team and Backers 

<h1 id="verdict" class="has-luminous-vivid-orange-color has-text-color">Conclusion</h1>
<p><a href="https://coincu.com/currencies/sbr-saber/" target="_blank" rel="noreferrer noopener">Saber&nbsp;</a>is an AMM DEX platform dedicated to stablecoins of the Solana ecosystem. If DEXs often use the Order-book mechanism, Saber will use the AMM mechanism, which is a mechanism where Liquidity Providers will provide their liquidity into the Pool, allowing Traders to Swap asset.</p>
<p><strong>Find more information about</strong>:&nbsp;<a href="https://coincu.com/currencies/sbr-saber/" target="_blank" rel="noreferrer noopener"><strong>Saber Protocol</strong></a></p>
<p><strong>Website:</strong><a href="https://saber.so/" target="_blank" rel="noreferrer noopener">&nbsp;https://saber.so/</a></p>
<p><strong>Docs:</strong>&nbsp;<a href="https://docs.saber.so/" target="_blank" rel="noreferrer noopener">https://docs.saber.so/</a></p>
<p><strong>Twitter:</strong><a href="https://twitter.com/Saber_HQ" target="_blank" rel="noreferrer noopener">&nbsp;https://twitter.com/Saber_HQ</a></p>
<p><strong>Discord:</strong>&nbsp;<a href="https://discord.com/invite/9buKA9E5Nm" target="_blank" rel="noreferrer noopener">https://discord.com/invite/9buKA9E5Nm</a></p>
<p>If you have any questions, comments, suggestions, or ideas about the project, please email&nbsp;<a href="mailto:ventures@coincu.com">ventures@coincu.com</a>.</p>
<p><strong>DISCLAIMER</strong>: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.</p>

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    <span>
     Cross-chain stablecoin exchange on Solana
    </span>
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<p>Saber&nbsp;is the<strong>&nbsp;leading cross-chain stable coin&nbsp;</strong>exchange on&nbsp;<strong>Solana</strong>,<strong>&nbsp;providing the liquidity foundation for stablecoins,</strong>&nbsp;or a cryptocurrency whose value is pegged to another asset. Market makers deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.</p>
<h1 id="what-is-stepn" class="has-luminous-vivid-orange-color has-text-color"><span id="What_is_Saber_Protocol" class="ez-toc-section"></span>What is Saber Protocol</h1>
<p><a href="https://coincu.com/currencies/sbr-saber/" target="_blank" rel="noreferrer noopener">Saber&nbsp;</a>is a<strong>&nbsp;decentralized exchange (DeX)&nbsp;</strong>focused on stablecoin swapping and<strong>&nbsp;staking</strong>. Built on the Solana platform, Saber currently offers swapping opportunities for about 30 cryptocurrencies.</p>
<p>Users can also&nbsp;<strong>stake funds in liquidity pools</strong>. Saber currently operates 25<strong>&nbsp;liquidity pools</strong>, each of which represents a swap pair&nbsp;<strong>(e.g. USDT-USDC)</strong>, and liquidity providers can earn yield based on each swap transaction on the platform involving the pair.</p>
<p>Saber&rsquo;s key advantage is low&nbsp;<strong>transaction fees</strong>,<strong>&nbsp;low slippage rates</strong>, and&nbsp;<strong>fast execution times</strong>. These advantages are achieved thanks to the app&rsquo;s native blockchain, Solana, which boasts a much greater throughput and lower transaction costs compared to&nbsp;<strong><a href="https://coincu.com/currencies/eth-ethereum/" target="_blank" rel="noreferrer noopener">Ethereum</a></strong>.</p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped"></figure>
<h1 id="outstanding-features" class="has-luminous-vivid-orange-color has-text-color"><span id="Outstanding_features" class="ez-toc-section"></span>Outstanding features</h1>
<h2 id="what-is-the-unique-selling-point"><span id="What_is_the_unique_selling_point" class="ez-toc-section"></span><strong>What is the unique selling point?</strong></h2>
<p>Saber&rsquo;s key functionality is enabled via the&nbsp;<strong>Automated Market Maker</strong>&nbsp;(AMM) model. AMM-based exchanges do not have to rely on executing each trade by connecting two traders willing to transact.</p>
<p>Instead, a large number of liquidity pool providers add funds to the respective pool, e.g. USDT-USDC. The liquidity providers are incentivized by a proportion of the transaction fees earned by the protocol transferred to them. When you want to swap your&nbsp;<strong>USDT</strong>&nbsp;for&nbsp;<strong>USDC</strong>, you do not have to wait around for another trader willing to transact with you. Instead, you simply execute your transaction against the pool, where lack of required coins is rarely a problem, at least at larger and properly established protocols.</p>
<h3>Stablecoin Swapping</h3>
<p><a href="https://coincu.com/currencies/sbr-saber/" target="_blank" rel="noreferrer noopener">Saber&nbsp;</a>has already distinguished itself in the market as a DEX with very affordable fees. Any coin pair swap presents less than 1% in fees.</p>
<p>Any two coins pegged to the same asset, whether&nbsp;<strong>fiat currency or some major crypto</strong>&nbsp;such as&nbsp;<strong>Bitcoin</strong>, can be swapped. However, swapping between coins pegged to different assets, i.e. the coins whose exchange rate is not necessarily stable, is not feasible.</p>
<p><strong>For example</strong>,&nbsp;<em>you can swap USDT for USDC, but not for pBTC, ibBTC or some other Bitcoin-pegged token available on Saber. That is because USDT to a Bitcoin-pegged token rate may fluctuate freely and well beyond the tiny changes between the rate of USDT to another USD-pegged coin.</em></p>
<p>In short, at least for now, Saber prefers to concentrate on the&nbsp;<strong>stablecoin&nbsp;</strong>swap niche, without going into the hotly-contested general coin exchange market.</p>
<h3>Liquidity Pool Staking</h3>
<p>In addition to coin swaps, Saber also offers LP staking. Liquidity providers can earn yield by contributing their funds to a pool of their choice on the platform. There are a total of 25 pools currently available.</p>
<p><strong>Annual percentage yields</strong>&nbsp;from staking on Saber are high, even by the DeFi standards. However, these rates may fluctuate wildly over a short period of time, which is quite usual for yields on&nbsp;<strong>crypto trading platforms</strong>. As of the time of writing, yields as high as 64% are offered. One of the largest and most actively used pools, USDT-USDC, offers a yield of 27%.</p>
<figure class="wp-block-gallery aligncenter has-nested-images columns-default is-cropped">
<figure class="wp-block-image size-full"><img class="wp-image-69854" title="What is Saber Protocol($SBR) - Everything you need to know about Saber Protocol 2" src="https://news.coincu.com/wp-content/uploads/2022/03/image-8.png" sizes="(max-width: 610px) 100vw, 610px" srcset="https://news.coincu.com/wp-content/uploads/2022/03/image-8.png 610w, https://news.coincu.com/wp-content/uploads/2022/03/image-8-294x300.png 294w, https://news.coincu.com/wp-content/uploads/2022/03/image-8-75x75.png 75w" alt="image 8" width="610" height="622" loading="lazy" data-id="69854" data-pin-no-hover="true" />
<figcaption></figcaption>
</figure>
</figure>
<p>However, these high yields may sharply change overnight, especially on newer platforms like Saber. Typically, as more participants join a liquidity pool, annual yields will decrease.</p>
<p>Since Saber has been in operation for less than four months, longer-term estimates of annual yields can only be made in the future when the platform matures.</p>
<p>The yields from staking are paid out in Saber platform&rsquo;s token SBR. SBR is a&nbsp;<strong>fungible token</strong>&nbsp;based on Solana&rsquo;s&nbsp;<strong>SPL token standard</strong>, which is the equivalent of the&nbsp;<strong>ERC20</strong>&nbsp;token standard used on Ethereum.</p>
<p>SBR, in addition to being Saber&rsquo;s native transaction token, also serves as the protocol&rsquo;s governance token. SBR gives its holders the right to vote on important changes to the dApp and future direction.</p>
<p><strong>To use Saber,</strong>&nbsp;you will need to<strong>&nbsp;connect a supported wallet.&nbsp;</strong>At the moment, the supported wallets include:</p>
<ul>
<li><a href="https://news.coincu.com/2433-the-easiest-guide-to-using-phantom-wallet-on-solana/" target="_blank" rel="noreferrer noopener">Phantom</a></li>
<li><a href="https://www.sollet.io/" target="_blank" rel="noopener">Sollet</a></li>
<li><a href="https://chrome.google.com/webstore/detail/sollet/fhmfendgdocmcbmfikdcogofphimnkno?hl=en" target="_blank" rel="noreferrer noopener">Sollet Extension</a></li>
<li><a href="https://www.ledger.com/" target="_blank" rel="noreferrer noopener">Ledger</a></li>
<li><a href="https://mathwallet.org/vi-vn/" target="_blank" rel="noreferrer noopener">MathWallet</a></li>
<li><a href="http://solongwallet.com/" target="_blank" rel="noreferrer noopener">Solong</a></li>
<li><a href="https://chrome.google.com/webstore/detail/coin98-wallet/aeachknmefphepccionboohckonoeemg?hl=en" target="_blank" rel="noreferrer noopener">Coin98</a></li>
</ul>
<h2 id="roadmap"><span id="Roadmap" class="ez-toc-section"></span><strong>Roadmap</strong></h2>
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