SVY

Savvy price
SVY
#9390

$0.01878  

0.00% (1d)

Savvy to USD Chart

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Savvy statistics
Market cap
$83.37K

0.00%

Volume (24h)
$0

0.00%

FDV
$187.80K
Vol/Mkt Cap (24h)
0%
TVL
$291.18K
Total supply
10M SVY
Max. supply
10M SVY
Self-reported circulating supply
4.44M SVY
44.392377683709746%
SVY to USD converter
SVY
USD
Price performance
24h 
Low
$0.01878
High
$0.01878
All-time high
Aug 08, 2023 (a year ago)
$6.42
-99.71%
All-time low
Oct 26, 2024 (6 days ago)
$0.01628
+15.39%
See historical data


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About Savvy

What is Savvy?

Savvy is a DeFi protocol initially deployed on Arbitrum that allows users to take a loan against their cryptocurrencies like Stablecoins, Ethereum, and its derivatives, as well as wrapped Bitcoin with synthetic credit lines using svUSD, svETH, and svBTC (svTokens). Borrowers both maintain the exposure of their choice collateral and gain access to immediate liquidity. Savvy harvests and auto-compounds the generated yield and attributes it to their loan balance, creating interest-free, auto-repaying loans.

Most other CDPs (Collateralized Debt Positions) allow depositors to use their collateral to borrow against their market value. To ensure the health of their loan, the Loan to Value ratio must stay aligned, or the user’s crypto may be at risk of liquidation.

Savvy, on the other hand, removes the risk of liquidation. Liquidations can be avoided through the repayment model. Borrowers can repay their debt 1:1 with their original collateral or the Savvy synthetic tokens.

 
 
 
 
 
 

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