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Savvy priceSVY#7900
4.17% (1d)
Savvy to USD Chart
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Savvy statistics
- Market cap
- $69.21K
0.00%
- Volume (24h)
- $58.49
0.00%
- FDV
- $152.85K
- Vol/Mkt Cap (24h)
- 0.08451%
- TVL
- $272.53K
- Total supply
- 10M SVY
- Self-reported circulating supply
- 4.53M SVY
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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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Savvy Price Live Data
The live Savvy price today is $0.015285 USD with a 24-hour trading volume of $58.49 USD. We update our SVY to USD price in real-time. Savvy is down 4.17% in the last 24 hours. The current CoinMarketCap ranking is #7900, with a live market cap of not available. The circulating supply is not available and a max. supply of 10,000,000 SVY coins.