SVY

Savvy price 
SVY

$0.3743  

2.92% (1d)

Savvy to USD Chart

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Savvy statistics
Market cap
 

0.00%

$1,336,773
#5923
Volume (24h)
 

64.36%

$1,791
#5469
Volume/Market cap (24h)
 
0.13%
Self-reported circulating supply
 
3,571,051 SVY
35.71%
Total supply
 
10,000,000 SVY
Max. supply
 
10,000,000 SVY
Fully diluted market cap
 
$3,743,359
SVY to USD Converter
SVY
USD
Price performance
24h 
Low
$0.3637
High
$0.384
All-time high
Aug 08, 2023 (8 months ago)
$6.42
-94.17%
All-time low
Sep 08, 2023 (7 months ago)
$0.1324
+182.79%
See historical data
Popularity
In watchlists261x
8377th / 9.7K
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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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