Saphyre

What Is Saphyre?

Saphyre is the native liquidity hub and automated market maker on the Sei Network. Launched in May 2024 and rebranded from DragonSwap on January 28, Saphyre supports multiple liquidity models, including constant product (XYK) pools, concentrated liquidity pools, and staking. The protocol is designed to enable efficient trading and flexible capital deployment across a wide range of pairs.

Saphyre is an onchain trading and liquidity protocol built on Sei’s high-throughput infrastructure. It delivers fast execution, minimal time to finality, and reduced slippage, making it suitable for traders seeking efficient and reliable execution while providing liquidity providers with multiple ways to deploy capital.

Does Saphyre Have a Token?

Yes. Saphyre is powered by the DRG token, which is used to reward liquidity providers, support staking with protocol revenue sharing, and incentivize long-term ecosystem growth.

Is Saphyre Open-Source?

Saphyre, formerly DragonSwap, was built with a modular architecture that supports ongoing upgrades and ecosystem integrations. Its smart contracts are open-source and have undergone audits to ensure a secure and transparent foundation. The protocol emphasizes efficiency, accessibility, and sustainability in its design.

Who Are the Founders of DragonSwap?

Saphyre was founded by a team with experience building and scaling DeFi infrastructure and onchain protocols. The founders focus on developing a resilient trading layer that aligns with Sei’s vision for scalable, high-performance applications.