Difference between revisions of "Saffron Finance (SFI)"

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Latest revision as of 08:59, 23 January 2022

 Basics

  • Started in / Announced on: 'launched November 2020'
  • Mainnet release:
  • Based in:
  • The Saffron protocol automatically deploys liquidity to third-party DeFi lending platforms.

History

Token

Launch

Token allocation

Utility

  • SFI is the protocol’s native governance token.

Token Details

Stablecoin

Technology

Implementations

  • Built on:

How it works

Mining

Staking

Liquidity Mining

Scaling

Interoperability

Other Details

Privacy Method being used

Compliance

Oracle Method being used

Their Other Projects

DEX

Governance

DAO

Treasury

Upgrades

Roadmap

  • Can be found [Insert link here].

Audits

  • Bug bounty program can be found [insert here].
  • Scored a 31% on DeFi Safety (12-2020); "​Since there is no indication of any published contract addresses, it is impossible to verify the validity of any audit that has been done on this product." With the comment: "No public tests (in a private repo) and no docs yet. They are bent on improving, so it we should see the score improve."

Bugs/Hacks

Usage

  • From their blog (8-3-2021):

"To date, the Saffron protocol has garnered over $50M in Total Value Locked (TVL) across nearly two dozen asset pools."

Projects that use or built on it

Competition

Coin Distribution

Pros and Cons

Pros

Cons

Team, Funding, Partnerships, etc.

Team

  • Full team can be found [here].
  • From their blog (8-3-2021):

"Launched by an anonymous developer, psykeeper"

Funding

Partners 

  • From their blog (8-3-2021):

"Proud to announce that an industry-leading group of strategic partners are joining the Saffron ecosystem. Led by Dragonfly Capital, this group of partners also includes participation from Multicoin Capital, Coinbase Ventures, DeFi Holdings, and prominent angels Meltem Demirors, Brandon Chez, Marc Weinstein, Leo Cheng and Tegan Kline."

  • Saffron Finance has announced a strategic partnership with BonFi (30-3-2021).