Select Page

The latest protocol that we’re excited about is Saber which is a cross-chain liquidity exchange that supports assets from Solana, Ethereum, BSC, Polygon, Celo, and more.

With over $2.5B TVL, you need to know about this mammoth of a project.

Saber is the leading cross-chain stableswap and yield farming protocol on @solana. You can swap tokens of stable value as well as deposit tokens into liquidity pools & farm LP’s to earn yield in $SBR, the protocol’s native token.

According to the team, $SBR will be a “governance token which will be used to steward the development of the Saber Protocol and collaborate with the community on key parameters including fee models.” The token’s governance features are not yet live.

According to @Kadindonohoe, the team is developing governance this quarter. Governance is a key component to the utility of a token’s protocol. If you are invested in $SBR, we suggest you pay attention to this development.

A few of Saber’s investors include @RaceCapital @multicoincap @jumpcapital @socialcapital @cmsholdings & the Solana Foundation. Interestingly enough, one angel investor is @bneiluj who is a part of the @CurveFinance core team. (sources: @TheBlock__ @coin98_Finance)

Many services Saber provides are identical to what Curve Finance does on Ethereum. Curve claims Saber is an “unauthorized fork” but be that as it may, Saber is far more than just a Curve Clone.

In addition to providing seamless swaps and yield to its users, Saber aims to be “a cross-chain liquidity exchange initialized from any blockchain.” In the multi-chain universe we are racing towards, this is an invaluable service.

Protocols on chains like Ethereum are incentivized to bridge their assets to @solana due to its near instant transaction speed, low fees, and growing user base. If they use Solana as an execution layer, they save themselves and their users a large amount on fees.

Bridging assets by creating a market pair on a central limit order book or DEX can be a cumbersome process. In comparison, Saber’s stable-swap pools allows for markets to immediately be made between the off chain native asset, and the SPL version.

Let’s say @Renprotocol wants to bridge renLuna to the Solana ecosystem. All they need to do is provide Saber with renLuna liquidity, and use @wormholecrypto to create wLuna (the SPL version of Luna). As easy as that!

With this new ability to easily create cross-chain markets, the crypto ecosystem becomes more interoperable. Users can quickly swap between native assets and wrapped assets allowing liquidity to flow more freely between blockchains.

Interoperability is key to our financial freedom. The easier we can move our tokens around, the more freedom that gives us to pick and choose the protocols that serve us best. It also allows protocols to improve their services through cross-chain integrations!

Conclusion

While Saber is great at providing yield, its bigger value proposition is facilitating cross-chain swaps by eliminating liquidity barriers between blockchains. If you’re interested in using multiple protocols across different chains, Saber’s goal is to make that easy for you!

To chat with us about this thread or anything relating to the Solana ecosystem feel free to join the Solana Insiders community:

TG: https://t.me/solanainsiders
Discord: discord.gg/AY9zZXrx6H

This thread was written in collaboration with @KingMaven_ 👑

Which Solana project would you like to see us cover next? Let us know and we’re on it! Until next time Insiders! 🦍🤝

For more deep dives into Solana DeFi projects check out:

More Solana Deep Dive Articles:

Zeus Network Deep Dive

Zeus Network Deep Dive

Zeus Network is setting the stage for an unprecedented blend of blockchain interoperability, bridging the gap between Bitcoin and Solana with its innovative communication layer. In this article, we will dissect the intricacies of the Zeus Network and the vibrant...

Marinade Deep Dive

Marinade Deep Dive

Marinade is Solana’s top liquid staking protocol. In this deep dive, we'll discuss how Marinade gives you the easiest method for staking SOL without locking up your funds and while simultaneously securing the Solana blockchain.   First of all, what is Marinade...

Kamino Deep Dive

Kamino Deep Dive

Kamino is the first concentrated liquidity automated vault protocol on Solana. In this deep dive we'll break down what Kamino is and how we're using their platform to generate high and sustainable liquidity-providing yields. Kamino is a Concentrated liquidity vault...