What is Saffron.Finance (SFI)?
SFI is the native token of a decentralized protocol called Saffron.Finance. The protocol is used for on-chain asset tokenization and optimization of liquidity provider yields. Yield farmers on Saffron.Finance have dynamic exposure to the market in addition to having the option to select a portfolio according to their risk appetite through tranches.
Check out the live SFI price on the Saffron.Finance price chart featured above.
Once users deposit their assets into the platform, the assets are deployed to Saffron.Finance's lending platforms via a liquidity pool. These assets yield combined interest. Adaptors automatically distribute Saffron's liquidity pools to lending protocols with the highest yield. The liquidity pools can be supplied at any time by liquidity providers. However, the assets, as well as generated interest, can only be withdrawn at the end of every epoch (every two weeks).
In contrast to other yield aggregators, as mentioned before, Saffron Finance uses tranches. As of writing this, it is possible to access three tranches – S tranche, Yield Enhanced A tranche, and Risk Mitigated AA tranche. While the A tranche's returns may be significantly better than those of the AA tranche, participants in the A tranche are required to stake Saffron.Finance tokens in order to protect themselves from disruptions of the underlying lending platforms. However, liquidity provision in tranche A results in higher interest rates due to higher exposure to risks.
Use Cases of SFI Tokens
Saffron.Finance coins are primarily used to gain access to tranches on the protocol. As mentioned before, in order to do that, SFI tokens have to be staked. Besides that, SFI stakers also get governance rights, which means that they can vote on various decisions considering the future development of the Saffron.Finance crypto project.
Who Founded Saffron.Finance?
Saffron.Finance was first announced by an anonymous developer (or developers) in a Medium article. In November 2020, it was formally launched on the Ethereum mainnet.
The founder of Saffron goes under the pseudonym Psykeeper. He chose to remain anonymous. However, it's known that he has extensive experience in the cryptocurrency industry. His interest in alternative uses for blockchain technology began with contributing open-source code to altcoin and Bitcoin communities.
Tokenomics of Saffron.Finance
The max supply of SFI tokens is 100,000. Initially, 40,000 Saffron tokens were minted as a part of Saffron.Finance token offering on November 15, 2020. More than half of the SFI token supply (60%) is dedicated to liquidity providers. The remaining portion was distributed to the core team and set aside in the Saffron.Finance treasury.
If you plan to purchase Saffron.Finance coins, keep in mind that the SFI price may change due to various factors. Thus, make sure to check the aforementioned price chart to see the current, and the previous, Saffron.Finance price.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
17.49K
Followers: 17,496
0.08%
Following
214
0.00%
Posts count
844
0.00%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
-
Subreddit type
-
Moderators
-
Currently, official saffron.finance (SFI) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
2.48K
Members: 2,486
0.16%
Title
saffron.finance
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
41 / 100
2.27%
Ahrefs Rank
1,390,093
13.16%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
10
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
39
0.00%
Watchers
3
0.00%
Forks
19
0.00%
Language
JavaScript
saffron.finance hot topics
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