Savvy (SVY)

Savvy (SVY) is an auto-repaying and non-liquidating DeFi lending platform that allows users to access immediate advances on their future yield. With Savvy, users can put their crypto to work without fear of liquidation, starting their strategy with confidence. By selecting strategies that generate an auto-compound yield, users can optimize their APY and maintain full control over their assets by depositing crypto in smart contracts from the safety of their wallet. Borrowers can also borrow up to 50% of their deposit and get instant access to liquidity with svTokens (svUSD, svETH, and svBTC) while their collateral continues to earn yield. The platform’s veSVY tokenomics align borrowers and liquidity providers, enabling them to earn boosted yields and participate in governance voting by staking SVY.

Savvy operates as a synthetic credit protocol, offering non-liquidating and auto-repaying lines of credit. Collateral and credit lines are denominated in the same unit of account, ensuring that the loan remains overcollateralized regardless of market volatility. Borrowers deposit their crypto into yield-bearing strategies integrated with Savvy, and the yield generated by these strategies is used to repay the loan over time. Savvy accepts various crypto assets as collateral, including stablecoins (DAI/USDT/USDC), ETH, BTC, and some LSDs.

SVY, the native token of the Savvy ecosystem, plays a vital role in the platform. It enables DAO membership and grants access to the protocol’s smart contracts. SVY also serves as a dual incentive for liquidity providers and borrowers, fueling the platform’s growth. Synthetic tokens on Savvy maintain their peg through the Savvy Swap, algorithmic market operation, and SVY incentives that encourage liquidity provision to certain pools. The protocol has been audited by Halborn, ensuring its security and reliability.