What is Savvy?Savvy is a DeFi protocol initially deployed on Arbitrum that allows users to take a loan against their cryptocurrencies like Stablecoins, Ethereum, and its derivatives, as well as wrapped Bitcoin with synthetic credit lines using svUSD, svETH, and svBTC (svTokens). Borrowers both maintain the exposure of their choice collateral and gain access to immediate liquidity. Savvy harvests and auto-compounds the generated yield and attributes it to their loan balance, creating interest-free, auto-repaying loans.Most other CDPs (Collateralized Debt Positions) allow depositors to use their collateral to borrow against their market value. To ensure the health of their loan, the Loan to Value ratio must stay aligned, or the user’s crypto may be at risk of liquidation.Savvy, on the other hand, removes the risk of liquidation. Liquidations can be avoided through the repayment model. Borrowers can repay their debt 1:1 with their original collateral or the Savvy synthetic tokens.
Frequently Asked Questions
What is the all-time high price of Savvy (SVY)?Read More
The all-time high of SVY was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Savvy (SVY) is 0. The current price of SVY is down 0% from its all-time high.
How much Savvy (SVY) is there in circulation?Read More
, there is currently 0 SVY in circulation. SVY has a maximum supply of 10.00M.
What is the market cap of Savvy (SVY)?Read More
The current market cap of SVY is 0. It is calculated by multiplying the current supply of SVY by its real-time market price of 0.523679044351.
What is the all-time low price of Savvy (SVY)?Read More
The all-time low of SVY was 0
, from which the coin is now up 0%. The all-time low price of Savvy (SVY) is 0. The current price of SVY is up 0% from its all-time low.
Is Savvy (SVY) a good investment?Read More
Savvy (SVY) has a market capitalization of $0 and is ranked #3639 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Savvy (SVY) price trends and patterns to find the best time to purchase SVY.