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About Savvy
- Savvy is a DeFi protocol on Arbitrum, allowing users to take loans against cryptocurrencies like Stablecoins, Ethereum, and wrapped Bitcoin.
- Users maintain exposure to their chosen collateral and gain immediate liquidity through synthetic credit lines using svUSD, svETH, and svBTC (svTokens).
- Savvy harvests and auto-compounds generated yield, attributing it to the loan balance, creating interest-free, auto-repaying loans.
- Unlike other CDPs, Savvy removes the risk of liquidation through its repayment model, allowing borrowers to repay debt 1:1 with original collateral or Savvy synthetic tokens.
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About Savvy: Empowering Crypto Enthusiasts Worldwide
What is Savvy, the pioneering platform poised to revolutionize the world of cryptocurrency trading?
Savvy, a pioneering DeFi protocol initially launched on Arbitrum, empowers users to secure loans against their cryptocurrency holdings, including Stablecoins, Ethereum, and its derivatives, as well as wrapped Bitcoin, via synthetic credit lines denominated in svUSD, svETH, and svBTC (svTokens). This innovative approach enables borrowers to maintain exposure to their preferred collateral while gaining instant access to liquidity. Moreover, Savvy’s cutting-edge technology harvests and auto-compounds the generated yield, attributing it to the loan balance, thereby creating interest-free, auto-repaying loans.
Unlike other Collateralized Debt Positions (CDPs), which enable depositors to leverage their collateral to borrow against its market value, our approach prioritizes the health of the loan. To maintain a stable Loan to Value ratio, thereby mitigating the risk of liquidation, users must ensure alignment with this critical metric, lest their crypto assets be jeopardized.
On the other hand, Savvy mitigates the risk of liquidation altogether. By virtue of its repayment model, borrowers can circumvent liquidations altogether, opting instead to settle their debts on a 1:1 basis with their original collateral or Savvy’s synthetic tokens.