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Savanna

Savanna Finance is a cross-chain algorithmic stablecoin protocol that is stabilized with real-world use cases across the DeFi ecosystem.

What is Savanna?

Savanna Finance is an algorithmic stablecoin protocol on the Cronos blockchain, designed to maintain a peg to the MMF token. Its mission is to expand the MM Finance ecosystem by providing a dynamic protocol that serves as a sincere alternative to existing offerings, aiming to create a cross-chain algorithmic stablecoin for seamless fund transfers across different blockchains.

How Does Savanna Work?

Savanna operates through a series of tokens: SVN (Savanna Token), MSHARE (Meerkat Shares), and MBOND (Meerkat Bonds). SVN is the algorithmic stablecoin pegged to MMF. When SVN's price is below the peg, users can purchase MBONDs, which burns SVN to reduce supply. When above the peg, the protocol mints new SVN, distributing it to MSHARE stakers, thereby adjusting the supply to maintain the peg.

What Makes Savanna Unique?

Savanna's uniqueness lies in its algorithmic approach to maintaining a stablecoin peg without direct collateralization. It offers a dynamic mechanism involving SVN, MSHARE, and MBOND to stabilize the token's value. Additionally, being part of the MM Finance ecosystem, it leverages existing infrastructure and community support, enhancing its utility and adoption.

Who Are the Founders of Savanna?

Savanna Finance is developed by the team behind MM Finance. Their goal is to expand the MM DEX ecosystem by creating a dynamic protocol that serves as a sincere alternative to current offerings, aiming to establish a cross-chain algorithmic stablecoin for seamless fund transfers across different blockchains.

Latest News

What Key Events Have There Been for Savanna?

Savanna Finance has achieved several milestones, including the successful launch of its algorithmic stablecoin protocol on the Cronos blockchain, integration with the MM Finance ecosystem, and the introduction of its unique token mechanisms involving SVN, MSHARE, and MBOND to maintain the stablecoin peg.

Project Announcements

Recent updates from Savanna Finance include enhancements to the protocol's stability mechanisms, partnerships within the Cronos ecosystem, and ongoing efforts to expand the utility and adoption of the SVN token.

Upcoming Events

Latest Airdrop

As of now, there are no announced upcoming airdrops for Savanna Finance. Users are encouraged to follow official channels for future updates.

Projects Announcements

Where to Buy Savanna?

Savanna (SVN) can be traded on MM Finance (Cronos), with the SVN/MMF pair being the most active. Users can access MM Finance to trade SVN tokens.

Savanna Price

Daily Trading Volume

As of the latest data, the daily trading volume for SVN is approximately $323.62, indicating active trading within the community.

All-Time High

The all-time high for SVN was $3.65 on February 17, 2022. Compared to the current price of $0.00002772, this represents a significant decrease.

All-Time Low

The all-time low for SVN was $0.0004095 on August 5, 2024. The current price is slightly above this low, indicating some recovery.

Market Cap and Valuation

Market Cap

The current market capitalization of SVN is approximately $3,360, ranking it at #5736 among cryptocurrencies.

Fully Diluted Valuation

The fully diluted valuation of SVN stands at $6,152.65, considering the maximum potential supply of tokens.

Savanna Price Prediction

While specific price predictions for SVN are not available, factors influencing its price include market sentiment, adoption within the MM Finance ecosystem, and the effectiveness of its algorithmic stability mechanisms. Investors should conduct thorough research and consider these factors when evaluating SVN.

FAQ

What is the Purpose of Savanna?

How Can I Participate in Savanna's Ecosystem?

What Sets Savanna Apart from Competitors?

Is Savanna Secure?

What are the Risks Associated with Savanna?

Community Sentiment

28.03K Votes

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Disclaimer and Risk Warning: Some content on this page may be assisted or generated by AI and is for general reference only. For the most accurate and updated information, please refer to the official website of the project. Bitget Wallet values every partnership. If you notice any issues or inaccuracies, feel free to reach out to us at [email protected] — we appreciate your feedback and will make improvements where needed.