🔎 What is Savvy DeFi?
Savvy, a new DeFi credit platform, is preparing for its mainnet launch and is inviting users to participate in a testing program to ensure its platform is running smoothly. To incentivize testing and feedback, Savvy is launching an airdrop of its native token, $SVY.
The platform allows users to access their future yield immediately through non-liquidating loans on top of many yield strategies already on Arbitrum. By participating in the ecosystem, users can help shape the future of DeFi while earning rewards for their contributions.
Savvy’s native token, $SVY, will be used to facilitate transactions on the platform and provide governance rights for the community. As decentralized finance continues to grow and evolve, platforms like Savvy are working to provide new ways for users to access their assets and yield.
📌 How to take part:-
Savvy has outlined a point system to reward testers for their contributions, with 1 point for minor bugs, 5 points for serious bugs, and 10 points for critical bugs.
Points breakdown:
✅1 point for minor bugs — UI/UX, copy issues…
✅5 points for serious bugs — breaking the app, unexpected tx failure…
✅10 points for critical bugs — logic issues, double spending, pool draining, attack vectors…
To report any bugs or issues encountered during testing, users should submit a screenshot and description of the bug on the ‘🚀 │ arbitrum-testnet’ channel in Discord. The Savvy team will review and evaluate each report based on the point system outlined above.
Shortly after the testing begins, a leaderboard will be provided to keep you updated on the leading participants.
To earn $SVY tokens, users can deposit funds into the platform, borrow, stake their $SVY tokens, and claim their veSVY tokens. Savvy encourages users to explore the platform and discover new ways to interact with their assets and yield.
If you don’t have access to the Arbitrum Goerlie Faucet, you can still transfer your Gorlie Testnet token to the Arbitrum network by using the Arbitrum Bridge.
STEP 1:- Deposit your $SVY tokens to any of the available liquidity pools on the platform for deposit.
STEP 2:- Borrow funds.
STEP 3:- Provide liquidity to the pools available on the platform.
STEP 4:- Stake your $SVY tokens.
STEP 5:- Claim your $veSVY tokens.
As DeFi continues to gain traction, platforms like Savvy offer exciting opportunities for users to access their assets and yield. By participating in its ecosystem, users can help shape the future of DeFi and earn rewards along the way.
Savvy DeFi’s social links — Website | Twitter | Discord | Blog
You can also refer to video tutorials for reference: Video Link
Now wait for more updates from Savvy DeFi. Be sure to join us on Telegram to remain updated with Savvy potential airdrop.
Disclaimer: This blog is for informational purposes only. Participation doesn’t guarantee you airdrop. There is no partnership between Chingari/Gari Network and Savvy DeFi.
💬 Join 170M+ combined creator economy👇
You’ll find all the official links within this link — https://linktr.ee/garinetwork
