The Project Ecosystem of Saber — DeFi’s Cross-chain Liquidity Network

In this article we are going to tackle about The Project Ecosystem of Saber — DeFi’s Cross-chain Liquidity Network, sounds interesting right? But, before we get into that you still might not know what Saber is.

What is Saber?

Saber Labs contributes to Saber, the leading cross-chain stablecoin exchange on Solana. Saber provides the liquidity foundation for stablecoins, which is a type of cryptocurrency whose value is pegged to another asset, like the US dollar or bitcoin. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies. To learn more visit www.saber.so or follow them on Twitter @Saber_HQ.

So now, hopefully you have a basic idea of what Saber is and let’s get back to our main topic which is The Project Ecosystem of Saber — DeFi’s Cross-chain Liquidity Network.

There are an increasing number of projects being built or utilizing the Saber. Let’s take a look at the projects that are built on top of or are deeply integrated with Saber’s fundamental lego.

· Yield Farming

Sunny

Sunny is Solana’s first composable DeFi yield aggregator.

Quarry

The easiest place to discover, launch, and farm DeFi liquidity mines on Solana. An open protocol for launching liquidity mining programs.

· Infrastructure

Crate Protocol

Crate Protocol allows anyone to create, manage, and trade a tokenized basket of assets, which we refer to as a Crate. A Crate is always fully collateralized by its underlying assets. The protocol will evolve to support advanced features, including automatic rebalancing based on set parameters.

Allbridge

Allbridge is a simple, modern, and reliable way to transfer assets between different networks. It is a bridge between both EVM (Like Ethereum, Polygon, BSC) and non-EVM compatible (like Solana, Terra) blockchains, that aims to cover L2 (like Arbitrum, Optimism) solutions and NFT transfers in the future.

Allbridge’s mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future, it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.

· Staking

Arrow

Arrow allows individuals, protocols, and DAOs on Solana to launch staking derivatives which redirect yield to a different address. Arrow Protocol, Launch staking derivatives for the protocols you’re already integrating with, redirecting yield to a different address. Building a community is hard enough. Protocol integrations can be repetitive and time consuming. Arrow tokenizes your yield-generating assets into a staking derivative so you can focus on attracting liquidity, not integrating obscure IDLs.

aSOL

Introducing aSOL — the standard for transacting staked SOL tokens, now live on Solana Mainnet.

aSOL is an unbiased stake pool aggregator built to tackle one goal: to ensure all SOL on Solana is staked into stake pools.

· Lending

Port Finance

The First Non-Custodial Liquidity Protocol On Solana
Port Finance is a lending protocol that aims to provide an entire suite of fixed income products including variable rate lending, fixed rate lending and interest rate swaps. Our core contributors are a team of close-knit engineers with backgrounds from Google, Facebook, and Microsoft and who have contributed open source code for Serum and Solana.

Apricot Finance

Apricot is a next-gen lending protocol that supports leveraged yield farming on Solana. Our mission is to help users maximize yield while protecting their downsides.

With Apricot, users can:

• Deposit assets to earn interests (Apricot Lend)
• Borrow assets for trading or leveraged yield farming (Apricot Cross-Farm)
• Pre-configure when and how automated deleveraging takes place (Apricot Assist)

· DAO

Tribeca DAO

Tribeca is an open source protocol for launching decentralized autonomous organizations on Solana. It is heavily inspired by the designs of Compound and Curve governance.

The Tribeca DAO is a decentralized autonomous organization that builds and maintains the Tribeca Protocol. It is comprised of members of Solana’s leading protocols. The Tribeca DAO also maintains a frontend for DAOs to use at tribeca.so, which is free and open for any DAO to use.

· DEX

Sencha

Sencha is the easiest place to discover and trade new crypto assets on Solana. Sencha’s mission is to be the go-to place for discovering and trading new crypto assets. The interface was designed to be intuitive for veteran DeFi traders and first-time crypto users alike.

· MINTING

Cashio

cashio printer go brrr

cashio is a decentralized stablecoin made for the people, by the people.

What is Solana?

Solana is an open source project implementing a new, high-performance, permissionless blockchain. The Solana Foundation is based in Geneva, Switzerland and maintains the open source project.

Why Solana?

It is possible for a centralized database to process 710,000 transactions per second on a standard gigabit network if the transactions are, on average, no more than 176 bytes. A centralized database can also replicate itself and maintain high availability without significantly compromising that transaction rate using the distributed system technique known as Optimistic Concurrency Control [H.T.Kung, J.T.Robinson (1981)]. At Solana, we are demonstrating that these same theoretical limits apply just as well to blockchain on an adversarial network. The key ingredient? Finding a way to share time when nodes cannot rely upon one another. Once nodes can rely upon time, suddenly ~40 years of distributed systems research becomes applicable to blockchain!

Perhaps the most striking difference between algorithms obtained by our method and ones based upon timeout is that using timeout produces a traditional distributed algorithm in which the processes operate asynchronously, while our method produces a globally synchronous one in which every process does the same thing at (approximately) the same time. Our method seems to contradict the whole purpose of distributed processing, which is to permit different processes to operate independently and perform different functions. However, if a distributed system is really a single system, then the processes must be synchronized in some way. Conceptually, the easiest way to synchronize processes is to get them all to do the same thing at the same time. Therefore, our method is used to implement a kernel that performs the necessary synchronization — for example, making sure that two different processes do not try to modify a file at the same time. Processes might spend only a small fraction of their time executing the synchronizing kernel; the rest of the time, they can operate independently — e.g., accessing different files. This is an approach we have advocated even when fault-tolerance is not required. The method’s basic simplicity makes it easier to understand the precise properties of a system, which is crucial if one is to know just how fault-tolerant the system is. [L.Lamport (1984)]

Furthermore, and much to our surprise, it can be implemented using a mechanism that has existed in Bitcoin since day one. The Bitcoin feature is called nLocktime and it can be used to postdate transactions using block height instead of a timestamp. As a Bitcoin client, you would use block height instead of a timestamp if you don’t rely upon the network. Block height turns out to be an instance of what’s being called a Verifiable Delay Function in cryptography circles. It’s a cryptographically secure way to say time has passed. In Solana, we use a far more granular verifiable delay function, a SHA 256 hash chain, to checkpoint the ledger and coordinate consensus. With it, we implement Optimistic Concurrency Control and are now well en route towards that theoretical limit of 710,000 transactions per second.