Featuring Saddle Finance: An Evmos Stableswap!
Saddle Finance is the first StableSwap live on Evmos with efficient, low-slippage stablecoin swaps
Saddle Finance is hitching an intergalactic ride with Evmos to bring its cheap, efficient, swift and low-slippage pegged asset swaps from Ethereum to the Cosmos. As a decentralized AMM, Saddle specializes in swapping pegged assets such as stablecoins or wrapped Bitcoin, in addition to offering high-yield pools for liquidity providers. And now that Saddle’s here at Evmos, you can enjoy even lower fees and higher speeds.
Who are the people behind Saddle?
The team at Saddle Finance is committed to supporting the foundations of DeFi through their values of transparency, safety and integrity, so everything they build is collaborative and open-source. You can check out their Github yourself to see Saddle’s open-source software and smart contract security audits. And for anyone interested in collaborating and building with Saddle, here’s how to get started. Want to know anything else about what’s under the hood? Find explanations for liquidity pools, incentives, yield farming, smart contract security, and more in their docs.
Saddle’s Tokenomics: The SDL Token
Saddle’s tokenomics are designed to maximize value for SDL stakers with four main goals in mind: attracting and keeping liquidity, encouraging participation, encouraging SDL buy pressure, and decreasing sell pressure while encouraging staking. To start off with, Saddle will be utilizing a version of the vote escrow model of tokenomics, with a plan in mind for expanding the tokenomics stack with further implementations including LP token locking, LP token collateralized loans, and bonding. You can find out more about what that would look like in their tokenomics article.
Get involved with bounties4bandits
You don’t need to be technical to get involved with the Saddle community and get rewarded for spreading the DeFi love. Saddle and Encode are collaborating to host the bounties4bandits program, an extended hackathon and grants program where community members can answer both technical and non-technical bounties and be awarded with SDL tokens. If you’re a world-class meme artist, this is for you.
Get extra technical with Project SEMPI
Devs of all experience levels are invited to take part in Project SEMPI, the Saddle Ecosystem Max Proliferation Initiative. As an extension of bounties4bandits, Project SEMPI seeks to make building with Saddle both easy and profitable.
Devs can receive multi-faceted support from the Saddle team and community to fork Saddle’s code and build their own protocols, such as AMMs and bridges. And just like the OG bounties4bandits program, you can earn SDL tokens for your work.
Saddle is a decentralized automated market maker (AMM) on the Ethereum blockchain, optimized for trading pegged value crypto assets with minimal slippage. Saddle enables cheap, efficient, swift, and low-slippage swaps for traders and high-yield pools for LPs. We believe in collaboration, in building Saddle as a DeFi lego block, in helping DeFi teams bring AMMs to any blockchain.
👾 Official Discord:https://discord.com/invite/saddle
🐙 GitHub: https://github.com/saddle-finance
🕊 Twitter: https://twitter.com/saddlefinance
📯 Telegram: https://t.me/saddle_finance
🖥 SaddleWebsite: https://saddle.finance/#/
Evmos is the one of the first Ethereum Virtual Machine-based blockchains in the Cosmos ecosystem and enables developers to launch apps that run smart contracts across any number of EVM and Cosmos-based blockchains. It makes that process as simple and seamless as possible by allowing developers to continue creating apps in Solidity and Vyper like they’re accustomed to in the Ethereum ecosystem. Evmos opens a new frontier for blockchain applications, expanding the functionality of the EVM by enabling cross-chain applications that tap the liquidity and user bases of multiple blockchain ecosystems to provide more unified experiences.
Follow our journey
💻 Developer Documentation: https://evmos.dev/
👾 Official Discord: https://discord.gg/evmos
🐙 GitHub: https://github.com/tharsis/evmos
🕊 Twitter: https://twitter.com/EvmosOrg
📯 Telegram: @EvmosOrg
📄 Medium: https://evmos.blog/
🖥 Evmos Website: https://evmos.org
🌋 Tharsis Jobs Board: https://thars.is