Saddle
Published in

Saddle

Update on Saddle’s Launch

We’ve moved to blog.saddle.finance!

All Saddle news and content have moved to a new home. The new blog space has a lot of exciting features. Visit and subscribe to the new Saddle Blog to get the latest. Learn more about our decision to move onto Ghost and the new features here.

Comments on today’s launch of Saddle Finance.

Today Saddle launched with a lot of anticipation and excitement from the DeFi community. The dApp went live around 11am ET. Some of the early transactions were executed with high slippage. From our initial investigation the smart contracts are functioning as expected, but individuals may not have yielded to warnings of high slippage when using the deposit form and subsequently reviewing their deposits.

In response to some of those early transactions with high slippage, we’ve updated the front end to make high slippage warnings even more explicit. Since those early transactions, the pool composition has corrected and we are witnessing swaps being made at a much closer rate, as intended.

Our team is still looking into how we can learn from these early transactions and we are currently in discussions with members of the Saddle community multisig who oversee a discretionary community treasury.

Moving forward, our hope is to strike a balance between providing adequate user protections while empowering anyone to make choices according to their risk appetite.

--

--

--

Saddle is a decentralized automated market maker optimized for pegged value crypto assets.

Recommended from Medium

REVIEW OF THE TOP 5 CRYPTO COINS — September 2019

Common Good

From Starname sales to a strong Token Economy: a lot of names have been registered already this…

Why You Should Buy SBNY Stock

CryptoQuest Announces the $METAD Token Sale.

What is Bitcoin? A complete Beginner’s Guide

Power of Cryptocurrency Exchanges

Mining Ethereum on Palit GeForce RTX 3070 GameRock Nvidia GPU

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Saddle Finance

Saddle Finance

Saddle is a decentralized automated market maker optimized for pegged value crypto assets.

More from Medium

{ YugaVerse DAO }

Some news, coming soon and stories of NFT x DeFi

Why Is the Future of the Blockchain Ecosystem Cross-Chain?

The Comprehensive Beginner’s Guide to Cryptocurrencies