| General information | |
|---|---|
| Global rank: | 4710 |
| Name: |
Saber |
| Symbol: | SBR |
| Current coin price (IMP): | 0.000462 IMP |
| Last hour: | arrow_upward0.220 % |
| Last 24 hours: | arrow_downward-1.49 % |
| Last 7 days: | -18.52 %trending_down |
| Capitalisation (IMP): | 0.000000 IMP |
| Volume 24h (IMP): | 12 506.89 IMP |
| Available supply: | 0.000000 SBR |
| Total coin supply: | -1 SBR |
| Start date: | 2021-06-01 |
Saber/Manx pound (SBR/IMP) price chart
Saber/Manx pound (SBR/IMP) capitalisation and volume charts
Saber is a decentralised finance (DeFi) platform built on the Solana blockchain. It's best known for its highly efficient and low-cost stablecoin exchange and liquidity provision services. Saber's native token, SBR, plays a crucial role within the platform's governance, allowing token holders to vote on proposals that could influence Saber's direction and development.
Saber's primary utility is to provide an environment for crypto-to-crypto exchanges that minimise price slippage, especially for stablecoins. The platform utilises liquidity pools, where users deposit their assets to provide liquidity and, in return, earn transaction fees as rewards. Specifically, the SBR token functions as a stake in the protocol's governance, enabling users to propose, vote on, and implement changes within the system.
In June 2021, Saber Labs was jointly established by brothers Ian and Dylan Macalinao.