- N/T
Savanna SVN
We lack of accurate trading data.
This could be attributed to several reasons, including limited exchange liquidity or delisting. Or might be due unable to provide support for exchanges where this asset is currently tradable.
Market Cap
$3,457.98Rank #--FDV
--Rank #--Investors
X Followers
About Savanna (SVN)
What is Savanna?
Savanna is a finance platform that offers the first algorithmic stablecoin on the Cronos blockchain. The stablecoin, called SVN, is pegged to the price of 1 MMF via seigniorage. Users can stake their SVN-MMF LP in the Desert to earn/farm MSHARE rewards. These earned MSHARE tokens can then be staked in the Oasis to earn more SVN. Savanna Finance also has its own token, MSHARE, which has a current price of $5.01.
What makes Savanna unique?
Savanna Finance is unique compared to other cryptocurrencies because it is the first algorithmic stablecoin on the Cronos network. It is pegged to the price of 1 MMF through seigniorage. Additionally, Savanna Finance offers opportunities for users to stake their SVN-MMF LP in the Desert and earn/farm MSHARE rewards. These rewards can then be staked in the Oasis to earn more SVN. This combination of algorithmic stability and staking features sets Savanna Finance apart from other cryptocurrencies.
