What is Saber (SBR)? SBR crypto explained (Solana altcoins to know)
Decentralized exchanges (DEXs) are taking the DeFi community by storm. Currently, there are over two hundred great projects for DeFi degens to enjoy. And now, there’s another one to add to your list. The Saber Protocol is the Solana blockchain’s first-ever automated market maker optimized for trading pegged assets. It’s comparable with Curve on the Ethereum blockchain, but being on Solana, Saber transactions are much faster and scalable.
Ethereum’s blockchain is currently capable of executing around 15 transactions per second. Even with the Ethereum Merge on the horizon, transaction speed on the Ethereum mainchain isn’t predicted to speed up a whole lot. Compare that with Solana, where speeds can reach around 65,000 transactions per second, you don’t need to be a math whiz to see the difference! Saber’s mission is to connect the world’s assets through a networked liquidity foundation, and to fix a major inefficiency in the blockchain world.
Currently, assets from one blockchain cannot natively exist on another blockchain. Therefore, Saber created a DEX with an efficient solution that allows users to trade in and out of tokens on separate blockchains. The platform uses token bridging protocols and wormholes to offer a wide range of assets from different chains, including Ethereum, Terra, Avalanche, Polygon and Celo. Saber’s main appeal is that its low fees and interoperability allow instant and efficient swaps between a host of USD-pegged stablecoins from different chains, with minimal slippage. Low slippage is especially important for exchanging large amounts of stable assets.
