Question 1

What is it?

Accepted Answer

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.

Question 2

What is used for?

Accepted Answer

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.

Question 3

Who created it?

Accepted Answer

In June 2021, Saber Labs was jointly established by brothers Ian and Dylan Macalinao.

***Although 'SBR' was the ticker assigned at the deployment of the Saber Token's smart contract, it is also in use by another asset with a larger market presence and higher trading volume on major exchanges. To avoid confusion in the marketplace, the alternative ticker 'SABER' has been adopted for this token. This designation ensures that assets are distinctly identified.***

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Open	24h High
1	SABER-USD SBRUSD	kraken	AA	0.0₄6400USD	0.00%	0SABER	0.0₄6400USD	0.0₄6400USD
2	SABER-USDT SBR_USDT	gateio	A	0.0₄4805USDT	0.00%	0SABER	0.0₄4805USDT	0.0₄4805USDT
3	SABER-EUR SBREUR	kraken	AA	0.0₄5900EUR	0.00%	0SABER	0.0₄5900EUR	0.0₄5900EUR
4	SABER-USDT SBRUSDT	latoken	D	0.0₄7001USDT	0.00%	0SABER	0.0₄7001USDT	0.0₄7001USDT