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.***