Savvy (SVY) is currently priced at $0.0007876 USD. The price has decreased 0.02% in the last 24 hours. It has a market capitalization of $2,809.51. Fully diluted valuation: $7,876.311. Circulating supply is 3,567,037.798 SVY. Total supply is 10,000,000 SVY.
Stats
| 1 Day | −0.02% |
|---|
| 1 Month | — |
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| 3 Months | — |
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| 1 Year | — |
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| 1 Day | 1 Month | 3 Months | 1 Year |
|---|
| −0.02% | — | — | — |
| Market Cap | $2.8K |
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| Fully Diluted | $7.9K |
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| Market Cap | Fully Diluted |
|---|
| $2.8K | $7.9K |
About Savvy
The SVY token has several utilities for users of the Savvy Protocol. Specifically, the structure incentives participants to:
-DAO membership to govern proposals for the protocol
-Stake to earn veSVY exponentially over time
-Borrow a greater line of credit to boost rewards
-Strengthen liquidity & price stability for svTokens
Borrowers can earn more SVY by staking their tokens to boost their collateral's APY through boosted rewards. This creates a positive feedback loop where users are incentivized to hold and use SVY, which creates more demand for the token and helps establish a stable economic model.
The SVY token gives token holders significant influence on liquidity distribution through voting on gauges. This means token holders have a say in how future liquidity will be distributed to the svToken pools, an essential aspect of the protocol's overall success.