# Savvy (SVY)

> 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.

## Price Data

- **Current Price**: $0.0007860
- **Market Cap**: $2.80K
- **Fully Diluted Valuation**: $7.86K
- **Circulating Supply**: 3.57M SVY
- **Total Supply**: 10.00M SVY

## Price Changes

- **24h**: +0.02%
- **30d**: N/A
- **90d**: N/A
- **365d**: N/A

## Chain Availability

Available on: arbitrum

## Resources

- [Website](https://savvydefi.io/)
- [Discord](https://discord.gg/savvydefi)
- [Coingecko](https://www.coingecko.com/en/coins/savvy-defi)

## Links

- [View on Zerion](https://app.zerion.io/tokens/SVY-3a0d2327-8bb3-4aef-b0b7-1aad655ba39a)
- [Trade on Zerion](https://app.zerion.io/tokens/SVY-3a0d2327-8bb3-4aef-b0b7-1aad655ba39a)

## Data Source

This data is provided by the **Zerion API**. Developers can access real-time token prices, market data, charts, wallet positions, and DeFi data programmatically.

- API Documentation: https://developers.zerion.io
- Get this token's data via API: https://developers.zerion.io/api-reference/fungibles/get-fungible-asset-by-id
- Price Charts API: https://developers.zerion.io/api-reference/fungibles/get-a-chart-for-a-fungible-asset