Saber DEX cryptocurrency exchange is a decentralized exchange built on the Solana chain. In order to make autonomous trading possible, the automated market maker (AMM) paradigm is used by Saber, just as it is by many other DEX protocols.
However, in contrast to the majority of cryptocurrency DEXs, Saber is primarily focused on USD-based stablecoins, bridged assets, and staking derivatives.
In addition, the transaction costs associated with using Saber DEX crypto exchange are far cheaper than those associated with using alternatives that are based on Ethereum. The Saber cryptographic protocol also benefits from the high throughput that Solana provides, which in turn results in quick processing times.
Since Saber is a DEX, users don't have to go through the KYC process. The platform is only accessible through the web.
Markets
The main trading option is the Saber DEX spot market, with USDT/USDC, MSOL/SOL, and UXD/USDC Saber DEX trading pairs being among the most popular ones. However, having the most Saber DEX trade volume, USDT/USDC is the main trading pair on the exchange, as of January 2023. Also, note that Saber DEX is a crypto-only exchange.
The exchange imposes less than 1% Saber DEX exchange fees on any and all completed orders. The Saber DEX crypto exchange fees associated with withdrawals are dynamically determined according to the underlying coin technology.
The SBR token is the native token of Saber DEX. It serves two main objectives – rewarding liquidity providers and granting governance rights. Check out the live Saber DEX crypto price here.
Other Services
Apart from trading, Saber DEX also offers liquidity pools. Users can provide liquidity to these pools in order to receive rewards.
In addition to that, Saber DEX crypto exchange offers two farming options – staking SBR token on Sunny Protocol and yield farming on Quarry Protocol. The Quarry Protocol allows to launch liquidity mining and staking campaigns on Solana.
About the Company
Saber DEX cryptocurrency exchange is a cross-chain stablecoin exchange that operates on the Solana network. It was introduced in June 2021 and registered in the Philippines.
Saber, which serves as the foundation of Solana's cross-chain liquidity network, makes it possible for assets to be transferred between Solana and other blockchains. In fact, Saber is the first fully automated market maker on Solana that is designed specifically for trading pegged assets. Users of Solana and apps built on top of Solana are given the ability, thanks to Saber's protocol, to trade between stable pairs of assets and earn returns by supplying liquidity to the platform.
The exchange was launched by Saber Labs. It's a small blockchain development team led by Dylan and Ian Macalinao. Since its inception in June, Saber has boldly expanded, which positively reflected in the Saber DEX trade volume.
Venture capital (VC) funding totaling $7.7 million has been secured by Saber Labs. The full sum was raised from a total of 10 investors in a single round in late July 2021. Race Capital, a company that specializes in investing in early-stage entrepreneurs, is Saber's principal venture capitalist.
