Saffron Finance (SFI) Saffron Finance is a protocol that al | Crypto Great | Bitcoin | DeFi
Saffron Finance (SFI)
Saffron Finance is a protocol that allows users (i.e. liquidity providers) to customize risk and return profiles with the use of SFI pool tranches.
The transition to Saffron Finance V2 has officially begun. Last month, Saffron’s smart contracts withstood intense scrutiny and passed rigorous security assessments done by ZOKYO. ZOKYO builds, secures, and incubates blockchain solutions for startups and enterprises worldwide.
Soon after passing the security audit, the Saffron team launched four staking pools on KuCoin Community Chain (KCC).
In last month’s portfolio update, we wrote about Saffron’s goal to increase its multichain presence and expand further into the DeFi ecosystem.
In conjunction with the deployment on KCC, Saffron launched its new V2 website. The site is designed to expedite new integrations, improve interconnection with other crypto applications, and provide more informative features. All of which will benefit users significantly.
To bring more value to Saffron, the team is working to attract more users to the platform by lowering fees when trading and interacting with smart contracts. To achieve this, Saffron is providing its services on as many blockchains as possible.
Deploying SFI pool tranches on multiple chains will also expand Saffron’s network and capture more liquidity from the broader DeFi ecosystem. With cheaper fees coming to Saffron we expect volume to increase drastically over the coming months.
