Savanna Finance's SVN stabilizes against MMF.
Savanna Finance is an algorithmic stablecoin platform with SVN token pegged to 1 MMF, focusing on cross-chain stability and ecosystem growth through dynamic supply adjustments.
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What is Stake Vault (SVN)?
Savanna Finance is a platform for algorithmic stablecoins, with its primary token SVN pegged to the value of 1 MMF. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin designed to enhance price stability. The main goal of Savanna Finance is to develop a genuine cross-chain algorithmic stablecoin protocol that is backed by real use cases across the DeFi ecosystem. The SVN token forms the core of a rapidly expanding ecosystem that aims to increase liquidity and introduce new applications within the MMF community. The protocol’s mechanism automatically adjusts the supply of SVN, influencing its price in relation to MMF.
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Stake Vault price live information
As of now, Stake Vault is trading at 0.008179 USD, with a 24-hour trading volume of approximately 0 USD. The SVN to USD price is updated in real time. Over the past 24 hours, Stake Vault has decreased by 0%. It remains the top-ranked cryptocurrency on CMC.IO, with a market capitalization of about 0 USD. Currently, there are 0 SVN in circulation out of a maximum supply of 2 100 000 000 SVN.
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