Savix - Easy-to-Use DeFi For Everyone

alexgronhen (25)in #blockchain • 4 years ago (edited)

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The Savix project is designed to provide users with the opportunity to get the maximum return on investment in decentralized finance, while getting a very convenient tool for this, with minimal obstacles.

The user will be able to unite many streams of income while being able to use the tokens that he has. The currently popular staking mechanism in the Savix protocol works in such a way that the user does not need to do any unnecessary actions, since staking is fully automated and there is no need to block his tokens, and the reward comes automatically.

The Savix DeFi dashboard will have the following elements:

Personal finance information where balance, rewards and history will be displayed.
A decentralized exchange will be integrated for converting both cryptocurrencies and fiat.
Modules for different DeFi products: lending, liquidity providing, NFT markets ...

For these tools, one panel will be created that will unite them and it will be designed so as to simplify the process of working with all functions for the user as much as possible, as well as to make it as stable as possible.

This will be implemented through the development of templates and process settings for all possible actions that investors will take on the dashboard. Similarly, complex operations for DeFi products will be processed in the background using predefined processes.

Savix Trinary

Savix Trinary is a DeFi App that is integrated into the Savix dashboard and was the first to be developed and will combine profits from three different streams.

Savix Trinary is the first dapp for ERC-20 embedded staking and allows users to earn ETH for providing liquidity on automated market making platforms (AMMs). The size of the reward depends on the amount of liquidity.

Uniswap Rewards
The commission for exchanging tokens for Uniswap is 0.3%, it will be divided between liquidity providers depending on their share.
Staking rewards
The built-in staking protocol will allow you to receive staking rewards at Savix. the user's tokens will be used for liquidity.
Trinary rewards
For each in the hoard in the liquidity pool, liquidity tokens will be sent to the address of the liquidity provider. Savix "Trinary" will allow you to additionally invest Savix liquidity tokens in another level of rewards

Whenever liquidity is deposited into a uniswap pool, special tokens known as liquidity tokens are minted to the provider's address, in proportion to how much liquidity they contributed to the pool.

These tokens are a representation of a liquidity provider's contribution to a pool. With Savix "Trinary" it is possible to deposit Savix liquidity tokens for up to 6 month to receive yet another reward layer. This application will automate the process of extracting a token and relieve users of complex actions and will allow performing reinvestment actions in one click.

Savix token (SVX)

Functions that SVX token performs in the Savix ecosystem:

The staking mechanism built into the protocol allows you to receive regular rewards.
Even when the SVX token participates in staking, it can be used as collateral for other DeFi investments at the same time.

This is the dual nature of the SVX token, which provides passive income from three streams.

Initial Price: 1 ETH = 50 SVX