saffron.finance

SFI Price

What is Saffron Finance (SFI) token?

SFI is a utility token that is created and issued by Saffron Finance, an asset collateralization platform where liquidity providers have access to dynamic exposure by selecting customized risk and return profiles. 

What is Saffron Finance?

Saffron Finance is a decentralized protocol that acts as a yield optimizer for liquidity providers – it was first announced through a Medium article by a group of anonymous developers and was later launched on the Ethereum main net on 1 November 2020. Liquidity pools in Saffron Finance collect deposited base assets from liquidity providers and deploy them onto lending platforms to earn interest. However, unlike other yield aggregators, Saffron Finance aims to differentiate itself through the introduction of tranches.

One of the biggest issues that yield farming pools face is the effects of impermanent loss. Liquidity providers may lose out on value when the market price of their deposited assets is lower than when it was initially deposited. Through tranches, Saffron Finance aims to provide better exposure to yield farmers and give them the option to select portfolios based on their preferred risk appetite.

How does Saffron Finance work?

Saffron Finance acts as an intermediary between liquidity providers and lending protocols. Through adaptors, the Saffron Finance protocol will automatically deploy its liquidity pools to the highest-yielding lending protocol at a given interval. Liquidity providers may supply Saffron Finance’s liquidity pools at any given time but are only able to withdraw their assets and interest earnings at the end of every epoch. Each epoch lasts for 2 weeks.

What can Saffron Finance (SFI) tokens do?

SFI tokens are primarily used as a utility token to gain access to specified tranche(s) in Saffron Finance’s protocol. At the time of writing, there are three (3) tranches available which are tranche A, S, and AA. Users must stake SFI tokens (alongside with providing liquidity) to gain access to tranche A. Liquidity providers for tranche A have higher exposure as they will insure the other tranches in the event of loss from platform risks. However, in return for higher exposure, liquidity providers participating in tranche A will also earn higher interest.

How to obtain Saffron Finance (SFI) tokens?

SFI tokens can be obtained through two (2) methods. 

The first method is buying them from an exchange such as Uniswap. You can browse through the various centralized and decentralized exchanges by heading over to our exchanges page here. Alternatively, you can check out Saffron Finance’s (SFI) markets for an overview of the different exchanges SFI is traded on.

The second method is to deposit assets into Saffron Finance’s website and earn SFI tokens in return for staking. Liquidity providers will earn SFI tokens at different rates, depending on the size of their liquidity provided, and the type of tranche they are participating in. However, it should be noted that this method will eventually cease to exist once the circulating supply reaches its maximum cap of 100,000 tokens. 

Where can you buy saffron.finance?

SFI tokens can be traded on decentralized exchanges and centralized crypto exchanges. The most popular exchange to buy and trade saffron.finance is Uniswap V2 (Ethereum), where the most active trading pair SFI/WETH has a trading volume of $2,517.25 in the last 24 hours. Other popular options include Sushiswap and Gate.io.

What is the daily trading volume of saffron.finance (SFI)?

The trading volume of saffron.finance (SFI) is $63,969.98 in the last 24 hours, representing a 14.70% increase from one day ago and signalling a recent rise in market activity.

What is the all-time high for saffron.finance (SFI)?

The highest price paid for saffron.finance (SFI) is BTC0.06667, which was recorded on Feb 20, 2021 (almost 4 years). Comparatively, the current price is -99.00% lower than the all-time high price.

What is the all-time low for saffron.finance (SFI)?

The lowest price paid for saffron.finance (SFI) is BTC0.0002363, which was recorded on Sep 10, 2024 (3 months). Comparatively, the current price is 136.80% higher than the all-time low price.

What is the market cap of saffron.finance (SFI)?

Market capitalization of saffron.finance (SFI) is BTC26.3107 and is ranked #2859 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SFI tokens (80 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of saffron.finance (SFI)?

The fully diluted valuation (FDV) of saffron.finance (SFI) is BTC30.2804. This is a statistical representation of the maximum market cap, assuming the maximum number of 100 Thousand SFI tokens are in circulation today. Depending on how the emission schedule of SFI tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of saffron.finance compare against its peers?

With a price increase of 3.90% in the last 7 days, saffron.finance (SFI) is underperforming the global cryptocurrency market which is up 10.80%, while underperforming when compared to similar Multicoin Capital Portfolio cryptocurrencies which are up 6.60%.

How to add saffron.finance (SFI) to MetaMask?

Adding saffron.finance (SFI) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SFI as a token. You can copy SFI’s contract address (0xb753428af26e81097e7fd17f40c88aaa3e04902c) and import it manually, or if you've installed MetaMask's chrome extension, add SFI to MetaMask with one click on CoinGecko.

Add SFI to MetaMask.