Wednesday, July 9, 2025
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Savix: The Perfect Defi Solution For Passive Income

by firstcryptonews
March 7, 2021
in News
savix

Decentralized Finance (DeFi) has emerged as the biggest success story from the crypto-verse in 2020 with a market capitalization of over $40 billion. DeFi fulfills one of the key goals of Bitcoin i.e. to bank the unbanked and offers a decentralized form of banking. Users can either provide their assets to the financial system as liquidity receiving rewards in return or they can stake it for interest rates. Savix, the new DeFi protocol promises to take the DeFi experience a step further by combining these income streams while keeping full flexibility of token usage.

The main utility of the Savix protocol comes from its native token’s SVX use cases. These are:

1 : SVX self-staking protocol yields reward:

The staking mechanism built into the Savix protocol works without any need for user actions. Users don’t have to lock their tokens, don’t have to decide on pools and don’t have to claim their rewards since the staking process works completely automated

2 : SVX as a DeFi collateral coin:

SVX token holders will be able to use SVX tokens as collateral coin for investments in DeFi products compounding the rewards generated with self-staking returns.

The project is developed so that SVX staking rewards will be highest during the early project stages as trading for the token begins. On the other hand, the collateral compound use of the token will increase with time as more projects join the Savix protocol. The height of staking rewards will slowly be reduced by the time the number of partnerships with DeFi projects, for which SVX tokens can be used as collateral, will increase as well as the functionalities of the Savix DeFi dashboard will.

Savix Trinary: Redefining Passive Income

The sole purpose of the Savix ecosystem is to offer best returns through various DeFi use cases for its users. Savix Trinary is the first DeFi dapp developed by Savix developers and will offer three streams of income for SVX token holders.

  1. Staking rewards: SVX holders earn Savix staking rewards from the embedded staking protocol (First of the use cases mentioned above)
  2. Uniswap Rewards: There is a 0.3% fee for swapping tokens on Uniswap. This fee is split by liquidity providers proportional to their contribution to liquidity reserves. It is functioning as a payout to all liquidity providers proportional to their share of the pool. (Second of the use cases mentioned above)
  3. Trinary 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 months to receive yet another reward layer: ETH from Savix’ ecosystem pool. We expect a return of 7% to 15% of the initial investment directly paid in ETH over the first 6 months. This third income stream is made possible by the specific way the Uniswap protocol works.

The Savix Dashboard will act as the User Interface to manage SVX token staking and collateral compound rewards. The Savix DeFi dashboard is designed to reduce complexity as much as possible by concentrating all functionality to the minimum required to guarantee smooth and stable processing of all functions.

The Savix Ecosystem and Upcoming IEO

The Savix ecosystem promises to translate the idea of a traditional savings account into the world of decentralized finance. Its opportunity to enable up to three streams of passive income with a single token is unique and might revolutionize the way we think of passive income. The native SVX token has a total supply of 100,000, out of which 30% will allocated towards Unicrypt presale, 20% will be locked with the Uniswap liquidity pool, 15% each will be reserved for two IEO sales at Latoken and Exmarkets exchanges. 7% of tokens are allocated for ecosystem development, 3% for bounty rewards and 5% have been distributed each within the initial presale and to the Savix team.

The first phase of the presale has commenced with great success and the crypto community is eagerly waiting for the second phase of the token sale via Initial Exchange Offering (IEO). SVX tokens are available at:

  1. Savix Exmarket IEO, 8th March:

Total Token for sale – 15,000 SVX

  1. Savix Latoken IEO, 10th March

Total Token for sale – 15,000 SVX

All unsold tokens get burned at the end of the sale, Uniswap pool and team tokens with a combined total of 25,000 SVX will be locked. The Savix protocol is built on the principles of decentralization and transparency. It is externally audited by Quillhash and is certified for ERC20 compatibility.

An ecosystem fund holding values in SVX and ETH will be set up and maintained in order to strengthen the Savix ecosystem in general and to incentivize long-term holding of Savix in particular.

Savix Makes DeFi Ready For Adoption

Savix aims to support the acceptance of cryptocurrencies and DeFi among non-tech-savvy users. Following the mission statement “Easy DeFi For Everyone” decentralized applications (dapps) developed with the Savix ecosystem will focus on GUI functionality reduced to the necessary and preconfigured functions allowing users to trigger their investments with a the “ease of a single click”. Trading, wallet and DeFi functions will be integrated into an easy-to-use GUI as this kind, the Savix DeFi dashboard.

To Know More about Savix: 

Official Website: https://savix.org/

Twitter: https://twitter.com/savix_org

Telegram: https://t.me/savix_org

Related Posts

Atua AI Builds Automated Data Pathways for Intelligent Web3 Execution

Atua AI Builds Automated Data Pathways for Intelligent Web3 Execution

by firstcryptonews
July 9, 2025
0

New Framework Streamlines Data Flow Between AI Modules and Blockchain Systems for Smarter, Real-Time Automation Singapore, SG – July 9,...

Atua AI Powers Developer Access with Smart Pipeline Integration Features

Atua AI Powers Developer Access with Smart Pipeline Integration Features

by firstcryptonews
July 4, 2025
0

Streamlined Automation Pipelines Enable Faster Deployment and Real-Time Workflow Customization in Web3 Singapore, SG – July 4, 2025 – Atua...

Atua AI Strengthens Backend Stability with Multichain Compute Layers

by firstcryptonews
July 3, 2025
0

Enhanced Infrastructure Improves Scalability and AI Reliability Across Decentralized Networks Singapore, SG – July 3, 2025 – Atua AI (TUA),...

Atua AI Optimizes Agent Coordination for Decentralized Workflow Distribution

Atua AI Optimizes Agent Coordination for Decentralized Workflow Distribution

by firstcryptonews
July 1, 2025
0

Enhanced AI Collaboration Boosts Automation Precision and Scalability Across Multichain Systems Singapore, SG – July 01, 2025 – Atua AI...

Atua AI Boosts Multi-Protocol Compatibility with Lightweight Task Models

Atua AI Boosts Multi-Protocol Compatibility with Lightweight Task Models

by firstcryptonews
June 27, 2025
0

New Streamlined Execution Layer Enhances Performance Across Diverse Blockchain Networks Singapore, SG – May 5, 2025 – Atua AI (TUA),...

Imagen Network (IMAGE) Secures $160M in Bitcoin to Build Decentralized AI Infrastructure at Scale

Imagen Network (IMAGE) Secures $160M in Bitcoin to Build Decentralized AI Infrastructure at Scale

by firstcryptonews
June 25, 2025
0

The BTC reserve will fund high-performance AI modules, multichain compatibility, and decentralized storage systems. Seattle, WA – June 25, 2025...

Next Post

100k Bitcoin options set to expire: here’s what to expect from the market

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Discover the Power of INTBNB: A New Era in Staking and Rewards

Discover the Power of INTBNB: A New Era in Staking and Rewards

6 months ago
CRYPTOLOGY

Cryptology Online Crypto Marketplace Review

4 years ago
Mysterious ‘Missing Pepe’ Images & QR Codes Appear Worldwide – Crypto Community in Frenzy

Mysterious ‘Missing Pepe’ Images & QR Codes Appear Worldwide – Crypto Community in Frenzy

5 months ago
Atua AI (TUA) Elevates Real-Time Intelligence Tools After Major AI Model Upgrades

Atua AI (TUA) Elevates Real-Time Intelligence Tools After Major AI Model Upgrades

5 months ago
BRICSTether is set to launch as an alternative to the USD and USDT, as many flee the collapsing US banking system

BRICSTether is set to launch as an alternative to the USD and USDT, as many flee the collapsing US banking system

2 years ago
$FUNDS The First Cryptocurrency Backed by Real World Lotteries

$FUNDS The First Cryptocurrency Backed by Real World Lotteries

3 years ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

Atua AI Builds Automated Data Pathways for Intelligent Web3 Execution

Atua AI Builds Automated Data Pathways for Intelligent Web3 Execution

July 9, 2025

Press Release

$BARF on Solana: 1 Million Permanent Blockchain Imprints Make This the Most Unstoppable Meme Ever

$BARF on Solana: 1 Million Permanent Blockchain Imprints Make This the Most Unstoppable Meme Ever

July 5, 2025

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News