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Saddle
Saddle is an automated market maker (AMM) designed for efficient trading between pegged value crypto assets. The Saddle DAO has voted to wind down the protocol.
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Description
Saddle is a decentralized automated market maker (AMM) on the Ethereum blockchain, optimized for trading pegged value crypto assets with minimal slippage. It aims to enable cheap, efficient, swift, and low-slippage swaps for traders and high-yield pools for LPs. The project emphasizes open-source collaboration to build DeFi lego blocks and help DeFi teams bring AMMs to any blockchain. The protocol is audited by firms like Certik, Quantstamp, and OpenZeppelin. However, the Saddle DAO voted to wind down the protocol, pausing all pools and dissolving the community multisig, with users advised to withdraw their funds.Grant Funding
VC Funding
None
2021
$0
$12M