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Saddle Finance

Saddle Finance

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TVL: $1.4M

Saddle

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.
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Funding Rounds

Funding Round: Series A
Funding Date: 11 Nov, 2021
Raised Amount: $7.5M
Funding Round: Seed
Funding Date: 19 Jan, 2021
Raised Amount: $4.3M