SBR is an SPL token compliant with the Solana network. SBR’s use cases include:
1) staking for governance (treasury, fees, etc.)
2) incentivizing pools to maintain liquidity in stableswap pairs.
Saber is a decentralized exchange (DEX)
swaps built on Solana
. Saber functions similarly to the Curve
protocol on Ethereum
. The Saber DEX allows for low fee swaps of USD stablecoins. There are a number of Solana-based SPL tokens that have the same or similar assets backing them. For example, Solana supports USD Coin (USDC), Tether (USDT) and Terra (UST) that all target the price of USD1.00. The Saber DEX launched on June 1st, 2021 and launched its SBR token on July 15th, 2021.
Saber experienced success since launch given the many assets that are bridged from other networks to Solana and require a Solana-native liquid stablecoin swap protocol.