About Savvy SVY

The SVY token has several utilities for users of the Savvy Protocol. Specifically, the structure incentives participants to: -DAO membership to govern proposals for the protocol -Stake to earn veSVY exponentially over time -Borrow a greater line of credit to boost rewards -Strengthen liquidity & price stability for svTokens Borrowers can earn more SVY by staking their tokens to boost their collateral's APY through boosted rewards. This creates a positive feedback loop where users are incentivized to hold and use SVY, which creates more demand for the token and helps establish a stable economic model. The SVY token gives token holders significant influence on liquidity distribution through voting on gauges. This means token holders have a say in how future liquidity will be distributed to the svToken pools, an essential aspect of the protocol's overall success.

Savvy (SVY) Price Data

Savvy (SVY) price has decreased today.

Savvy price today is $0.1580 with a 24-hours trading volume up by -- %. SVY price is down in the last 24 hours. It has a circulating supply is 10M SVY coins and a total supply of 10M.

What is the highest price for Savvy?

The all-time high price of Savvy is $0.6505 on Mar 8, 2024.

What is the lowest price for Savvy?

The all-time low price of Savvy is $0.000506 on Feb 15, 2024.