On March 8, 2021, the tiered income agreement Saffron Finance announced that many strategic partners will join the Saffron ecosystem. Among them, Dragonfly Capital will lead, including Multicoin Capital, Coinbase Ventures, DeFi Holdings, and well-known angel investors Meltem Demirors, Brandon Chez, Marc Weinstein, Leo Cheng and Tegan Kline participated.
The Saffron protocol was launched in October 2019 and is the first to apply the traditional risk adjustment concept to the DeFi platform. There are more than 18 trillion US dollars of negative-income sovereign debt in the traditional market. Saffron is building a bridge to transfer billions of investable assets from traditional debt and fixed-income markets to the encrypted native capital market. The Saffron protocol can automatically deploy liquidity to a third-party DeFi lending platform, allowing users to mortgage encrypted assets on the platform and select customized risk exposures to obtain returns. So far, the Saffron Agreement has obtained more than $50 million in lock-up value (TVL) in nearly twenty pools.
Dragonfly Capital commented: “Risk trading is a key component of a mature financial stack. Saffron is the best team we have seen to build scalable solutions. Risk grading is very common in traditional finance, and Saffron uses DeFi’s composability for The field of encrypted native financial products has added risk re-adjustment options. We are very pleased to support Saffron in building a risk management future in DeFi."
The new strategic partnership signifies that the North American and Asian ecosystems are also widely involved. The Saffron protocol is managed by a community of SFI token holders. SFI is the original governance token of the protocol. It has a current market value of more than $200 million and is distributed to early adopters of the protocol.
In the DeFi field, Saffron is a unique project initiated by anonymous developer Psykeeper. Psykeeper added: "Saffron aims to balance risks and benefits, deploy funds to individuals and institutions in the DeFi field, and transfer billions of dollars of revenue-based financial products from centralized financial institutions to decentralized open source networks. The new hierarchical income system allows investors to use various encrypted assets to earn income and has risk control guarantees. The new partners will bring a lot of capital market and DeFi expertise, which will help Saffron's next stage of development."
The new partner and other users actively participate in the development of the protocol. The deployment of the multi-signature mechanism on the chain can supervise the governance functions of all Saffron pools and adapters. This is the best proof.
To learn more about Saffron Finance, please visit https://app.saffron.finance/#community .