Built on Solana, Saber is a decentralized exchange (DEX) for stablecoin swaps. Saber works similar to the Ethereum Curve protocol. Swaps of USD stablecoins are possible using the Saber DEX at a reasonable cost. There are other Solana-based SPL tokens that are backed by the same or comparable assets. For instance, Solana supports the $1.00 target currencies Terra (UST), Tether (USDT), and USD Coin (USDC). On June 1st, 2021, the Saber DEX went live, and on July 15th, 2021, the SBR token did too. Given the numerous assets that are bridged from other networks to Solana and necessitate a Solana-native liquid stablecoin swap protocol, Saber has been successful since its introduction. An SPL token that complies with the Solana network is called SBR. SBR has two key use cases: (1) staking for governance (treasury, fees, etc.); and (2) motivating pools to keep stableswap pairings liquid.

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