Savanna

What is Savanna?

Savanna Finance is an innovative algorithmic stablecoin project on the Cronos blockchain. It aims to maintain a peg to the value of 1 MMF through seigniorage. Users can participate by:

• Staking SVN-MMF LP in the Desert: To earn MSHARE rewards.
• Staking MSHARE in the Oasis: To further increase SVN earnings.

Savanna Finance is distinguished by its efficient capital use compared to collateralized stablecoins. The team leverages experience to build a robust cross-chain algorithmic stablecoin protocol with real-world DeFi applications.

Savanna Ecosystem

The Savanna ecosystem is built around the SVN algorithmic token, which drives liquidity and new use cases. It features:

• SVN: Pegged to MMF and used within the protocol.
• MSHARE: Allows holders to claim SVN inflation during expansions.
• MBOND: Acquired during contractions, redeemable for SVN when the price recovers.

The three-token structure is designed to regulate supply and price dynamics effectively.

How Does Savanna Work?

The SVN token serves as the primary medium of exchange in the Savanna Protocol. It is designed to maintain a stable value relative to MMF through:

• MSHAREs: Minted and distributed during expansions, providing governance rights to holders.
• MBONDs: Issued during contractions to manage supply and encourage price stability.

Savanna Team Background

Savanna Finance was developed by the team behind MM Finance, with a goal to enhance the MM DEX ecosystem. Their focus is on:

• Building a Dynamic Protocol: Creating a cross-chain algorithmic stablecoin.
• Expanding Partnerships: Broadening the reach and support within the DeFi space.
• The immediate focus is on the Cronos Chain, laying the groundwork for future expansion.

Savanna Project Development

Amid a challenging market, Savanna Finance is progressing with core products like Maddy AI. They are also:

• Supporting Fam.Army: A new initiative on Polygon challenging established players with innovative Social Fi features.
• Providing a Launchpad: For Fam.Army’s $FAM, enhancing value for creators and the community. T

This collaboration blends DeFi and Social Fi strengths, advancing both ecosystems.

Other Projects in the Algorthimic Stablecoins Category

• EURA: a Euro-pegged stablecoin issued by Angle Protocol, fully convertible and insured.
• Shade Protocol: offers open-source, private DeFi apps in Cosmos with substantial TVL and visitors.
• TOR: a free software network for anonymous internet communication, aiding cryptocurrencies and decentralized tech.

Savanna Price Analysis

As of December 25 2024 Savanna has a marketcap of $49K. This is {{percentagefromath}} from its all time high of $3.65. In terms of its tokenomics, there's a total supply of 121M with 100% currently outstanding. Keep in mind Savanna has a fully diluted value of $49K which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.