SVN (Savanna) Finance is an algorithmic stable coin platform with our main token SVN currently pegged to the value of 1 MMF. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin tailored for improving price stability.
The beauty of algorithmic stable coins is that they are much more capital efficient than their collateralized cousins.
Savanna Finance’s full focus is to build a true cross-chain algorithmic stable coin protocol that is stabilized with true use-cases all around the DeFi Ecosystem.