Thread by @traderjoe_xyz

Liquidity Book Pools offer true customization, markets can be configured to support any and all types of assets.

That’s why Savvy have chosen Trader Joe, as their key partner on #Arbitrum to host liquidity for $SVY and their synthetically tied assets $svUSD, $svETH and $svBTC.

🧑‍🏫 Start with Savvy

Savvy DeFi offers a comprehensive platform where users can earn, borrow, spend, and invest, all seamlessly on #Arbitrum.

This functionality is facilitated by the use of 'svTokens', synthetic assets minted when users deposit collateral.

💸 Your DeFi journey, visualised

By depositing collateral and minting synthetic tokens, users gain access to borrowed assets. These can then be deployed in a range of DeFi activities, from yield farming to trading NFTs, or even off-ramping.

👨‍🌾 Savvy yield farming

Meanwhile, Savvy will take care of the deposited collateral by depositing it into external yield strategies. Generated yield then goes towards repaying the user's debt off over time.

❌ No risk of Liquidation

Because Savvy issues its own synthetic debt tokens, there is no need for a liquidation mechanism - protocol always assumes 1:1 equivalence between svTokens and base assets.

🏦 Collateral

You can then deposit any allowed collateral, including USDC, ETH, and BTC, to mint similar synthetic soft peg tokens such as svUSD, svETH, and svBTC,

The platform is not cross-collateralised, meaning that to receive a svToken, users must deposit base assets of the same type. For example, svUSD can be minted only with stablecoins. Users who want to exit the position early can repay their svToken debt.

To unlock greater access to the protocol, investors must hold the $SVY token. SVY can be staked for veSVY to receive access to governance in the Savvy DAO, boosted liquidity mining rewards and gauge voting.

Your chance for $SVY

Introducing the Savvy Market Making Campaign

Participate to unlock accelerated $SVY rewards. The campaign kicks off NOW, read on for details...

95,000 $SVY tokens have been allocated to the Market Making campaign. A larger amount of SVY tokens will be allocated at the beginning, 3,500 for the first day.

To participate simply provide liquidity into the following pools:

• $svUSD-USDC
• $svETH-ETH
• $svBTC-WBTC

🤔 How does it work?

Rewards are allocated weekly, based on time in the LP and share of liquidity in the pool. There are significant early participation advantages.

Rewards are distributed as part of the Token Generation Event at the end of the campaign.

Savvy takes #DeFi on #Arbitrum to new heights by further unlocking liquidity and bolstering capital efficiency.

Trader Joe is happy to support another protocol that is helping to shape the future of DeFi on Arbitrum by building on Liquidity Book.