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Saddle

saddle.finance

Founded Year

2020

Stage

Option/Warrant | Alive

Total Raised

$4.3M

Last Raised

$7.5M | 1 yr ago

About Saddle

Saddle is an automated market maker optimized for pegged value crypto assets like tokenized bitcoin and stable coins.

Headquarters Location

401 Harrison Street #35A

San Francisco, California, 94105,

United States

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Research containing Saddle

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CB Insights Intelligence Analysts have mentioned Saddle in 1 CB Insights research brief, most recently on Oct 19, 2021.

Expert Collections containing Saddle

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Saddle is included in 1 Expert Collection, including Blockchain.

B

Blockchain

7,744 items

Companies and startups in this collection leverage blockchain technology for crypto trading, decentralized finance (DeFi), NFTs, and more.

Latest Saddle News

Saddle Finance Redefines Trading of Pegged Value Assets with Ease And Security

Aug 15, 2022

Are you ready to Saddle up? A decentralized finance platform architectured to facilitate efficient trade between pegged crypto assets is now one of the most prominent names on the Ethereum blockchain. Saddle Finance , an automated market maker (AMM), is developing solutions to eliminate roadblocks related to the spread between stablecoins and tokenized crypto assets. In the crosshairs of Saddle’s team of engineers and software developers is a path that distinguishes the company from its competitors and offers users distinctive and unparalleled value. One of Saddle’s principles is putting a premium on teamwork. The Saddle team is committed to building a powerful DeFi lego block and assisting DeFi teams in bringing pegged asset swaps to any blockchain or L2 through partnership with other top-tier financial companies. Saddle Finance: Built By Experts, For The Masses Saddle is developed by DeFi specialists with illustrious track records at major Web2 firms such as Amazon, Square, and Uber. As a regular DeFi user, Saddle has witnessed personally how vital an active and dynamic community is to the success of a project. Saddle Finance is for everyone! Saddle has the resources to dominate the competition and is supported by some of the biggest names in the DeFi industry. It has secured a total of $11.8 million in capital, with Polychain Capital, Framework Ventures, and Electric Capital, among others, leading the way. The SDL Governance Token: Freedom To Propose & Improvise The Saddle Finance ecosystem’s governance token is denoted by the $veSDL token. With $veSDL, users may propose and vote on changes to the Saddle ecosphere’s development and improvisation. The platform recently concluded the first vesting stage for SDL, enabling token holders to access their so-far locked tokens to trade, transact and participate in staking pools to earn $veSDL for participation in community governance. In addition to the voting privlienges, $veSDL holders also become eligible to receive a portion of the trading fees as SDL/FRAX LP tokens, and participate in airdrops of tokens belonging to other protocols that are part of Saddle’s liquidity pools and more. Saddle facilitates low-cost, low-friction trades with little slippage to assist users in maximizing their earnings. Saddle’s interface guarantees that all users can navigate without difficulty at any given moment. Saddle Finance: Trust-Validated & Recommended By Top Security Companies Saddle has recently introduced the Frax, USDC base pool (saddleFRAXBP) in continuation of its existing partnership with the fracionally-algorithmic stablecoin project. It will be soon followed by the expansion of Saddle’s pools across four different chains. Apart from Ethereum, the other three supported protocols include Optimism, Arbitrum and Fantom. Among the upcoming pools are saddleFRAXUSDT, saddleFRAXsUSD and saddleFRAXalUSD on Ethereum; saddleFRAXUSDT and saddleFRAXsUSD on Optimism; saddleFRAXUSDT and saddleFRAXUSDs on Arbitrum; and saddleFRAXUSDT and saddleFRAXalUSD on Fantom protocol. These pools form the logical extension of Saddle Finance’s earlier incentivized pools that supported USDC, USDT, Frax, nUSD and MIM. Leading blockchain security firms, such as Certik, OpenZeppelin, and Quantstamp, have audited and secured the Saddle protocol. Therefore, trust, security, and performance have never been a concern. What The Experts Are Saying: Positive Reviews According to a recent online review, Saddle is “one of the safest platforms” as the developers and management team make the security of user funds a top priority. “Saddle finance is an excellent investment not just for inexperienced crypto traders, but for anybody who intends to utilize the platform. It’s one of the safest!” the reviewer noted. In an article by “Mr. Decentralized” that was published on the website PublishOX last month, the author stated that in these uncertain times when so many new projects are sprouting up, “You will be in good hands with Saddle Finance developers.” “They (developers) come from different Web 2.0 companies and are now also building the foundation of Web 3.0,” Mr. Decentralized said. Indeed, there are many things to enjoy and benefit from Saddle Finance. A positive review is all you need to be guaranteed with trust, performance and great results. So, let’s all SDL up and enjoy the ride.

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Saddle Frequently Asked Questions (FAQ)

  • When was Saddle founded?

    Saddle was founded in 2020.

  • Where is Saddle's headquarters?

    Saddle's headquarters is located at 401 Harrison Street, San Francisco.

  • What is Saddle's latest funding round?

    Saddle's latest funding round is Option/Warrant.

  • How much did Saddle raise?

    Saddle raised a total of $4.3M.

  • Who are the investors of Saddle?

    Investors of Saddle include Divergence Ventures, Polychain Capital, Nascent Ventures, Electric Capital, Coinbase Ventures and 5 more.

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