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Savanna Finance is an algorithmic stablecoin platform where its main token, SVN, is currently pegged to a value of 1 MMF. An Algorithmic Stable Coin (ASC) is a non-collateralized stablecoin designed to enhance price stability. Savanna Finance is focused on creating a genuine cross-chain algorithmic stable coin protocol, supported by real-world DeFi use cases.
The SVN algorithmic token is positioned as the foundation of a fast-expanding ecosystem, intended to add liquidity and enable additional use cases for the MMF Ecosystem. The protocol uses a mechanism that automatically modifies SVN’s supply, moving its price above or below that of MMF.
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