Saber Launches Allbridge Ethereum DAI / USDC Pool
Saber launches a stable Ethereum-bridged DAI liquidity pool on Solana in partnership with Allbridge.
Users can now deposit liquidity at Saber and bridge Ethereum DAI into the Solana ecosystem.
DAI is the largest decentralized USD Stablecoin, with over $6 Billion in circulation.
DAI is collateralized fully by a mix of other cryptocurrencies that are deposited into smart contract vaults through MakerDAO. Learn more about DAI’s mechanism and collateral ratio in MakerDAO’s docs.
Saber allows users to bridge their Ethereum DAI onto Solana in a wrapped form, exchange it for Solana-native USDC or other stablecoins, or earn yield for providing liquidity.
If you are interested in using this Ethereum <> Solana bridge for DAI, check out these Allbridge docs.
About Saber Labs
Saber is the leading cross-chain AMM for pegged assets on Solana, such as stablecoins and wrapped assets. As Solana’s core cross-chain liquidity network, Saber helps facilitate the transfer of assets between Solana and other blockchains. Users deposit crypto into a Saber liquidity pool to earn passive yield from transaction fees, token-based incentives, and eventually automated DeFi strategies.
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About Allbridge
Allbridge is a decentralized, modular, and expanding token bridge with on-chain consensus. It’s a simple, modern, and reliable way to transfer assets between blockchain networks. Allbridge mission is to make the blockchain world borderless and provide a tool to freely move assets between different networks. In the future it will evolve into a DAO-style multi-chain hub, establishing connections between the EVM and non-EVM networks.
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