CASH is a decentralized stablecoin collateralized by Saber USDC / USDT LP tokens. Saber looks forward to continuing to partner with ecosystem projects composing Saber LP tokens. Deposits are live for acUSD / CASH, wUST / CASH, and PAI / CASH. SBR rewards will go live for the pools within the next 24 hours.
To mint CASH, head to cashio.app or exchange other stablecoins for CASH on app.saber.so. The new asset pairs for CASH include acUSD (Allbridge Celo USD), Wormhole UST (Terra’s USD stablecoin), and PAI (Parrot USD).
To obtain acUSD, bridge Celo Dollar from Celo using Allbridge. Similarly, you can bridge UST, Terra’s UST stablecoin backed by LUNA, to Solana through wormhole. You can mint PAI using a number of assets collateral, including many Saber LP tokens, on parrot.fi.
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.