Saffron V2 Pre-Announcement

Published on: 22.08.2021

Saffron released Pre-Announcement about #Saffron V2.

Saffron V2 comes with a new interface that’s been optimized for mobile and is better equipped to display information about a user’s position as well as the entire Saffron protocol at a glance.

🔸What about Saffron V1?

Until V2 is fully released, users can take advantage of our existing partner programs offering rewards for SFI staking:

SFI/ETH on Sushiswap by holding Sushi’s SLP tokens
SFI/PRT on Uniswap by holding SFI/PRT UNI-V2 LP tokens
SFI/WETH on DinoSwap by holding SFI/WETH SLP tokens on Polygon
SFI single-sided staking on Bancor with IL protection

Be on the lookout for other rewards and retroactive incentives for Saffron V1 participants.

🔸When V2?

Saffron V2 will be rolled out incrementally over the next few weeks. We’ve completed a small first round of audits and will be submitting our code to auditors on a weekly basis as we build new pools based on our new Saffron V2 engine. The next round of audits are expected to be complete by September 6th.

Perpetual staking

Every Saffron V2 pool has a perpetual staking option for those who wish to implement a passive management strategy. Active management is also possible and becomes easier in Saffron V2. It is encouraged in some cases where APY rates on underlying platforms may vary over time.

Capped deposits

Unaudited Saffron V2 pools will launch with deposit caps that will eventually be lifted entirely once that pool has undergone a full round of audits.

🔸Pool launch plan

The plan is to launch several different types of pools over the next few weeks.

Saffron Staking V2 is a fork of Masterchef with a few of our own Saffron specific features added. The following pools are planned for Saffron Staking V2 off the bat: