Saber launches first Soluna pool, solUST-UST(Wormhole) on Solana!
Saber proudly announces the first Soluna pool, solUST-UST (Wormhole) is now live!
Soluna, a cross-chain protocol to access stable, high yields on Anchor assets from Solana.
The protocol allows anyone to forward their interest-bearing assets deposited on Anchor (Terra blockchain) to the Solana blockchain. Best of all, it is done in an entirely permissionless manner using Wormhole.
The first token to be integrated with the Saber protocol is solUST. Always redeemable for TerraUSD, SolUST is an Anchor dollar pegged to $1 UST — which accrues interest.
Soluna uses the Pylon Protocol to split the principle token’s interest and redirect it to a community-owned DAO. Then, the yield will be distributed to DAO members via veStaking on Solana.
This makes SolUST composable while still retaining its interest-bearing properties. For example, once a user bridges SolUST to Solana, it can be traded and farmed on Saber.
Deposit solUST and UST (Wormhole) into this pool right away and begin voting on their SBR reward weighting in Saber’s TribecaDAO pool gauge.
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 Soluna
Soluna is a community governed protocol for forwarding interest-bearing assets deposited into the Anchor protocol to the Solana blockchain.
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