Place/Date: – September 9th, 2022 at 10:27 am UTC · 3 min read
Source: Saddle Finance
The utility token of Saddle Finance, Saddle ($SDL), was just listed on the KuCoin exchange. Trading is scheduled to go live at 14:00 on September 9, 2022 (UTC), with KuCoin adding support for the SDL/USDT and SDL/BTC trading pairs.
The listing process presents an excellent opportunity for Saddle to boost the adoption of its protocol and satisfy the numerous community requests for a centralized exchange (CEX) listing. As one of the largest CEXs in the world, KuCoin can offer tremendous exposure and liquidity to the $SDL token.
In celebration of the upcoming listing, the Saddle DAO (decentralized autonomous organization) passed a community vote to allocate 2.6 million $SDL into fund prizes. All KuCoin users will be eligible to participate in the campaigns and earn $SDL airdrops. Check the campaign rules and prize here.
What Is Saddle?
Saddle is a multi-chain DeFi (decentralized finance) protocol built originally on the Ethereum blockchain. It is an automated market maker (AMM) optimized for trading pegged value crypto assets, like stablecoins and wrapped tokens, with minimal slippage.
Built with interoperability in mind, the goal of Saddle is to enrich the DeFi space by incorporating AMM-based technologies and pegged asset swap primitives into different ecosystems.
Saddle Finance has come a long way. It started as a simple concept in 2020 before its anticipated launch in January 2021. Thanks to a novel mechanism known as a Proof of Governance launch, the Saddle team ensured the initial stability of its protocol and DAO through a community of dedicated and highly participatory users.
Since then, the Saddle team has worked hard on upgrading its protocol with new liquidity pools, financial incentives for $SDL holders, support for new stablecoins/tokens, and integration with protocols such as 1inch, Optimism, and Arbitrium.
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 10 million registered users across 207 counties and regions around the world.
KuCoin is known for its wide selection of supported assets and services, as well as high liquidity and low trading fees.
About Saddle DAO
Saddle is a multichain decentralized automated market maker (AMM) optimized for trading pegged value crypto assets with minimal slippage. Saddle enables cheap, efficient, swift, and low-slippage swaps for traders and high-yield pools for LPs. The protocol stands for collaboration, in building Saddle as a DeFi lego block, and in helping DeFi teams bring AMMs to any blockchain.
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