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Saffron Finance joining Neo Live AMA, SFI tokens in rewards for participants


neonewstoday.com 09 November 2021 23:43, UTC
Reading time: ~2 m

Neo Global Development will host DeFi platform Saffron Finance on the next installment of Neo Live. Pyskeeper, Saffron founder, is joining the AMA to discuss the platform’s unique approach to generating and distributing yield to users. Neo Live participants will be eligible for rewards from a pool equivalent to US $200 in SFI tokens.

The hour-long session will take place on the official Neo Telegram channel, beginning at 1:00 p.m. (UTC) on Wednesday, Nov. 10, 2021.

In Oct. 2021, Saffron joined the N3 Early Adoption Program. Saffron is a peer-to-peer risk management platform that will distribute yields according to liquidity deposits in particular tranches and offers an insurance fund that generates yields. There are three tranches that depositors can utilize: senior, junior, and fee.

If an event requires funds to be covered, such as a mass liquidation event, assets from the junior tranche and insurance fund will cover the senior tranche first, then the junior tranche. Junior tranche deposits receive a higher portion of the platform’s earnings for their lower coverage priority. The Saffron ecosystem also utilizes a governance token, Spice (SFI), which liquidity providers must stake to gain access to higher-yield tranches.

Neo Live is an AMA-style community event held on the official Neo Telegram channel. It seeks to connect the Neo community with NGD core teams, ecosystem projects, the Neo developer community, and blockchain leaders to learn about the latest technological developments and industry insights.


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