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Depositing and Withdrawing

What collaterals are accepted?

Savvy currently accepts USDC, USDT, DAI, ETH, and BTC, and their yield-bearing tokens.
Deposit (Base token)
Borrow (svToken)
DAI, USDC, USDT
svUSD
ETH, WETH
svETH
BTC, BTC.b, WBTC
svBTC
Deposit (Yield token)
Borrow (svToken)
jUSDC, gmdUSDC
svUSD
gmdETH
svETH
gmdBTC
svBTC

What are Strategies?

Savvy DeFi builds on top of existing protocols that provides ways for users to earn yield. Each integrated protocol is called a Strategy as they differ in the way they use funds to earn yield. Different Strategies have different risk-reward profiles based on market conditions.
Savvy DeFi chooses which strategies to integrate based on multiple factors including reliability, robustness, credibility, risk and expected yield. As the protocol matures, this choice will be gradually handed over to the Savvy DAO.

What are the current Strategies?

For a brief overview of each strategy, see our blog posts:
GMD
JonesDAO

How are the yields determined?

Yields are determined by the open market and are subject to change. The Savvy protocol passes all yield rates to the users, minus a 10% fee. Savvy only takes fess when you earn yield.
You can see the details of yield calculations of each Strategy in their respective app.

What does it mean that a Strategy is full?

Savvy limits the "pool utilization" to lower the risk taken on by users in accordance with the Savvy DeFi Risk Framework. Deposit limits are the limits on the amount that each Strategy on Savvy protocol can hold. These limits vary by strategy and are based on multiple factors like total deposits under that strategy, liquidity in svToken pools, and market conditions.
This GMD strategy has $4,346 available in the pool utilization.

Where are my deposited funds stored?

When a user deposits Base Tokens to a strategy over Savvy, the funds are first moved to the Savvy Position Manager contract which immediately deposits to the selected Strategy.
When a user deposits Yield Tokens to a strategy over Savvy, the funds are kept in the respective Savvy Position Manager contract.

How do I withdraw?

To withdraw, go to the "Dashboard" section, select the supplied asset and strategy, and click on “Withdraw”. Select the amount to withdraw and submit the transaction.