Savvy Booster

What is Savvy Booster?

Savvy Booster is a reserved allocation of SVY for users with an open borrow position and a veSVY balance. veSVY is accrued by staking SVY. Boosted yield earns the user SVY.

The Savvy Booster promotes healthy protocol use by providing Savvy protocol users:

• Borrowers benefit because their open borrow position earns them SVY.

• Stakers benefit because their veSVY helps earn them SVY.

• SVY holders benefit because staking (the method to acquire veSVY) removes SVY from circulation.

How is my Savvy Booster rewards determined?

Savvy Booster rewards are calculated using a function of user's and protocol's total veSVY and outstanding credit balance multiplied by the boosted reward pool. The following equation is used to calculate the Savvy Booster rewards:

$R_{you}:$ Your SVY rewards

$D_{you}:$ Your debt

$D_{total}:$ Total protocol debt

$E:$ Rate of SVY emissions

$T:$ Elapsed time

$R_{you} = \frac{\sqrt{D_{you} \times veSVY_{you}}}{\sqrt{D_{total} \times veSVY_{total}}} \times E \times T$

How can I see my current Savvy Booster metrics?

Users can refer to the My SVY dashboard on the app to see their current veSVY, Earn Rates and Boost APR.