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Saddle Finance

Saddle Finance

A Curve-inspired AMM on Ethereum optimized for low-slippage swaps between pegged assets.

Launch Year
2021
Consensus
N/A (DeFi protocol)
Max Supply
1,000,000,000 SDL
Block Time
N/A
SDL
SDL
Saddle Finance
Price
24h Change
Market Cap
Volume (24h)
Circulating Supply
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Saddle Finance Price Chart

SDL / USD
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About Saddle Finance

Saddle Finance is a decentralized AMM on Ethereum focused on low-slippage swaps between pegged assets — stablecoins, liquid staking derivatives, and wrapped Bitcoin variants. Inspired by Curve Finance, Saddle uses the StableSwap invariant to provide highly efficient trades near the price peg. Saddle differentiates by focusing on an open and permissionless pool creation model and cross-chain liquidity. SDL is the governance token used to vote on pool parameters, fee allocation, and protocol upgrades. Saddle was audited by multiple security firms and grew to hundreds of millions in TVL at its peak.

History

2021
Saddle Finance launches on Ethereum mainnet with BTC and stablecoin pools; SDL airdrop to DeFi users.
2021
Saddle expands to Arbitrum and other L2 networks; introduces virtual swaps for cross-pool routing.
2022
Saddle becomes a governance token and introduces community-driven pool governance.
2022
Saddle merges with Frax Finance to combine liquidity and governance resources.
2023
Saddle operates as part of the broader Frax ecosystem with ongoing liquidity pools.

How to Swap SDL

Exchanging Saddle Finance (SDL) on SyntheticSwap is simple and needs no account or identity check. SDL is a multi-chain token primarily on Ethereum, supported by MetaMask, Coinbase Wallet, Trust Wallet, and Ledger Live. Select SDL in the swap interface, pick your desired output asset, provide a receiving wallet address, and review the live exchange rate. Your swap settles automatically after your SDL deposit is confirmed — the destination token is sent directly to your wallet without delay.

How to Store SDL

Store SDL in MetaMask, Rainbow, or any Ethereum-compatible wallet. Ledger and Trezor hardware wallets support SDL for secure long-term storage.

Frequently Asked Questions