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26 November 2020

Why this Ethereum DeFi coin has surged 400% in two days | CryptoSlate

Why this Ethereum DeFi coin has surged 400% in two days | CryptoSlate


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All eyes may be on Bitcoin right now but in the decentralized finance (DeFi) space, investors have been caught off guard by a rally in a coin called Saffron Finance (SFI), also known as Spice.

BarnBridge and Saffron Finance are both attempting to introduce tranches into the cryptocurrency space.

Junior tranche providers get a small interest payment (~0.5 percent APY) while senior tranche providers can make around 50 percent APY.

Investors from prominent DeFi funds such as Spartan Capital, Mechanism Capital, and others have mentioned the Saffron Finance project in a positive light.

To deposit into the junior tranches, Saffron Finance makes you deposit SFI and DAI at a 1:1000 ratio.

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