Saber is a Decentralized Exchange that provides the liquidity foundation for stablecoins, which is a type of cryptocurrency whose value is pegged to another asset. The Saber project involved swap, liquidity pools and yield farming. However, Saber liquidity pool and yield farming are done at third party protocol and we believe in the future Saber will provide its own yield farming. Thus, Saber is marked as Grey.
| Category | Details | Status |
|---|---|---|
| Legitimacy | Not regulated by any countries or regulatory bodies. The project has a clear roadmap and genuine product on the blockchain, while the token/coin has a fundamental underlying value that allows it to be categorized as "Mal". | Passed |
| Project | Saber is a decentralized exchange (DEX) protocol that provides liquidity pool, yield farming and swap assets based on a liquidity foundation for stablecoins. Liquidity pool and yield farming are done at third party protocol. | Passed |
| Financials | The token is not backed by any equity, thus there is no financial screening on this token. | Passed |
| Token | The token can be used for utility and governance. However, utility tokens are used for third party yield farming. We take precautionary action to mark this as Grey as in the future Saber might provide its own yield farming. | Grey |
| Staking Method | No staking. | Passed |
Read the source document and verify project fundamentals.