Saddle
United States
Founded in
2020 (6 Years)
Founded
Last online: No recent activity
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OVERALL SCORE
Licenses
--/40
Reviews
25/60
2 reviews
Provided by TrustFinance
OVERALL SCORE
Licenses
--/40
Reviews
25/60
2 reviews
Provided by TrustFinance
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Security Information
Warning
This company is currently Unproved.
Please be cautious of the potential risks!
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Saddle
Company Information
Get to know Saddle
Saddle is a decentralized finance (DeFi) protocol that functions as an automated market maker on the Ethereum blockchain and other EVM-compatible chains. Launched in early 2021, its primary mission was to provide a platform for swapping pegged-value assets, such as stablecoins and wrapped Bitcoin (e.g., wBTC, renBTC), with minimal slippage and low fees. The protocol gained initial traction within the DeFi community. However, in April 2022, it suffered a significant security exploit resulting in a loss of over $10 million. Following this event and other market factors, the Saddle team announced in April 2023 that it would be winding down the protocol and ceasing all related activities.
Industry
- Crypto ExchangePRIMARY
- Crypto Cryptocurrency
- Financial Other Service
Contact
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Social
Reviews
Highlight Review
Review Analytic
Nafisa Garba
Direct
Excellent
Overall Thought
"Saddle Finance has truly transformed the way I interact with decentralized finance. From the moment I started using their platform, I was blown away by the seamless experience they provide for stablecoin swapping. The low slippage and gas fees make trading a breeze, while the intuitive interface ensures that even newcomers can navigate with ease. What sets Saddle Finance apart is its commitment to user security, giving me the peace of mind I need when managing my crypto assets. A game-changer in the DeFi space!"
Aug 31, 2023
A
shamsudon142
Direct
Great
Overall Thought
My experience with Saddle Finance has been quite the rollercoaster ride in the DeFi world! 🎢 Their innovative approach to stablecoin swaps had me intrigued right from the start. 💱 The potential for minimizing slippage was a real game-changer! 🔄💹 However, navigating their platform can sometimes feel like solving a Rubik's Cube blindfolded 🧩, especially for newcomers. It's been a bit of a head-scratcher! 😅 Despite this, the benefits of reduced stablecoin swap costs.
Aug 31, 2023
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