Saber is a decentralized finance (DeFi) protocol that provides a core liquidity foundation for stablecoins on the Solana network. Its primary function is to facilitate the efficient trading of similarly priced crypto assets, such as swapping between USDC and USDT. The protocol was developed by Saber Labs, founded by brothers Dylan and Ian Macalinao. While the protocol remains active on the blockchain, development has largely ceased following a 2022 controversy where its founders were revealed to have used multiple anonymous identities to artificially inflate Solana's total value locked (TVL) metrics.

Founded in

India