Saber Labs builds Saber, a Solana-based cross-chain exchange and automated market maker for swapping stablecoins and wrapped tokens. Launched last month, the platform enables users to swap assets, deposit liquidity, and earn yield from transaction fees and liquidity incentives. Saber currently supports assets from Ethereum, Terra, Solana, and Bitcoin and is looking to add Polygon and Celo to support every major chain. The team highlights its asset breadth (15+ assets versus competitors) as a competitive edge and has attracted significant liquidity, with total value locked above $126 million. The company is led by co-founder and CEO Dylan Macalinao and is currently a three-person team planning to hire around seven people by the end of the year. Saber positions itself to establish market leadership in stablecoin exchanges on Solana by leveraging the chain's faster, lower-cost transactions compared to Ethereum.

Total raised

$8M

Funding rounds

1

Latest round

Seed

Latest activity

Jul 2021