Scrub Finance

The $LION algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the cronos network and the Savannah Finance Protocol.  The protocol’s underlying mechanism dynamically adjusts $LION’s supply, pushing its price up or down relative to the price of $SVN.

Inspired by the original idea behind Basis as well as its predecessors (bDollar and soup), Scrub Finance is a multi-token protocol which consists of the following two tokens: -Lion ($LION). -Tiger Shares ($TIGER)

Scrub Finance is incubated by DIGITS DAO. Our goal is to expand the MMF ecosystem and create a real dynamic protocol. We will help expand on the Meerkat ecosystem creating complementary products which enhance the communities experience inside the MMF ecosystem. Our ultimate goal is to create a cross-chain algorithmic stable coin that will be used on multiple chains in parallel as a way of transferring funds multichain.

Unlike previous algorithmic tokens, LION is not pegged to stable, gas, or DEX token — it is instead pegged to SVN. On top of that, unlike other projects, we are able to build on top of our existing MMF-SVN ecosystem which allows us to have better control over how the mechanics between these 2 tokens interact.

The team believes in the full potential of Savanna Finance, and is thoroughly devoted to provide value to and derive value from SVN’s future growth.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long run, the Scrub Finance team will maintain a focus on innovation around enhanced functionality and use cases.

We adopted a three token structure: LION, TIGER, LBOND.