| Safuu | |
|---|---|
| Development | |
| Original author(s) | Bryan Legend |
| White paper | "Safuu Protocol" |
| Initial release | 1 March 2022 |
| Code repository | BSCScan |
| Development status | Active |
| Website | safuu |
| Ledger | |
| Issuance schedule | 325,000 tokens released on March 1, 2022, rebasing at a 0.02355% increase rate every 15 minutes until february 28, 2023; it will rebase thereafter at a much lower rate until maximum supply is reached, around mid 2035[2] |
| Circulating supply | 788,500 (As of April 17, 2022) |
| Supply limit | 3.25 Billion[1] |
| Valuation | |
| Market cap | US$150 million (as of April 17, 2022) |
Safuu (acronym of Sustainable Asset Fund for Universal Users) is a decentralized digital currency and a DeFi auto-staking and auto-compunding protocol that, at the time of its introduction, set the record for the highest annual percentage yield in the decentralized finance space, with an APY of 383,026%.[3] The interest is automatically paid to the holders of the token in their wallet, by increasing their amount of Safuu at a rate of 0.02355% every fifteen minutes, that is ninety six times per day.[4] Founded in the first quarter of 2022 by a team of developers headed by Australian entrepreneur Bryan Legend,[5] held its initial coin offering on March 1, 2022 with an initial supply of 325,000 tokens.[6] It has since quickly drawn attention in the crypto community for its ingenious features, such as the Fire Pit, an automated token burning process, and the LIC (Longterm Interest Cycle), mechanisms that help to contain inflation and keep the project sustainable, despite its high interest yield.[7][8] The project's smart contract has been deployed on the Binance Smart Chain.