How to Buy Savvy DeFi Crypto (SVY)

What is Savvy DeFi (SVY)?

According to Coingecko, Savvy DeFi is : The SVY token has several utilities for users of the Savvy Protocol. Specifically, the structure incentives participants to: -DAO membership to govern proposals for the protocol -Stake to earn veSVY exponentially over time -Borrow a greater line of credit to boost rewards -Strengthen liquidity & price stability for svTokens Borrowers can earn more SVY by staking their tokens to boost their collateral's APY through boosted rewards. This creates a positive feedback loop where users are incentivized to hold and use SVY, which creates more demand for the token and helps establish a stable economic model. The SVY token gives token holders significant influence on liquidity distribution through voting on gauges. This means token holders have a say in how future liquidity will be distributed to the svToken pools, an essential aspect of the protocol's overall success.

Where can I buy SVY Crypto?

You can buy Savvy DeFi on crypto on Sushiswap's Arbitrum Version.

Why should you buy Savvy DeFi?

Savvy DeFi is really one of a kind project. The roadmap is incredibly promising and if the dev team can keep up with the with it, it's only a matter of time for the market to catch up. It's a very risky play but one that can yield amazing profits. Do you own diligence and research the project further so you can make your own decision.

How to Buy Savvy DeFi Crypto?

Step 1 - Setting up a Metamask Wallet

How to setup metamask for Arbitrum

Metamask is by far the most used walled in the world of Ethereum. Whenever you want to buy and sell cryptocurrencies or even use blockchain apps that run on the Ethereum Network, Metamask will be your best friend. Setting up the wallet is also very simple and easy.

Head over to metamask.io and click Download. You'll need to use Google Chrome, Brave Browser, Firefox, or Microsoft Edge for this to work. So make sure you are using one of these four browsers. Now at the end of the page, click on the browser you're using and install the extension.

You are now the Welcome Page of Metamask. Click on 'Get Started.' Now click on 'Create a Wallet.' Choose a strong password for your Metamask wallet and continue.

Very Important Part! Keeping your backup phrase safe is the difference between having millions in your account or be that guy on the landfill looking for his old hard drive.

Click on reveal your backup phrase and write every word down on paper. Make sure you don't save your backup phrase on anything digital. This is for your security. After you wrote down your backup phrase, you'll be asked to confirm it. Click on every word in the correct order, and you should be done.

Now since we are using the Arbitrum One, we’ll need to add the Network. I’ll go over this very quickly. Just go over to https://arbiscan.io/.

Bottom right corner click here:

Add arbitrum one to metamask

Accept everything on your Metamask and you should have your Arbitrum Network configured and the network switched to it.

Alternatively you can add the network manually like this:

Click on the upper right corner where you see the image and then click Settings. Select Networks and click on Add Network.

Fill out the boxes with this info:

Network Name: Arbitrum One
New RPC URL: https://arb1.arbitrum.io/rpc
Chain ID: 42161
Symbol: AETH
Block Explorer URL: https://arbiscan.io

Click Save, and now you have Arbitrum ONE installed on your Metamask.

Step 2 - Buy USDT on Simpleswap

To buy SVY, we first need to buy another coin so we can trade it for SVY. In this guide we chose to start by buying USDT (for the simplicity), trading it for ETH on the Arbitrum Chain to finally trade it for SVY. Unfortunately, without signing up to any regular exchange, we can't perform this exchange directly.

Simpleswap is the easiest way to buy crypto today. Free from registrations, KYC and third-party custody. With Simpleswap we can buy ETH and receive it directly on our on-chain Metamask wallet, skipping most of the steps we'd have to take through a traditional exchange.

Click here to access Simpleswap

Just click the Buy/Sell Crypto tab, insert the USD amount you want to trade for USDT, select USDT(ERC20) from the dropdown and click "Exchange", just like this:

Switch your Metamask Network to the Ethereum Mainnet: Buy Ethereum on Simpleswap

Now all you have to do is click the Metamask fox logo to directly copy and paste your Metamask Ethereum address. It should add it automatically.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated ETH balance in Metamask.

Step 3 - Swap USDT to ETH (Arbitrum) with Simpleswap

Now we're swapping the USDT we just bought for ETH on the Arbitrum Chain. Click here to access Simpleswap

Now that we're back on Simpleswap, we need to select the "Crypto Exchange" tab, and select USDT(ERC20) and ETH(Arbitrum) just like this:

Swap USDT to ETH(Arbitrum) with Simpleswap

and click "Exchange".

Click the Metamask logo to copy and paste your Metamask Address and click "Create Exchange".

Swap USDT to ETH(Arbitrum) with Simpleswap

Accept the transaction on Metamask and the process should start automatically. Now all you should do is wait, switch the network back to Arbitrum, and your Arbitrum ETH should appear in your Metamask balance.

Step 4 - Buy Savvy DeFi on SushiSwap with ETH

How to buy SVY on Sushiswap Arbitrum One

Sushiswap is currently the best Decentralized Exchanged for the Arbitrum Chain, and it's simply the best place to buy cryptocurrencies one Arbitrum that aren't available on sites like Coinbase or Binance.

Before we head over to Sushiswap, we need to prepare your Metamask Wallet to receive Savvy DeFi. Open Metamask, scroll all the way down, and click here:

How to add SVY to metamask on Arbitrum One

Select Custom Token and paste this token contract address there:

0x43ab8f7d2a8dd4102ccea6b438f6d747b1b9f034

The rest should autofill, and you need to click next and then add tokens. Your account is now ready to receive Savvy DeFi( SVY).

You can check the price and confirm the correct token address of Savvy DeFi on Coingecko.

Let's buy some Savvy DeFi!

Go to Sushiswap. On the upper right corner, click on Connect Wallet and select Metamask. A confirmation popup should open on Metamask (click on the "little fox logo" if you don't see it).Now you need to accept, connect, and your wallet should be connected to Sushiswap. You need to make sure you're connected to the Arbitrum version. Make sure your metamask says Arbitrum on the top.

Select a token and paste the Token contract address: 0x43ab8f7d2a8dd4102ccea6b438f6d747b1b9f034

Click Import and accept the terms.

Now you have to select the amount of ETH you want to trade for SVY. After you confirm it, another popup will appear from the Metamask extension and you should approve the transaction.

Wait a few minutes, and your SVY should appear on your Metamask Wallet.

Congratulations! You are now a proud Investor of Savvy DeFi!

In case your transactions keep on failing, adjust your slippage tolerance. To do that, click on Sushiswap's gear icon, and put 5% here:

Define slippage on Sushiswap

Check out Savvy DeFi links:

Website: https://savvydefi.io/
Twitter: https://twitter.com/SavvyDeFi
Telegram: https://t.me/SavvyDeFiEvents
Explorer: https://arbiscan.io/token/0x43aB8f7d2A8Dd4102cCEA6b438F6d747b1B9F034
Discord: https://discord.gg/savvydefi

Please make sure you read our Disclaimer. We are not financial advisors.