Saber is an SPL token compliant with the Solana network, with a maximum supply of 10,000,000,000 SBR coins.
Saber is a decentralized exchange (DEX) for stablecoin swaps built on Solana, which allows for low fee swaps of USD stablecoins. Saber functions similarly with the Curve protocol on Ethereum and has two primary use cases, staking for governance, and incentivizing pools to maintain liquidity in stableswap pairs.
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Why Donate SBR?
Since SBR has appreciated significantly, donating SBR and other cryptocurrencies can save you money on your taxes. Because the IRS classifies cryptocurrency as property, this means you don’t have to pay capital gains tax on your donation and can deduct the amount on your tax return. This is why financial advisors recommend you donate your most highly appreciated assets first. Users who donate and enter their email address will automatically get a compliant tax receipt.
Don’t want your SBR stack to decrease? Repurchase the same amount of SBR afterward and still get the same tax benefits to offset some (or all) of your gains.