Users create a savings plan and deposit.

Bitsave's savings plan creates a child contract under the parent contract, securing deposits to the user's wallet. Hackers cannot access funds unless they have access to the wallet, unlike DeFi pools.

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Users' Interest

Bitsave calculates interest using a formula that combines variables and constants, including its own rate formula. Additionally, the protocol has a buy-back mechanism for its native tokens, ensuring their stability and liquidity.

Users' Savings Plans and Fees

Users are charged a 1-time savings fee on savings plan creation (child contract), every fee is split in a 50:50 ratio, where 1 part goes to a buy-back wallet to buy back the protocol native tokens from any AMM or Dex in the ecosystem.

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How It Works

Bitsave isn't just another product, it's a new value chain, The web 3 space is used to DeFi, and now we're introducing them to SaveFi.

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Users typically save in a Fiat-Backed stable coin (We donā€™t want a Terra SituationšŸ˜•)

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Users earn interest in a volatile token, typically the native token of the Bitsave Protocol.

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Users can create a savings plan and make unlimited deposits.

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Users pay a $1 fee per savings plan they create.

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