Kraken Lists SFI As Saffron Puts Uniswap Trading Fees At The Center Of Its Product

Kraken added SFI trading on October 23, bringing fresh exchange access to a token attached to a protocol that has changed substantially since its early DeFi incarnation. Saffron’s current product separates an upfront payment from the uncertain trading fees generated by a Uniswap liquidity position. TL;DR Kraken says SFI trading is live, subject to geographic restrictions. Saffron’s current vaults exchange potential future Uniswap fees for an upfront premium. Buying the governance token does not itself create a claim on a particular vault’s yield. Today’s Saffron is built around a fee swap The listing announcement identifies SFI, also called Spice, as an Ethereum token used in Saffron governance. It expressly distinguishes the current vault system from the project’s retired tranche and insurance mechanisms.

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