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Saffron is a peer-to-peer interest risk adjustment protocol. Underlying yield is transformed by a smart contract system according to users’ indicated risk.
The current implementation of Saffron is a fixed yield layer on top of Uniswap pools. Saffron vaults match liquidity providers who want fixed yield with traders who buy future yield.
Learn more about Saffron vaults here: Vaults Overview.
Audits
Saffron has undergone 9 audits as of December 19th, 2025. The 5 most recent audits are based on the same commit hash, which is the hash that will be used to deploy the upcoming Saffron vaults release, scheduled for early 2026.
You can view audit reports and security commitments here.
Saffron’s native token Spice (SFI)
$SFI, or Spice (SFI), is the native token for Saffron. SFI was created in a liquidity mining program in the early epochs of Saffron from October 2020 to mid 2021.
History
The first implementation of the Saffron risk exchange mechanism was released in October 2020 as a DeFi tranching mechanism for Compound. It was later deprecated in 2021 and replaced by a DeFi insurance mechanism, where users entered short-term insurance contracts protecting against underlying protocol failure. This resulted in one successful protocol cover and payout on the Harmony network.
Previous versions of Saffron were deprecated and efforts to build fixed yield vaults began in early 2023. The first implementation of Saffron fixed yield vaults use Uniswap concentrated liquidity pools (Uniswap V3) as an underlying yield source.
Learn more about Saffron:
