Loading organizations...
Saber Labs develops Saber, an automated market maker and liquidity pool on the Solana blockchain. It specializes in highly efficient, low-slippage trading of similarly priced assets, including USD stablecoins, bridged assets, and liquid staking derivatives. The platform enables liquidity providers to earn fees, offering low-risk staking in decentralized finance.
Co-founded in 2021 by brothers Dylan and Ian Macalinao, Saber's inception addressed a critical infrastructure need. Their insight focused on efficient pegged asset swaps on Solana. They aimed to establish deep liquidity for assets maintaining stable price relationships, a foundation for scalable decentralized finance.
Saber serves cryptocurrency traders seeking optimal pegged asset swaps and liquidity providers aiming for stable yield on Solana. The company envisions itself as the foundational liquidity layer for Solana’s stablecoin and pegged asset economy. It strives to be the central exchange connecting diverse assets, fostering an integrated, efficient decentralized finance.
Saber Labs has raised $8.0M across 1 funding round.
Saber Labs has raised $8.0M in total across 1 funding round.
Saber Labs has raised $8.0M across 1 funding round. Most recently, it raised $8.0M Seed in July 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jul 1, 2021 | $8M Seed | Race Capital | Kevin Hartz, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital, Founders Fund, Goat Capital, Infinite Niches, Invariantes Fund, Jetstream, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, Sapphire Ventures, Sequoia Capital, The HIT Forge, Thirty Five Ventures, Todd And Rahul's Angel Fund, Tribe Capital, Y Combinator, Yobe Ventures, Andre Iguodala, Bradley Horowitz, Jonathan Swanson, Joshua Reeves, Joshua Webster, Sahin Boydas, Scott Belsky, Suhail Doshi, Jason LAU, Jeff Kuan, Julien Bouteloup, Ryan Shea, Tristan Yver, Jump Capital, Multicoin Capital, Chamath Palihapitiya, Solana Foundation | Announced |
Saber Labs is a technology company that developed Saber, a decentralized exchange (DEX) and automated market maker (AMM) on the Solana blockchain, specializing in stablecoin liquidity and cross-chain asset swaps.[3][4] It serves DeFi users, liquidity providers, and traders by enabling low-slippage exchanges of stablecoins like USDT and USDC, wrapped assets from Ethereum and Bitcoin, and other tokens, solving fragmentation in stablecoin liquidity across chains.[2][3][4] Launched in June 2021 after raising $7.7M in seed funding, Saber leverages Solana's high throughput for fast, low-cost trades, with growth marked by rapid pool expansions (16+ pools) and integrations with wallets, yield aggregators, and analytics tools.[3][4]
Saber Labs was founded in 2017 by brothers Dylan Macalinao (CEO, ex-Head of Product at OKCoin and Design Fellow at IDEO CoLab) and Ian Macalinao, headquartered in Solana, Misamis Oriental, Philippines.[2][3][4] The idea emerged from identifying gaps in stablecoin liquidity on high-performance blockchains, leading to Saber's official launch in June 2021 as Solana's core cross-chain stablecoin exchange.[3][4] Early traction included a $7.7M seed round in July 2021 led by Race Capital, with investors like Social Capital (Chamath Palihapitiya), Multicoin Capital, Jump Capital, and Solana Foundation, fueling hiring, marketing, and product development.[2][3][4][5] Pivotal moments involved quick adoption via Solana's DEX volume surge and partnerships with projects like Wormhole and Ren for cross-chain liquidity.[4]
Saber Labs rides the Solana DeFi boom, capitalizing on Solana's scalability to challenge Ethereum's dominance in DEX volume and stablecoin trading amid 2021's DeFi summer.[2][3][4] Timing aligned with Solana's surge (e.g., 61% unique wallet growth on Saber in 2023), driven by market forces like high Ethereum gas fees and demand for efficient AMMs.[2][4] It influences the ecosystem by deepening Solana liquidity, enabling cross-chain DeFi primitives, and fostering integrations that amplify protocols like Serum and Step Finance, though controversies around founders' pseudonymous tactics highlight risks in anon-driven crypto development.[4][5]
Saber Labs could pivot toward Aptos or new L1s post-Solana, building on its AMM expertise amid maturing multi-chain DeFi and regulatory scrutiny.[5] Trends like AI-optimized liquidity, RWA tokenization, and Solana's revival will shape growth, potentially expanding via fresh pools and bridges, but founder investigations may impact trust and funding.[5] As Solana's stablecoin liquidity pioneer, its influence may evolve from niche DEX to broader DeFi infrastructure, rewarding adaptability in a competitive landscape.
Saber Labs has raised $8.0M in total across 1 funding round.
Saber Labs's investors include Race Capital, Kevin Hartz, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital, Founders Fund, Goat Capital.
