Snowbank

Snowbank is a decentralized reserve currency protocol running on the Avalanche network, built around its native SB token. It belongs to a family of designs sometimes called OHM forks, which attempt to create a protocol-owned treasury of assets that backs each token with a stated intrinsic floor value. The protocol is aimed at users interested in crypto-native reserve currency experiments where the treasury, rather than a central bank, is meant to underpin the token's value.

SB tokens live on the Avalanche blockchain and are backed by a basket of assets held in the Snowbank DAO treasury, including MIM stablecoins and SB-AVAX liquidity-pool tokens. The protocol uses two primary mechanics — staking, which rewards existing holders with additional tokens, and minting, which allows new SB to be issued in exchange for treasury assets at a discount — both intended to grow and diversify the treasury over time. There is no consensus algorithm recorded for this token itself, as it is an application-layer protocol that relies on Avalanche's underlying infrastructure for settlement.

The data stored for Snowbank does not include a recorded fee stream, so fee-based measures such as protocol revenue or fee yield are not available on this page. The protocol's treasury mechanics — minting and staking — are the primary economic levers described in its design, but no specific fee figures are present in the stored data. The 24-hour turnover ratio stands at 0.002154, meaning trading volume over that period was a very small fraction of the total market capitalisation of 37,234,091 USD, indicating limited recent trading activity relative to the asset's size.