Snowbank

Snowbank is a decentralized reserve-currency protocol running on the Avalanche network, built around its native SB token. It positions itself as an OHM-style fork, meaning it attempts to create a currency whose value is underpinned by a basket of assets held in a community-governed treasury rather than by a peg to any single currency. The intended audience is participants who want exposure to a treasury-backed token with built-in staking and minting mechanics rather than a straightforward stablecoin or equity-like token.

SB tokens are minted and managed by Snowbank DAO on the Avalanche network; the protocol records no block time, reflecting that it relies on Avalanche's own consensus rather than running its own chain. The treasury holds assets such as MIM and SB-AVAX liquidity-pool tokens, and these reserves are meant to establish a floor value below which each SB token theoretically cannot fall. Participants interact with the protocol primarily through staking, which distributes newly minted SB, and through minting, which allows users to provide treasury assets in exchange for SB at a discount over a vesting period.

The data provided does not include a fee-revenue stream or fee-distribution figures, so fee-based measures used elsewhere on this site are not applicable to Snowbank in its current form. The protocol's economic model centers on treasury growth through minting sales and on rebase rewards distributed to stakers, rather than on transaction fees collected from users. With 100 percent of supply already issued and no maximum supply defined, the circulating supply of 159,640.03 SB tokens represents the entirety of what exists at this point in time.