Snowbank

Snowbank is a decentralized reserve currency protocol running on the Avalanche network, built around the SB token. It aims to create a cryptocurrency whose value is anchored to a basket of underlying assets held in a DAO-controlled treasury, rather than being pegged to any single currency. The intended audience is users who want exposure to a token that, according to the protocol's design, cannot fall below the intrinsic value of what backs it.

SB tokens are backed by assets held in the Snowbank DAO treasury, which at launch included assets such as MIM and SB-AVAX liquidity pool tokens. The protocol is an OHM-style fork on Avalanche, meaning it uses staking mechanics, where holders deposit SB to receive rebased rewards over time, and minting, where users provide treasury assets in exchange for SB at a discount over a vesting period. The entire supply of 159,640 SB tokens is already in circulation, as the supply issued percentage stands at 100 as of the point-in-time measurement.

The data provided does not include a recorded fee stream, revenue figures, or protocol earnings, so no fee-based measures can be calculated from what is stored on this site. The protocol's economic model is designed around treasury growth through minting and the distribution of staking rewards funded by that treasury, rather than a conventional fee-on-transaction structure. The 24-hour turnover figure of 0.001226 indicates extremely low trading activity relative to the circulating supply over that period, which is a relevant context for understanding liquidity conditions.