Saddle is an automated market maker (AMM) designed to enable efficient trading between pegged value crypto assets. Saddle is launching with a tokenized bitcoin pool, allowing users to trade between and provide liquidity for tBTC, WBTC, sBTC, and renBTC.

We are launching Saddle to accelerate the DeFi ecosystem by unlocking deep on-chain liquidity between pegged value crypto assets. Saddle recently spun out of Thesis, the crypto venture studio behind projects like tBTC, Keep, and Fold.