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Saber Review 2026: Solana's Pegged-Asset AMM

Saber is a Solana automated market maker built for trading pegged assets such as USDC, USDT, SOL, mSOL and bSOL. Its niche is clear, but TVL is modest and no audits are listed in the data we reviewed.

Solana

By the DappsAtlas editorial team · Updated Nov 4, 2026

DappsAtlas score

5.5/10

Mixed

Visit Saber

Our verdict on Saber

5.5/10

Saber suits Solana users who want to swap or provide liquidity between stablecoins and SOL liquid staking tokens with low slippage. Its focus is clear and the product category is well understood. The caveats are modest TVL of about 4.8 million USD, no audits listed in DefiLlama, a weak SBR token and an unfetched homepage, so verify the current state of the project before committing funds.

Score breakdown

How Saber scores

Security: 4.5/10
Ease of use: n/a
Fees: n/a
Features: 5.5/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Saber?

Saber is a decentralized exchange on Solana that specializes in trading between pegged assets. DefiLlama describes it as an AMM with pools for USDC, USDT, SOL, mSOL and bSOL, and it files Saber under DEXes.

DefiLlama shows about 4.8 million USD in total value locked, down 5.6% over seven days. The protocol has its own token, SBR, and no audits are listed in the DefiLlama data. The homepage could not be fetched, so product details here come from DefiLlama and third-party summaries.

Independent write-ups describe Saber as a venue for stablecoins and wrapped or bridged assets on Solana, with low-slippage swaps as its main draw. Price pages show SBR trading at a very small fraction of a dollar, with some forecasts leaning bearish. Those are third-party data points and not a guide to the protocol's health.

How Saber works

Saber is an automated market maker. Instead of an order book, users trade against pools of tokens funded by liquidity providers. A pricing formula sets the exchange rate based on the pool's balances.

Saber's pools focus on assets meant to hold the same value, such as USDC and USDT or SOL and liquid staking tokens like mSOL and bSOL. Pricing for these pairs is designed to keep slippage low when the assets trade near their peg, which suits large swaps between similar assets.

Liquidity providers deposit tokens into a pool and earn a share of trading fees. The main risk is that one asset in a pool loses its peg, which can leave providers holding more of the weaker asset.

5 features

Key features

Pegged-asset AMM pools

Pools are designed for assets that track the same value, such as USDC and USDT or SOL and its liquid staking versions, which aims to keep price impact low on swaps.

Stablecoin and SOL pairs

DefiLlama's description names USDC, USDT, SOL, mSOL and bSOL as supported pegged-asset pairs.

Liquidity provision

Third-party summaries describe Saber as a place for low-risk staking on high transaction volume, with liquidity providers earning from swap activity.

SBR token

Saber has its own token, SBR, listed by DefiLlama and traded on markets covered by price sites.

Bridged asset support

Several sources describe Saber as a cross-chain liquidity pool that supports bridged and wrapped assets on Solana.

Pros and cons

What we like

Clear niche: low-slippage swaps between pegged assets on Solana.
Supports major pairs including USDC, USDT, SOL, mSOL and bSOL.
Listed on DefiLlama with an identifiable token (SBR) and a public Twitter account.
Non-custodial AMM design means you keep assets in your own wallet except when deposited in a pool.
Covered by multiple third-party explainers, including a 2026 article.

Watch out for

No audits are listed in the DefiLlama data, so the security review trail is unclear from public sources.
TVL is about 4.8 million USD and fell 5.6% over 7 days, which is small for a DEX.
The SBR token trades at a very low price in public reporting, and several sources describe a bearish outlook.
The homepage could not be fetched, so current product status and documentation could not be verified.
Operates only on Solana, so it carries Solana network and wallet risks.
Pools focused on pegged assets still carry de-peg risk if a stablecoin or liquid staking token loses its peg.

Saber fees

Saber's fee schedule is not published publicly we reviewed, and the homepage could not be fetched. Swap fees and any fee split to liquidity providers are normally shown per pool in the app before you confirm a transaction.

On top of protocol fees, Solana network fees apply to every transaction. They are paid in SOL and are typically small, but check the confirmation screen in your wallet.

Is Saber safe?

DefiLlama lists no audits for Saber, and the project does not include a bug bounty, team information or incident history. Readers should look for audit reports and documentation from the project before depositing.

As a DEX, Saber is non-custodial, but smart-contract risk, Solana network risk and de-peg risk in pegged-asset pools all apply. We have no information on regulatory status. Only use funds you can afford to lose.

6 steps

How to get started with Saber

1
Check that the official Saber site is the one you reach, using links from the project's verified social account rather than search ads.
2
Set up a Solana wallet and fund it with a little SOL for network fees.
3
Review the pool you want to use and note its assets, fees and any listed risks.
4
Start with a small swap to see slippage and fees before moving larger amounts.
5
If you want to provide liquidity, understand that you take on exposure to the pool's assets and any de-peg risk.
6
Revoke unused token approvals and keep track of your positions in your wallet.

Open Saber

Who Saber is for

Saber fits Solana users who regularly swap between stablecoins or between SOL and liquid staking tokens, and liquidity providers comfortable with pegged-asset pool risk. It is less suited to people who need audited, large-TVL venues or broad token coverage.

Saber FAQs

What is Saber?

Saber is an automated market maker on Solana. It runs liquidity pools for assets that are meant to trade at similar values, such as stablecoins and liquid staking tokens like mSOL and bSOL.

What is the SBR token?

SBR is Saber's own token, according to DefiLlama. The project does not detail its full utility, though third-party pages describe it as linked to staking and governance-style participation on the protocol.

Is Saber audited?

The project does not say. DefiLlama lists no audits for Saber, so check the project's official documentation and any independent audit reports before depositing funds.

How much value is locked in Saber?

DefiLlama shows Saber's TVL at roughly 4.8 million USD, down 5.6% over the past 7 days. TVL changes constantly, so check a live tracker for current figures.

What are Saber's fees?

Saber's fee schedule is not public we reviewed. Swap fees and any liquidity provider or admin fees are normally displayed per pool in the app before you confirm a trade.

Which blockchain does Saber run on?

The description points to Solana only. You need a Solana-compatible wallet and a small amount of SOL for network fees to use it.

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