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Sovryn

TODAY, DEFI. TOMORROW, THE WORLD.
Category
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Finance
Blockchain
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Rootstock
Currency
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SOV
Publisher
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Sovryn Team
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What is Sovryn?
A non-custodial and permission-less smart contract-based system for bitcoin lending, borrowing, and margin trading.

Sovryn allows users to buy and sell bitcoin, trade bitcoin on margin, borrow, lend, and yield-farm bitcoin and other assets in a noncustodial and permissionless way. It is the most feature-rich DeFi platform for Bitcoin. Sovryn is built on RSK, a Bitcoin sidechain, that provides Bitcoin with superpowers.

The platform uses a pegged form of bitcoin on the RSK network called RBTC. In addition, Sovryn uses the SOV governance token for participating in the bitocracy and for various rewards in the system.

A BETTER SYSTEM FOR FREEDOM The invention of Bitcoin paved the way for new possibilities never before imagined in history. We build on Satoshi’s invention to make Bitcoin usable in reality, and explore new ways to operate our world—so people can live better and safer together.

Sovryn Alpha

Swap
Swap between assets

Spot
Trade with spot market and limit orders

Margin
Trade with up to 5x leverage

Pool
Earn yield in the AMM

Lend
Earn by lending assets

Borrow
Take out a fixed-interest loan

Stake
Earn rewards by staking SOV

Vote
Participate in Sovryn governance
Sovryn is built on the world’s only truly decentralized blockchain.
Lend your assets directly to borrowers or to margin traders.
Bringing the Best of DeFi Home to Bitcoin
Your Keys, Your Coins

Sovryn also has a $1M bug bounty program through Immunefi, focused on the security of Sovryn's smart contracts and the prevention of loss of user funds.
0% Interest Loans on Bitcoin, Bitcoin-backed Stablecoins
Fast Swaps, Spot and Margin Trading
Interest-Bearing Lending, Earning Yield, and Staking
Information
Type
Lending
Blockchain
Rootstock
Currency
SOV
Platform
Windows, macOS
Publisher
Sovryn Team
Version
Alpha
FAQ
Sovryn is: a non-custodial and permissionless smart-contract-based system for bitcoin lending, borrowing, and margin trading; a DAO built on the RSK Bitcoin
With Sovryn, you send your bitcoin to a smart contract that allows you to keep custody of your private keys, allowing you to withdraw your funds at any time. Sovryn is permissionless in the sense that no one can censor a transaction, ban your account, or require you to undergo KYC before trading. You are Sovryn.
Sovryn is a decentralized finance (DeFi) provider. The protocol is running on a Bitcoin sidechain called Rootstock Smart Contract (RSK). Sovryn is a one-stop shop for decentralized financial services and offers lending, borrowing, trading, staking, and yield farming.
Performing swap trades on Sovryn is quick and easy. Simply select the asset and quantity you want to swap from (X), then select the asset you want to receive (Y). The Automated Market Maker (AMM) will calculate the amount of the asset you wish to receive (Y), minus a small transaction fee for the swap service.
supply of 100,000,000 SOV coins. If you would like to know where to buy Sovryn at the current rate, the top cryptocurrency exchanges for trading in Sovryn stock are currently KuCoin, Gate.io, LATOKEN, AscendEX (BitMax), and Uniswap (V2). You can find others listed on our.
Sovryn is a DAO built on the RSK Bitcoin sidechain that provides Bitcoin with superpowers. the most feature-rich DeFi platform for Bitcoin.
Sovryn (SOV) price has increased today.It has a circulating supply of 23 Million SOV coins and a total supply of 100 Million. If you are looking to buy or sell Sovryn, Gate.io is currently the most active exchange.
December 15, 2020
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