A noncustodial and permissionless smart-contract system for bitcoin borrowing, lending, and margin trading
A protocol for decentralized, bitcoin-backed stablecoins
A DAO (distributed autonomous organization) built on Rootstock, a bitcoin sidechain, that provides the bitcoin ecosystem with EVM superpowers
Sovryn runs on Rootstock, which derives its security from the bitcoin network. The native token of Rootstock is RBTC, an exact 1:1 BTC peg. When you transfer bitcoin into Rootstock, your bitcoin is locked and the equivalent amount is released as RBTC on Rootstock. Using RBTC, your bitcoin takes on new capabilities. You can borrow, lend, and trade on Sovryn. In addition, all fees are paid in RBTC, so you don't need a separate asset just for transaction fees.
0%-interest loans on bitcoin that issue a USD-pegged stablecoin
A decentralized, USD-pegged token backed by overcollateralized bitcoin
A simple and quick method to bi-directionally exchange between BTC and RBTC
Bridge between Rootstock (BTC) and Ethereum, BSC networks
Spot exchange with limit orders
Low-cost, low-slippage, instant trading between tokens allowed by Sovryn AMM
Margin trading - Up to 5X long/short trades
Lending pools/yield farming
Earn fees by lending tokens to margin traders and borrowers
Borrow tokens from the lending pool (all lending is overcollateralized)
SOV staking for fee sharing, voting power, platform rewards, and airdrops
Sovryn-specific Incentive-aligned protocol governance where Sovryn Improvement Protocols (SIPs) are openly discussed on Sovryn’s social channels, then moved to the official Bitocracy forum, then moved to the Sovryn dApp governance reconciliation. Each staker has voting rights to participate in decisions that determine the course of platform development.