Sovryn
ValidatedDeFi
Yield Farming
SOV$0.4102-3.42% ↓
The Biggest DeFi on Bitcoin Platform
- 843 Followers843 Followers
- 116 Likes116 Likes
About Sovryn
The Biggest DeFi on Bitcoin Platform. Trade, Earn Yield, and Borrow at 0% interest. High Yield on $ Lending Pools. AMMs offer High Yield on Pairs - Bitcoin and Stablecoins. All anonymous, get started right away. Sovryn Zero - 0% interest loans - offers bitcoin collateralized loans, as well as a chance to earn on the loans with the Zero Stability Pool.
Sovryn is a decentralized finance (DeFi) platform designed to integrate DeFi functionalities into the Bitcoin ecosystem. The platform's mission is to empower individuals by providing tools to trade, lend, and borrow Bitcoin and other assets in a decentralized manner. By leveraging Bitcoin's security and decentralization, Sovryn aims to offer a more robust and user-friendly DeFi experience. The platform is built on the RSK smart contract network, which is merge-mined with Bitcoin, ensuring high security and reliability. Sovryn's vision is to make financial services accessible, transparent, and censorship-resistant, aligning with the core principles of Bitcoin.
Sovryn Magic Store Validation Score
See Results ››Validation Score
4.9Validation Date: -
TomYes
bagiYes
RAVENYes
sadikYes
AlqambraYes
arteasydropYes
HoangThomYes
sagittNo
abjantutYes
AndrewYes
faridYes
IvestYes
AllcaponeNo
CoinDYes
Sovryn Review Score by Real Users
- 11
- 8
- 2
- 0
- 0
Bitcoin ecosystem is becoming more and more vibrant. Sovryn is good. Trade, Earn Yield, and Borrow, all in one. It is convenient. To be honest, Sovryn only deserves 4 stars. One more star is for Bitcoin ecosystem.Read More ››
0 people found this review funny
Defi platform on bitcoin network which offers 0 interset loan and there is no payback period. they have got some great partnership too that's creates a sense of quality.Read More ››
0 people found this review funny
The Biggest DeFi on Bitcoin Platform. Trade, Earn Yield, and Borrow at 0% interest. High Yield on $ Lending Pools. AMMs offer High Yield on Pairs - Bitcoin and Stablecoins. All anonymous, get started right away. Sovryn Zero - 0% interest loans - offers bitcoin collateralized loans, as well as a chance to earn on the loans with the Zero Stability PoolRead More ››
0 people found this review funny
Finally there is a good option to stake my bitcoin. The interface is not very intuitive and easy but I'm uses to such kind of web3 platforms. The main thing is that it's the only DeFi I found were I can earn passive income on my bitcoins. It's cost more to swap assets than CEX but the good thing is that I control my assets and they are in my wallet. Just don't give up first 5 minutes and you will be rewarded :)Read More ››
0 people found this review funny
Die größte DeFi-auf-Bitcoin-Plattform. Handeln, Rendite erzielen und zu 0 % Zinsen leihen. Hohe Rendite bei $-Kreditpools. AMMs bieten eine hohe Rendite auf Paare – Bitcoin und Stablecoins. Alles anonym, sofort loslegen. Sovryn Zero – 0 %-Zinsdarlehen – bietet Bitcoin-besicherte Darlehen sowie die Möglichkeit, mit den Darlehen mit dem Zero Stability Pool Geld zu verdienenRead More ››
0 people found this review funny
Это интересная игра и очень фантастический проект, и у них отличная команда в социальных сетях, мне нравится этот проектRead More ››
0 people found this review funny
App seems smooth and easy in a space of loans which is complicated. The experience was good, managed to do what I wanted and the rewards are awesome!Read More ››
0 people found this review funny
Највећи ДеФи на Битцоин платформи. Тргујте, зарадите принос и позајмите уз камату од 0%. Висок принос на кредитне фондове у $. АММ нуде висок принос на парове - Битцоин и Стаблецоинс. Сви анонимни, почните одмах. Соврин Зеро – кредити са 0% камата – нуди зајмове са залогом биткоина, као и шансу да зарадите на кредитима са Зеро Стабилити Поол-омRead More ››
0 people found this review funny
SOV Token Price Chart (Real Time)
Token Statistics
- Market Cap$26,103,668.00
- Volume$61,022.00
- Circulating Supply63,814,021.148
- Max Supply100,000,000
- FDMC$40,905,851
About Sovryn Token
Sovryn operates on the RSK Bitcoin sidechain and has its own governance token, $SOV. The $SOV token is used for governance, staking, and accessing various features within the Sovryn platform. This token allows holders to participate in the decision-making process, earning rewards, and accessing unique features of the platform.
The $SOV token has a fixed supply and follows a detailed distribution plan. This includes allocations for community incentives, liquidity mining, development, and strategic reserves. The tokenomics are designed to support the long-term growth and sustainability of the Sovryn ecosystem.
Governance is a key aspect of Sovryn's decentralized protocol. $SOV holders have the right to propose and vote on key decisions, such as protocol upgrades, reward mechanisms, and other critical aspects. This ensures that the community has a significant say in the platform's future direction.
Staking $SOV tokens allows users to earn rewards and access additional features within the platform. This incentivizes long-term holding and participation in the ecosystem. Sovryn also integrates various DeFi services, including lending, borrowing, and trading, enhancing the utility and demand for the $SOV token.
Both the $SOV token and the Sovryn platform are designed to offer a comprehensive and decentralized financial ecosystem built on Bitcoin. The token is listed on major decentralized exchanges, providing easy access for trading and staking.
Sovryn Magic Store Trust Score
- Audit Score
- 0No. Of. Audits
- MediumScore
- Security Validators Score
- 20.07.2023Validation Date
Sovryn User Trust Reviews
farming on BTC is always a good idea, why not just hold BTC and earn more money, a good project helps with thisRead More ››
0 people found this review funny
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0 people found this review funny
indeed, one of the best defi platforms on BRC is likely to be very successful. I'm not really on this particular network, I think this app will help me and others use brc !Read More ››
0 people found this review funny
Sovryn FAQ
Sovryn is built on the RSK network, which is merge-mined with Bitcoin, ensuring that Sovryn's transactions are secured by the same miners who secure Bitcoin. This integration provides robust protection against attacks, leveraging Bitcoin's unparalleled security for all DeFi activities on the platform.
Sovryn offers several unique features, including Bitcoin-backed stablecoins, a decentralized governance model, and cross-chain compatibility. These features provide stability, user participation in platform decisions, and the ability to interact with a wide range of digital assets and DeFi protocols.
Sovryn allows users to trade Bitcoin directly on its decentralized platform, eliminating the need for centralized exchanges. This ensures greater security and privacy, as users retain control over their assets and transactions.
Bitcoin-backed stablecoins on Sovryn combine the stability of fiat currencies with the security of Bitcoin. They allow users to hedge against cryptocurrency volatility while maintaining exposure to Bitcoin, providing a stable and secure asset for trading and lending.
Sovryn employs a decentralized governance model where SOV token holders can propose and vote on changes. This model ensures that the community drives the platform's evolution, making decisions that reflect the interests and needs of its users.