[ANN] Sovryn - Brings DeFi to Bitcoin

[NotHatinJustTrollin]

Users seem to be aping into Sovryn's yield farming returns, but we also have favorable permissionless DeFi borrowing / lending rates... and you don't have to give up custody of your private keys.

More information, please check here: https://twitter.com/SovrynBTC/status/1399799813718282246

[NotHatinJustTrollin]

Today we celebrate the listing of @moneyonchainok’s governance token, #MoC, To mark the occasion, Money on Chain is offering a generous reward of $37,500 in MOC to yield farmers for providing liquidity to the DoC/BTC pool on https://live.sovryn.app/yield-farm

https://www.sovryn.app/blog/moc-listing-is-rewarding-for-sovryns

[NotHatinJustTrollin]

In Sovryn bitocracy news, SIP-0019: Exchequer Committee 2021 Budget has passed with 99.99% approval with 66,439k votes. View the results at https://bitocracy.sovryn.app/

[Suke_Teki]

I just read an interesting article about Sovryn partnership with API3!
Sovryn using the API3 Airnode to bring DeFi data into Bitcoin smart contracts.
Besides that, Sovryn and API3 will be providing $50,000 of prize money to Airnode-powered winning projects, and an additional $100,000 in potential grant funding for projects that fit API3’s long term vision.
https://medium.com/api3/build-with-api3-at-sovrython-8d6774d5ede2

[NotHatinJustTrollin]

Explanation of Money on Chain's $37500 worth of MoC for Liquidity Providers to the DoC/BTC pool:

 -The campaign will end on the 1st of July
- The DoC/BTC pool is a V2 one which allows the LPs to deposit only one asset if they choose.
- The LP’s can choose to deposit DoC, BTC or both assets
- 50% of the reward will go to the DoC LP’s and 50% will go to the BTC LP’s
- The final number of MoC tokens to be distributed will be decided by the MoC Team based on the average trading price during the last day of the campaign
- The reward distribution will take place after the end of the campaign. Rewards will be deposited automatically to LP's wallets.




Building a permissionless future with Bitcoin-native DeFi @Sovryn with @exiledsurfer

* #BTC origins and community ethos
* #Ethereum vs BTC discussions
* governance and incentives
* the real enemies of Bitcoin - not governments, but...

Full interview: https://www.youtube.com/watch?v=H87YqL9vE_Y

[Dalib]

The Bridge is now ready for testing. It can be found here: https://bridge.test.sovryn.app/
Please test transferring ETH and stable coins from BSC and ETH to RSK and vice versa.
Please also test the XUSD pool on this interface: https://feat-xusd-rbtc.sovryn.pages.dev/yield-farm

You  can get all required tokens at our faucet: https://faucet.sovryn.app/
But BNB for the Binance here: https://testnet.binance.org/faucet-smart
And ETH for Ropsten here: https://faucet.ropsten.be/


it is important that testers are connected to OUR rpc: https://testnet.sovryn.app/rpc  because the rsk rpc is down

[Suke_Teki]

The Bridge is now ready for testing. It can be found here: https://bridge.test.sovryn.app/
Please test transferring ETH and stable coins from BSC and ETH to RSK and vice versa.
Please also test the XUSD pool on this interface: https://feat-xusd-rbtc.sovryn.pages.dev/yield-farm

You  can get all required tokens at our faucet: https://faucet.sovryn.app/
But BNB for the Binance here: https://testnet.binance.org/faucet-smart
And ETH for Ropsten here: https://faucet.ropsten.be/


it is important that testers are connected to OUR rpc: https://testnet.sovryn.app/rpc  because the rsk rpc is down

Very good. Sovryn really builds his business well, prioritizing to build a good and healthy ecosystem first. not in a hurry to list their tokens on popular exchanges.
when the bridge between Sovryn with ETH and BSC is fully launched, it will increase Sovryn exchange users.

[steampunkz]

I am glad for one of the early supporters and promoters of this project in the last few months, I always visit their Twitter page and seeing all the improvements and good news in terms of its price, listing new projects, live interviews plus bounty projects like hackathon. Can't wait to see how SOV will become in this coming few months, Especially their listing in uniswap and adapting to Binancechain bridge. Stay Sovryn! To the moon! Cheers!

[shinratensei_]

OMG, that's a very big news and i hope that CZ will be seeing this as well after the launch of the BNB bridge. After the complete of ethereum and BNB bridge that means sovryn can add any ERC and BEP token anytime to the its platform.
Yago and team was doing a very good job. I will be waiting for the lootdrop for BNB - SOV pool. I think this will be launched after the testing.
SOV is going very crazy right now. SOV for the future defi

[Lunar Crank]

OMG, that's a very big news and i hope that CZ will be seeing this as well after the launch of the BNB bridge. After the complete of ethereum and BNB bridge that means sovryn can add any ERC and BEP token anytime to the its platform.
Yago and team was doing a very good job. I will be waiting for the lootdrop for BNB - SOV pool. I think this will be launched after the testing.
SOV is going very crazy right now. SOV for the future defi

I like the way the Sovryn team is developing their project. They have clear priorities - create working product, without any hype around it. And when they get a result, Sovryn will be needed very much.

[koang]

Sovrython Opening Livestream!

DolarCripto talking about the integration of Babelfish Money on the Sovryn protocol, and their upcoming token launch on Sovryn's Origins platform
https://www.youtube.com/watch?v=1hsSQwZhMk8

[NotHatinJustTrollin]

SOV rewards for liquidity mining are claimable at any point by clicking the "withdraw" button https://live.sovryn.app/yield-farm for the pool you have liquidity in, then click on https://live.sovryn.app/reward to claim them, after which they are visible in the vested assets tab of https://live.sovryn.app/wallet as "reward sov", AND in https://bitocracy.sovryn.app/stake listed as "current vests"

10% of the reward SOV can be then withdrawn per month for 10 months as liquid SOV, which you can also stake in bitocracy instead, if you choose.

All of the vested reward SOV will count towards voting in bitocracy while it is vested, but only 10% becomes liquid each month for you to withdraw or stake.

If you want to CONTINUE earning SOV rewards in the pools after you have withdrawn your liquidity to get your SOV rewards, you will need to REDEPOSIT the liquidity to the pool.

SOV rewards for providing LM are recalibrated every monday. If you leave your liquidity in the pool and do not withdraw it to claim the SOV rewards, the rewards keep accumulating until you withdraw them.

Keep in mind though that the vesting period BEGINS at the point you withdraw the reward SOV.

https://wiki.sovryn.app/en/sovryn-dapp/sovryn-rewards-explained

[NotHatinJustTrollin]

Tokens now transferable from  Binance Chain to Sovryn include DAI, USDC, BUSDT and BUSD. We've also updated our Ethereum bridge which now permits the transfer of DAI, USDC and USDT. Stablecoins from both chains will be aggregated into XUSD on Sovryn.

https://www.sovryn.app/blog/our-binance-bridge-is-live



SIP-0020 Staking contract upgrade has passed with 100% Bitocracy consensus, wik 66,424,000 votes. There is now a 48 hour waiting period before the contract can be updated, so users can verify the code, and raise any issues.

https://github.com/DistributedCollective/Sovryn-smart-contracts/pull/250

[NotHatinJustTrollin]

The $XUSD / $BTC pool has launched, get ready for another incredible $SOV yield!

https://www.sovryn.app/blog/xusd-go-brrrrr

Stablecoins that are bridged to Sovryn are aggregated and returned as XUSD, enabling Sovryn users to deposit any compatible stablecoin of their choosing and receive XUSD, which is always convertible 1:1 back to all of the dollar-pegged counterparts. This means one can deposit USDT (ethereum) -> XUSD, and withdraw XUSD -> BUSD (binance), or any of the aggregated stablecoins. Streamlining stablecoins in this manner will allow Sovryn to maximise the liquidity brought onto the system and offer a smooth user experience without clutter.

To make all of this possible, we’re thrilled to announce that the XUSD-BTC pool is now live! This pool allows Sovryns who have already bridged their stablecoins to trade them against BTC - which in turn means you can now swap XUSD with any other token on Sovryn! Not only that, but we look forward to the upgrade that Babelfish will bring where XUSD will eventually aggregate and represent stablecoins from many different chains.

[Teraboy]

Im very glad to see that sovryn will be listed on uniswap today and anyone can find the latest announcement about that on this link
https://twitter.com/SovrynBTC/status/1402982023606636550

I hope that there will be no another delay. The development of sovryn is growing very fast and so many new followers already followed sovryn twitter account.

This will become the biggest bitcoin defi in crypto. 

[irfan_pak10]

Im very glad to see that sovryn will be listed on uniswap today and anyone can find the latest announcement about that on this link
https://twitter.com/SovrynBTC/status/1402982023606636550

I hope that there will be no another delay. The development of sovryn is growing very fast and so many new followers already followed sovryn twitter account.

This will become the biggest bitcoin defi in crypto. 

Did you check Pomp's tweet?

Pomp sparks debate: Has Bitcoin DeFi project Sovryn really overtaken Uniswap v3 by TVL?
Analysts are arguing whether the RSK-based Bitcoin money market Sovryn has a TVL of $52 million... or $2 billion.

https://cointelegraph.com/news/pomp-sparks-debate-has-bitcoin-defi-project-sovryn-really-overtaken-uniswap-v3-by-tvl?utm_source=Telegram&utm_medium=social

[irfan_pak10]

$SOV is now available on Uniswap at an opening price of 0.0157 $ETH per $SOV

Ride TheUnicorn with Sovryn.

https://www.sovryn.app/blog/sov-is-live-on-uniswap

Contract Address: 0xbdab72602e9ad40fc6a6852caf43258113b8f7a5

How to:

https://wiki.sovryn.app/en/sovryn-dapp/uniswap

Price chart: https://www.dextools.io/app/uniswap/pair-explorer/0x127cadea890813125ca083280ab921d2220558c2

[ChrisPop]

Personally I think Sovryn will become a snowball soon with all the projects in the pipeline. My biased opinion is that the ecosystem built around Sovryn could create tremendous value for the crypto community especially because it is built on RSK network (a sidechain of Bitcoin). This way Bitcoin's value will be unlocked by lending and borrowing.

However it is ESSENTIAL that developers keep working hard and thread carefully because major flaws in the code can be fatal in this space.

[mandor]

$SOV is now available on Uniswap at an opening price of 0.0157 $ETH per $SOV

Ride TheUnicorn with Sovryn.

https://www.sovryn.app/blog/sov-is-live-on-uniswap

Contract Address: 0xbdab72602e9ad40fc6a6852caf43258113b8f7a5

How to:

https://wiki.sovryn.app/en/sovryn-dapp/uniswap

Price chart: https://www.dextools.io/app/uniswap/pair-explorer/0x127cadea890813125ca083280ab921d2220558c2

I smell that it's just started, I see new transactions started yesterday since the contract address was created. I'm glad to hear that sovryn is running not only in the RSK chain, but also in other chains. The price will stay the same right? I hope someday there will be a way to swap tokens made by the sovryn team. I want to see can it reach the cex in short time.

[Dron Pelya]

$SOV is now available on Uniswap at an opening price of 0.0157 $ETH per $SOV

Ride TheUnicorn with Sovryn.

https://www.sovryn.app/blog/sov-is-live-on-uniswap

Contract Address: 0xbdab72602e9ad40fc6a6852caf43258113b8f7a5

How to:

https://wiki.sovryn.app/en/sovryn-dapp/uniswap

Price chart: https://www.dextools.io/app/uniswap/pair-explorer/0x127cadea890813125ca083280ab921d2220558c2

I smell that it's just started, I see new transactions started yesterday since the contract address was created. I'm glad to hear that sovryn is running not only in the RSK chain, but also in other chains. The price will stay the same right? I hope someday there will be a way to swap tokens made by the sovryn team. I want to see can it reach the cex in short time.

Yes, it was pleasant to see how Sov started on Uniswap. Of corse, now price is lower then in the beginning, but it's normal, I think. Considering current market situation, the SOV price could have declined even further.