[ANN] Sovryn - Brings DeFi to Bitcoin

[nimogsm]

Guys, what about SOV staking? As I understand, if I stake SOV, I will get some voting power, but not SOV. Am I right?

I understand that voting power helps me to take part in project development. But for now I would like to stake SOV and to get some assets, I could sell. Is there such possibility?

If I understood you correctly, then yes there is such an opportunity.You need to go to this section: https://live.sovryn.app/yield-farm and provide liquidity there, on this you can earn from commissions.This option should help you. Your question can be answered in more detail in the telegram group.

[shinratensei_]

Guys, what about SOV staking? As I understand, if I stake SOV, I will get some voting power, but not SOV. Am I right?

Yes you will get voting power if you're staking SOV but that if you wanna get SOV and you must have participated in the farm yield. You can read more about staking here https://wiki.sovryn.app/en/governance/staking-vesting-voting
When you're staking and you will be getting the fees.

I understand that voting power helps me to take part in project development. But for now I would like to stake SOV and to get some assets, I could sell. Is there such possibility?

There's but it must yield farming. https://live.sovryn.app/yield-farm There will always be a vesting period and you won't able to sell your coin before it got unlocked.

[nira09]

Guys, what about SOV staking? As I understand, if I stake SOV, I will get some voting power, but not SOV. Am I right?

That's right, your SOV Tokens don't increase when you stake your SOV tokens, but you get voting power and USD from profit sharing from transaction fees.

I understand that voting power helps me to take part in project development. But for now I would like to stake SOV and to get some assets, I could sell. Is there such possibility?

There is such a possibility, it's just that there are some provisions and don't apply at all times. When we staking SOV tokens we can get Airdrops when there are new projects to be launched through Sovryn, like BabelFish, Yesterday some people who staked their SOV tokens got Airdrops from BabelFish, if they qualify.

[Sovryn]

Guys, what about SOV staking? As I understand, if I stake SOV, I will get some voting power, but not SOV. Am I right?

That's right, your SOV Tokens don't increase when you stake your SOV tokens, but you get voting power and USD from profit sharing from transaction fees.

I understand that voting power helps me to take part in project development. But for now I would like to stake SOV and to get some assets, I could sell. Is there such possibility?

There is such a possibility, it's just that there are some provisions and don't apply at all times. When we staking SOV tokens we can get Airdrops when there are new projects to be launched through Sovryn, like BabelFish, Yesterday some people who staked their SOV tokens got Airdrops from BabelFish, if they qualify.

seem babelfish does not have its thread in the forum, the development is slow and very little development/awareness from it. What blockchain is the BNB on the sovryn trade? does the multichain bridge works at the moment for any coin? if it does, please share the type of coins

Having a thread is not necessary. Babelfish holding pretty well. and development is going on at its pace. 
Sovryn's mulit chain bridge is fully functional and supports BNB, ETH and almost all the stable coins in both network.

Regards

[nira09]

Guys, what about SOV staking? As I understand, if I stake SOV, I will get some voting power, but not SOV. Am I right?

That's right, your SOV Tokens don't increase when you stake your SOV tokens, but you get voting power and USD from profit sharing from transaction fees.

I understand that voting power helps me to take part in project development. But for now I would like to stake SOV and to get some assets, I could sell. Is there such possibility?

There is such a possibility, it's just that there are some provisions and don't apply at all times. When we staking SOV tokens we can get Airdrops when there are new projects to be launched through Sovryn, like BabelFish, Yesterday some people who staked their SOV tokens got Airdrops from BabelFish, if they qualify.

seem babelfish does not have its thread in the forum, the development is slow and very little development/awareness from it. What blockchain is the BNB on the sovryn trade? does the multichain bridge works at the moment for any coin? if it does, please share the type of coins

I don't think I need to answer this question since it's already been answered by Sovryn and
Jeff Brad12.
Thank you for answering well.

Important Update for Sovryn community.
Voting for SIP-0030 "Concentrating Staking Revenues" is now live, Voting will take place for 24 hours from the start of voting. So please cast your vote.

[sinedust]

new interview with Edan Yago
https://hackernoon.com/what-we-call-defi-today-will-just-be-called-finance-tomorrow?utm_source=hootsuite&utm_medium=twitter&utm_term=4b3dbedd-ba61-4b9e-9414-d4378769026a&utm_content=sovrynbtc&utm_campaign=hackernoon

[Dron Pelya]

new interview with Edan Yago
https://hackernoon.com/what-we-call-defi-today-will-just-be-called-finance-tomorrow?utm_source=hootsuite&utm_medium=twitter&utm_term=4b3dbedd-ba61-4b9e-9414-d4378769026a&utm_content=sovrynbtc&utm_campaign=hackernoon

Interesting article. Edan Yago explained the main things and advantages of Sovryn with easy words. Waiting for further stages of Sovryn development impatiently.

[koang]

People getting bearish and selling, good time to buy

The project is running and live for only 7/8 months.
Look what Sovryn has achieved already and what is in the pipeline.
I think we can see $60/SOV by the end of the year. IMO

[nira09]

People getting bearish and selling, good time to buy

The project is running and live for only 7/8 months.
Look what Sovryn has achieved already and what is in the pipeline.
I think we can see $60/SOV by the end of the year. IMO

Yes, I think Sovryn will start an uptrend soon. Sovryn has had enough corrections and has been on the low for quite a while.
Don't forget to cast your vote in SIP-0035: ORIGINS AS A SUBPROTOCOL. If this SIP is realized it will have a big impact on demand and interest in SOV tokens.

Read more here

[koang]

The community supports the Origins Subprotocol!

SIP-0035 has passed with 99.99% in favor of the terms set out in the SIP
Origins are going for an independent road as a new Sovryn Subprotocol!

[UmerIdrees]

People getting bearish and selling, good time to buy

The project is running and live for only 7/8 months.
Look what Sovryn has achieved already and what is in the pipeline.
I think we can see $60/SOV by the end of the year. IMO

The current price of Sovryn is around 23$ and i am interested to invest some amount in this project. Can you tell me from where i can buy this coin and would it be worth  a long term investment ?
Also i would like to know how and where we can do staking of Sovryn ?

Buying from https://live.sovryn.app/ will save the tx fees ?

[Dron Pelya]

People getting bearish and selling, good time to buy

The project is running and live for only 7/8 months.
Look what Sovryn has achieved already and what is in the pipeline.
I think we can see $60/SOV by the end of the year. IMO

The current price of Sovryn is around 23$ and i am interested to invest some amount in this project. Can you tell me from where i can buy this coin and would it be worth  a long term investment ?
Also i would like to know how and where we can do staking of Sovryn ?

Buying from https://live.sovryn.app/ will save the tx fees ?

You can find all possible way to buy SOV in coinmarketcap for example. The most high volume of SOV trading is on Gate.io, KuCoin, Uniswap. If you buy SOV on sovryn.app, you will pay fee in BTC.

[koang]

The current price of Sovryn is around 23$ and i am interested to invest some amount in this project. Can you tell me from where i can buy this coin and would it be worth  a long term investment ?
Also i would like to know how and where we can do staking of Sovryn ?

Buying from https://live.sovryn.app/ will save the tx fees ?

Pomp Investments is an early investor in this project ($10M)

If you're interested in learning about Sovryn and the ideas behind decentralized finance on bitcoin.
Getting Started, check here:
https://wiki.sovryn.app/en/getting-started/getting-started-index

[koang]

Mynt is a protocol in which various Bitcoin-backed stable coins can be deposited and held by the contract, which will mint the aggregated stable coin MYNT.

Sale Begins at 15:00 UTC 08-11-2021, Ends in 7 days!
Price : 100 MYNT = 1 SOV
Accepted assets to participate in the sale: SOV, rBTC, XUSD, ETHs, BNBs

Anyone buying during the available period will be getting tokens at the same rate!

[UmerIdrees]

Mynt is a protocol in which various Bitcoin-backed stable coins can be deposited and held by the contract, which will mint the aggregated stable coin MYNT.

Sale Begins at 15:00 UTC 08-11-2021, Ends in 7 days!
Price : 100 MYNT = 1 SOV
Accepted assets to participate in the sale: SOV, rBTC, XUSD, ETHs, BNBs

Anyone buying during the available period will be getting tokens at the same rate!

Where can we buy this MYNT token ? Is it worth the buying it with Sovryn or its better to keep our SOV tokens ?
Once the sale has ended, where the MYNT token will be traded ? Do we have any bounty or airdrop for MYNT token ?

[koang]

Where can we buy this MYNT token ? Is it worth the buying it with Sovryn or its better to keep our SOV tokens ?
Once the sale has ended, where the MYNT token will be traded ? Do we have any bounty or airdrop for MYNT token ?

Go to Origins Launchpad, in the next 7 days, you can purchase 100 MYNT for 1 SOV.
https://live.sovryn.app/origins

MYNT stakers would play an important role in the Sovryn ecosystem by setting the collateralization standards required of BTC-stability protocols for inclusion in the Mynt. DYOR
Get all the details:
https://www.sovryn.app/blog/mynt-token-presale-is-officially-live

[nira09]

Good news for the Sovryn community!!!

Sovryn announced that LNSOV Bridge is now available on mainnet!
The LNSOV bridge allows users to complete trustless exchanges between RBTC and LN-BTC. You can do this at https://lnsov.vercel.app/ without having to use a centralized exchange or third-party service provider, which means the only person you need to trust is yourself.

https://www.sovryn.app/blog/lnsov-bridge-is-live-on-mainnet

[koang]

LNSOV Bridge is LIVE on Mainnet!

The bridge is a way to swap RBTC <> BTC without using any third-party services or centralized exchanges.
This also means no personal information is necessary, as there's no middleman involved in the process
of completing your transaction with another user.
Read here:
https://www.sovryn.app/blog/lnsov-bridge-is-live-on-mainnet

[UmerIdrees]

Where can we buy this MYNT token ? Is it worth the buying it with Sovryn or its better to keep our SOV tokens ?
Once the sale has ended, where the MYNT token will be traded ? Do we have any bounty or airdrop for MYNT token ?

Go to Origins Launchpad, in the next 7 days, you can purchase 100 MYNT for 1 SOV.
https://live.sovryn.app/origins

MYNT stakers would play an important role in the Sovryn ecosystem by setting the collateralization standards required of BTC-stability protocols for inclusion in the Mynt. DYOR
Get all the details:
https://www.sovryn.app/blog/mynt-token-presale-is-officially-live

I have participated in this event and bought MYNT. When it will be ready for trading  ? Any update on MYNT will be appreatied.

Secondly SOV prices are dumping very hard in last few days. I can understand that whole market is bleeding but due to strong Sovryn ecosystem , it should have sustain.

[Dron Pelya]

Where can we buy this MYNT token ? Is it worth the buying it with Sovryn or its better to keep our SOV tokens ?
Once the sale has ended, where the MYNT token will be traded ? Do we have any bounty or airdrop for MYNT token ?

Go to Origins Launchpad, in the next 7 days, you can purchase 100 MYNT for 1 SOV.
https://live.sovryn.app/origins

MYNT stakers would play an important role in the Sovryn ecosystem by setting the collateralization standards required of BTC-stability protocols for inclusion in the Mynt. DYOR
Get all the details:
https://www.sovryn.app/blog/mynt-token-presale-is-officially-live

I have participated in this event and bought MYNT. When it will be ready for trading  ? Any update on MYNT will be appreatied.

Secondly SOV prices are dumping very hard in last few days. I can understand that whole market is bleeding but due to strong Sovryn ecosystem , it should have sustain.

There is no information about trading MYNT. But they wrote in blog, that MYNT stakers would be in a position to benefit from fees generated by the Sovryn Mynt. That's why we will be able to use MYNT inside sovryn platform.