[ANN] Sovryn - Brings DeFi to Bitcoin

[koang]

Five Amazing Benefits of Staking SOV

Decision-making power, earning rewards, and establishing true financial sovereignty, all require one simple action!
Staking SOV could be one of the best decisions you ever made, and we believe these 5 benefits will help you decide with ease
Read more: https://www.sovryn.app/blog/five-amazing-benefits-of-staking-sov

[Dron Pelya]

Five Amazing Benefits of Staking SOV

Decision-making power, earning rewards, and establishing true financial sovereignty, all require one simple action!
Staking SOV could be one of the best decisions you ever made, and we believe these 5 benefits will help you decide with ease
Read more: https://www.sovryn.app/blog/five-amazing-benefits-of-staking-sov

If I understood correctly, SOV stakers could be rewarded MYNT or ZERO. But I wonder, if there is any minimal time limit for staking SOV in order to get reward.

[Unbunplease]

Now developers working on another update of the converters, so the protocol fee is considered as part of the conversion fee. This will grant the same fee split functionality and solve the rateByPath problem without requiring a replacement of the SovrynSwapNetwork Contract. Read more -
 https://t.me/SovrynAnnouncements/642

[koang]

If I understood correctly, SOV stakers could be rewarded MYNT or ZERO. But I wonder, if there is any minimal time limit for staking SOV in order to get reward.

As far as I know, the minimum staking period is two weeks
You are locking your SOV to the contract for a specific time, there is a penalty for early unstaking and With SOV staked, Stakers will be eligible for the airdrops of Mynt, Zero, and OG.
But until now there has been no confirmed date about when the launch of Mynt.

To claim the reward, staking calculator, and staking fees
you can see it on wiki.sovryn or ask on the Tele group
https://wiki.sovryn.app/en/sovryn-dapp/sovryn-rewards-explained
https://t.me/SovrynBitcoin

[Dron Pelya]

If I understood correctly, SOV stakers could be rewarded MYNT or ZERO. But I wonder, if there is any minimal time limit for staking SOV in order to get reward.

As far as I know, the minimum staking period is two weeks
You are locking your SOV to the contract for a specific time, there is a penalty for early unstaking and With SOV staked, Stakers will be eligible for the airdrops of Mynt, Zero, and OG.
But until now there has been no confirmed date about when the launch of Mynt.

To claim the reward, staking calculator, and staking fees
you can see it on wiki.sovryn or ask on the Tele group
https://wiki.sovryn.app/en/sovryn-dapp/sovryn-rewards-explained
https://t.me/SovrynBitcoin

Thanks for information))

I've found out that Sovryn is going to make 2 bonus airdrops for Mynt early adopters. It means that all RSK addresses that are holding MYNT or providing liquidity to the MYNT/RBTC AMM pool will be included in the bonus airdrop. Snapshots will be made on January 3, 2022 and on February 3, 2022.

[koang]

Sovryn Perpetual Futures Trading Competition

Our week-long perpetual futures trading competition is well underway.
So far, 270+ participants are battling it out to win a share in the $10k SOV prize!

The contest starts this Tuesday, February 15th at 10 am UTC
Winners will be announced on 23rd of February at 14:00UTC on the competition website.
https://www.sovryn.app/blog/announcing-sovryn-perpetual-futures-trading-competition

Sign up on the competition page for full instructions!
https://www.sovryn.app/perp-comp

Best of luck, and stay Sovryn!

[koang]

Bitcoin Innovation Virtual Summit!

Building on Bitcoin: Different Perspectives
The world is gradually waking up to the need for Bitcoin and innovation in the space is thriving.

The dream of a Bitcoin bedrock for applications has inspired a wave of different approaches.

We’re super excited to announce that Sovryn core contributor Edan Yago is speaking today at the Bitcoin Innovation Virtual Summit!
6:20pm-7:00pm UTC

Register for the event:
https://hopin.com/events/bitcoin-innovation-virtual-summit

[koang]

Sovryn Mayhem!

The Sovryn Wallet app is now collecting feedback as part of the Sovryn Mayhem event!

We will be giving away 300 $SOV ($1000) for the best feedback about the Mobile Wallet app prototype built by Defray Labs

Sovryn will pick 3 winners that will receive 100 $SOV each.
The better the feedback the higher your chances of winning
Submit your feedback as a comment in the Sovryn Forum.
Final submissions on the 13th of March at 10 pm UTC (Sunday)

https://forum.sovryn.app/t/sovryn-wallet-sovryn-mayhem/2280

[koang]

$1M Bug Bounty Update

We have updated our bug bounty program on Immunefi.
We also:
-Added FastBTC
-Increased the bounties for bridges
-Perpetual Swaps will be added as soon as the audit is complete

The Sovryn bug bounty program was initially submitted as Sovryn Improvement Proposal 8 and was approved on February 26 with 100% consensus.
It is focused on its smart contracts and the prevention of loss of user funds.

Check it out:
https://immunefi.com/bounty/sovryn/

[koang]

PARTNERSHIP ANNOUNCEMENT

We are delighted to announce our latest collaborative partnership with BlinDEX!
BlinDEX will be collaborating with Sovryn in a number of ways in the near future.

As more and more projects build on or use the Sovryn infrastructure,
The Sovryn ecosystem is thriving and the whole ecosystem becomes more robust and decentralized
https://www.sovryn.app/blog/partnership-announcement-welcome-blindex

[royalfestus]

can someone share the twitter page of this porject? if there is any.

[koang]

can someone share the twitter page of this porject? if there is any.

The following is a list of Sovryn Official Communication Channels:
Twitter: https://twitter.com/SovrynBTC
Github: https://github.com/DistributedCollective
Ann Telegram Group: https://t.me/SovrynAnnouncements
Community Telegram Group: https://t.me/SovrynBitcoin
DOJO Telegram Group: https://t.me/sovryncommunity
Forum: https://forum.sovryn.app/
Discord: https://discord.gg/sovrynbtc
Instagram: https://www.instagram.com/sovrynbtc/
Youtube: https://www.youtube.com/channel/UCzMk0lOf3pFOg_9PgnafdNQ

And everything you need to know about the Sovryn decentralized trading and lending platform, You can find it on the Sovryn Wiki:
https://wiki.sovryn.app/en/home

[koang]

The new strategy  Sovryn Adoption:  Operation Champion

Sovryn has been delivering updates and shipping products at a remarkable rate.
The project is so good it deserves way more attention.
Sovryn ‘marketing’ currently sucks. This is inexcusable and must change now.
https://forum.sovryn.app/t/sovryn-marketing-sucks-that-ends-now/2335


SIP-0042: Staking Security Update

Passed with 99.09% of the votes being in favour of improving the security of our Staking contract.

Read this blog post for more information:
https://www.sovryn.app/blog/sip-0042-goes-to-vote-staking-security-update

[bitcoin_user]

Is it possible to borrow fiat? I only see xUSD, rBTC, SOV.

[koang]

SIP-0044 Now LIVE in the Sovryn Bitocracy!

Over the last month, Bitocracy has passed two proposals - SIP-0042 and SIP-0043 -
in order to resolve vulnerabilities in the Staking Contract, detected by our Immunefi Bug Bounty.

SIP-0044 looks to finalize these fixes by resolving the root cause that enabled the vulnerabilities to occur.

Vote here: https://bitocracy.sovryn.app

Read more:
https://www.sovryn.app/blog/sip-0044-is-live-staking-contract-hardening-against-multiple-attack-vectors
Staking contract hardening against multiple attack vectors

[the rise]

I am very surprised by the current price of SOV tokens, when it fell very rapidly, I bought it first at a price of $ 14.2 for a long time I did not see developments and did not monitor hoping it would increase much more, this is the opposite as expected 

[koang]

MYNT Bonding Curve UI launches on Sovryn Labs

The MYNT bonding curve app is now live on Mainnet!
You can trade SOV/MYNT directly using the bonding curve UI.

Sovryn Mynt is an aggregator protocol for BTC-backed stable coins.
MYNT is the governance token of the Sovryn Mynt treasury.
At a technical level, MYNT is a continuous token that is backed by SOV using a bonding curve smart contract.

https://www.sovryn.app/blog/mynt-bonding-curve-ui-launches-on-sovryn-labs

[terciduk123]

I am very surprised by the current price of SOV tokens, when it fell very rapidly, I bought it first at a price of $ 14.2 for a long time I did not see developments and did not monitor hoping it would increase much more, this is the opposite as expected 

I also didn't think the price of SOV tokens would drop this much, however this is not the case for SOV tokens alone, but for many Altcoins.
Most importantly Sovryn development team is still working well, so we can be patient waiting for the market to improve. Buying it again now can also be a solution to reduce losses

[the rise]

I am very surprised by the current price of SOV tokens, when it fell very rapidly, I bought it first at a price of $ 14.2 for a long time I did not see developments and did not monitor hoping it would increase much more, this is the opposite as expected 

I also didn't think the price of SOV tokens would drop this much, however this is not the case for SOV tokens alone, but for many Altcoins.
Most importantly Sovryn development team is still working well, so we can be patient waiting for the market to improve. Buying it again now can also be a solution to reduce losses

yes maybe buying now to increase the number of sovrn tokens can be a solution I also hope that the sovryn platform can continue to work and develop, it can increase again in terms of price and users

[koang]

yes maybe buying now to increase the number of sovrn tokens can be a solution I also hope that the sovryn platform can continue to work and develop, it can increase again in terms of price and users

Nice price for accumulate more...
And I guess we will not see dumping like before, those who are selling today will realize the mistake.
Those who dump are getting smarter now

All the weak hands got shook out already, nobody left to sell
Accumulate more before people realize the sale price.