[ANN] Sovryn Bitocracy Brings DeFi to Bitcoin

[lolxxxx]

The Sovryn community is pleased to introduce SOV, a risk-bearing governance token that enables people to participate in the Sovryn Bitocracy. SOV will become available to the public through a Homecoming Sale.



Visit our Website: https://token.sovryn.app/?mtm_campaign=forum.bitcoin

Sovryn is a Fullstack Financial Operating System providing the entire world with a transparent, open, and incorruptible financial solution. It is decentralized, borderless, and able to operate on a global scale. CORE FEATURES OF THE SOVRYN PROTOCOL INCLUDE:

• SPOT EXCHANGE with low cost, low slippage transactions, and AMM for instant token trades.

• MARGIN TRADING up to 5x allowing users to borrow leverage from the lending pool.

• LENDING with flexible, high-yield returns with no minimum deposit or lock-up period.

• BITCOIN-BACKED STABLECOINS provides a scalable solution for day-to-day payments.

DEFI MARKETS GREW BY 982% IN 2020!
Massive interest in first-generation Defi platforms has sealed the industry’s fate. But to scale, layer-2 technologies are needed to ease the costs of transactions, remove the friction between blockchains, and utilize Bitcoin as the reserve asset that underpins the new financial operating system. The SOV Token is a risk-bearing governance token, not an altcoin.

• SOV allows members of Sovryn Bitocracy to earn voting rights weighted by the length of staking time. Revenues generated by the system are distributed on an ongoing basis to those actively participating in governance, in relation to their voting weight.

• SOV provides risk coverage for the protocol by acting as a pool of staked value that can be burned, redistributed or inflated to prevent and offset losses that might occur.

• The Sovryn DeFi platform is a revenue-generating business upheld by its governing SOV stakeholders. This includes fees from swapping, lending, borrowing, leveraging, and all future fees collected by new additional features introduced by Sovryn.

Sovryn’s Bitcoin-native protocol advances financial sovereignty in a way that aligns with Satoshi Nakamoto’s vision of a trustless, censorship-resistant, and peer-to-peer system of money. The founding team created the platform by expanding on proven technological advancements from Ethereum-based DeFi applications while improving on the known risk elements. The end result is a self-sustaining platform for trading, leveraging and lending that runs on a Bitcoin sidechain, with incentives for long-term growth hard-coded in. The Sovryn team is made up of OG Bitcoiners and a global mix of dedicated developers, entrepreneurs and creators who believe in full financial sovereignty. Their mission is to expand on Satoshi Nakamoto’s vision of a financial system free from corruption and hard coded to be secure, private, and beneficial for all. Come in and say hello: JOIN OUR DISCORD: https://discord.gg/J22WS6z
TELEGRAM : https://t.me/SovrynBitcoin

Sovryn is a Fullstack Financial OS to provide the entire world with a transparent, open, and incorruptible financial solution. It is decentralized, borderless, and able to operate on a global scale.
WHY SOVRYN WILL SUCCEED? Four major trends have developed over the last few years to create a perfect storm of the urgent need for a system like Sovryn.
Visit our Website: https://token.sovryn.app/?mtm_campaign=forum.bitcoin

[Nilar]

Rare slippage sounds good.
But in fact it is rarely realized in practice.

[Arataur]

Attractive conditions. I'm already looking forward to the actual reviews.