Sovryn is tackling the biggest untapped opportunity in DeFI - building a decntralized financial and economic system around Bitcoin
#Bitcoin has the largest userbase, the most institutional buy-in, the deepest liquidity and is the only digital asset that can even be used by countries.
BTC is used by ordinary people around the world for remittance, cross-border trade and as a savings account (eg. Argentina).
#BTC also has the most hardcore community, interested in decentralization and removing middle-men.
Bitcoin is the best possible asset for DeFi, yet it hasn't tapped its potential.
Sovryn changes this.
Sovryn is a community built extension of the capabilities of Bitcoin that creates an entire economic system without middle-men:
Lending, trading, leverage, derivatives, Bitcoin-backed stablecoins - the whole thing.
Sovryn already has all this despite being only a few months old, as is already the fastest growing part of the Bitcoin DeFi ecosystem.
Why? Because it has a dedicated community and an inspiring mission.
SOV will be publicly tradable for the first time on Tuesday April 13th, exclusively on the Sovryn platform.
At the same time the SOV/BTC liquidity pool will open giving you the chance to take part in our biggest Liquidity Provision giveaway yet.
Here's how you get in.
We expect substantial demand for trading SOV and advise you to bring crypto on to the platform early to ensure you are able to participate. Try our FastBTC feature to quickly convert BTC into rBTC in a few clicks, or check out our new fiatlord on-ramp using @transak_finance .
75k SOV are up for grabs to users who deposit SOV and BTC to the SOV/BTC pool starting next week. The promotion will run for 30 days with rewards weighted to early depositors.
Step by step guide by @Levinblox on how to add liquidity to our pools: