4/🌍🤝 Bitcoin-backed stablecoins like #DLLR expand use-cases for #Bitcoin, allowing users to enjoy its benefits without price volatility.
This new class of stablecoin can impact emerging economies positively, fostering financial inclusion. #cryptocurrency
5/🔄💡 Converting #SovrynDollar to Bitcoin, USD, or other stablecoins is easy. It's highly liquid, making it a perfect form of payment & diversified capital.
Low gas fees & Lightning Network integration make transactions cost-effective. #BitcoinEconomy
6/🏗️🌐 By leveraging Bitcoin's decentralized architecture, #Sovryn offers a truly censorship-resistant stablecoin that's reliable, secure & practical for real world use.
7/✨Over the last 2 years, Sovryn has become the leading Bitcoin layer-2 ecosystem. Hosting the majority of Bitcoin-native DeFi, we've processed $2B in trades & millions in lending activity.
The community of devs continue to work tirelessly to make the Bitcoin-economy a reality!
8/🪙We’ve all seen the recent bank runs that are happening more and more frequently. What if there was another way?
9/📢🧩 Be a part of the revolution and explore the #SovrynDollar today! Join a new era of stablecoin that offers true security, freedom, and financial inclusion.
Financial independence, (or self-sovereignty), is being able to take ownership of your assets and money. It’s having enough to do what you want with your time.
And no, financial independence isn’t just for the rich...
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2/ Financial sovereignty is a journey. One in which you become freer and more powerful over time, as your knowledge and toolset develops.
Bitcoin has opened the gates to a new age in which you can claim back control over your finances in a way that was previously impossible.
3/ Unlike other fiat currencies, where central issuers can print and devalue them overnight, #Bitcoin is ruled only by its code—which is protected by its community.
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.
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: