Sovryn Origins Harnesses The Power Of Community Engagement With New Token
The Bitcoin network debuted in 2009 and introduced an asset class the world had never before seen, and some have branded bitcoin’s launch as the beginning of decentralized finance (DeFi). However, the decentralized applications (dApps) that are most associated with DeFi services were developed on other chains. Bitcoin was a major breakthrough for technology, but its programming didn’t allow for the possibility of running dApps on its network when it first launched. Recently, the integration of a sidechain like Rootstock has brought smart contract and dApp functionality to Bitcoin, and this....
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PRESS RELEASE. AscendEX is thrilled to announce the listing of the Sovryn token (SOV) under the trading pair USDT/SOV on Sept. 15 at 1 p.m. UTC. Sovryn is a Bitcoin-based decentralized finance (DeFi) protocol launched in early 2020. The Sovryn platform provides the tools to trade, lend, and leverage Bitcoin and other assets permissionlessly, secured by the Bitcoin Blockchain with minimal gas fees. Their platform features a trading interface uniquely designed for Bitcoin-native DeFi users with no transaction limits and support for multiple assets to trade. Sovryn aims to connect Bitcoin....
Analysts are arguing whether the RSK-based Bitcoin money market, Sovryn, has a TVL of $52 million ... or $2 billion. Sovryn, a BTC money market protocol built on Bitcoin-based smart contract platform RSK, recently appeared to be shooting up through the decentralized finance rankings.On June 9, Bitcoin commentator, Anthony Pompliano, shared data to his one million followers from decentralized finance data aggregator, DeFi Llama, indicating the protocol had amassed a total value locked (TVL) of $1.95 billion — ranking it 14th for the sector and beating out DeFi darling Uniswap v3.Sovryn has....
Edan Yago of the Sovryn projects joins the "Bitcoin Magazine Podcast" to discuss building decentralized infrastructure for Bitcoin. The post Interview: Sovryn Bitcoin With Edan Yago appeared first on Bitcoin Magazine.
A new platform has launched for decentralized margin trading – and it’s not on Ethereum. Sovryn has debuted its options trading platform on Bitcoin smart contract network RSK, bringing decentralized swaps straight to the Bitcoin community. The move signals a shift in the pendulum that has seen much of the onchain BTC trading gravitate to […]
The Waves platform has announced the launch of a new token called the Waves Community Token (WCT). The launch is a part of its recently introduced Custom Application Token (CAT) facility on the mainnet. These new token will be distributed after January 15, 2017. The intention behind the launch of the new token is community-based KYC/screening of new assets. The new token distribution will enable Waves to foster community engagement in the next nine months. Initially, 20 percent of the WCTs will be distributed across all existing Waves wallet addresses based on their average WAVES balance....