Pomp sparks debate: Has Bitcoin DeFi project Sovryn really overtaken Uniswap ...
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....
Related News
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....
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....
AscendEX, a global cryptocurrency financial platform with a comprehensive product suite, is proud to participate in Soveryn’s latest investment round. AscendEX, alongside various industry-leading investment partners, including Pomp Investments, sees the massive potential Soveryn has to become a leader in the DeFi space. Sovryn, the Bitcoin-based decentralized finance (DeFi) protocol, has agreed to a $9M […]
There has been a lot of debate around decentralized exchange Uniswap and the DeFi Education Fund (DEF). This entity received $20 million or 1 million UNI, the protocol’s native governance token, to be lobby and increase the DeFi sector level of adoption. The funds are to be liquidated in 4 to 5 years. The proposal […]
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.