Put Your Crypto to Work

on the largest and fastest-growing layer in Bitcoin’s ecosystem

Trade

Buy, sell, and swap Bitcoin directly from your wallet while never giving up your keys

Lend

Flexible, high-yield returns - No minimum deposit, no lock-up period, withdraw anytime

Borrow

Borrow against your RBTC, XUSD or SOV on completely non-custodial platform

Yield Farm

Provide liquidity to a single-sided or double-sided liquidity pool to earn yield on your bitcoin

Margin Trade

Leverage your RBTC up to 5x long to maximise NgU technology

Stake

Participate in building a financial OS for RBTC by staking $SOV to earn fees and voting rights

Sovryn is Expanding the Bitcoin Metaverse

Build Bitcoin history with us.

Earn More Bitcoin, Securely

Constant Audits

Sovryn undergoes ongoing security audits from multiple auditors and maintains a a $1M Bug Bounty program

Secure oracles

Sovryn will continuously add secure oracles for greater decentralization

Insurance fund

The insurance fund will protect against undercollateralized loans (coming soon)

Open source

As one of the founding principles of defi, we’re committed to interoperability and the development of open-source code

Blackpaper

Vision, mission and future of the Sovryn project

Wiki

All you need to know about Sovryn platform

Blog

News, announcements and more in the Sovryn blog

F.A.Q

Your most common questions, answered.

What is Sovryn?
Sovryn is a non-custodial and permissionless smart contract-based system for Bitcoin lending, borrowing and margin trading. There is no single company, organisation or individual that represents or controls the Sovryn protocol.
Find out more by reading our black paper here
What smart contract platform is Sovryn built on?
Sovryn is an on-chain decentralised protocol deployed on the Bitcoin sidechain, RSK. RSK is a Bitcoin layer 2 smart contract protocol.
Learn more about RSK here
Isn’t the Bitcoin blockchain slow?
Since Sovryn is built on RSK (a Bitcoin side chain), it benefits from lower block times which average 30 seconds compared to the Bitcoin average block time of 10 minutes.
How is Bitcoin on RSK different from Bitcoin on Ethereum?
Bitcoin on RSK has decisive advantages over tokenized Bitcoin on Ethereum (such as wBTC, renBTC):
- RSK is not a competing chain, it is Bitcoin Layer 2.
- RSK is Bitcoin native. You don’t need any other token other than bitcoin to use it and all fees are paid in bitcoin. This is the first DeFi dApp where Bitcoin is the only “gas” you need to power it. This reduces the user friction of buying an altcoin so you can trade another.
- RSK is non-custodial. It is not an IOU (like WBTC) and maintains censorship- resistance. tBTC is also non-custodial, but is very expensive to make the conversion - and is likely to get more expensive in their new model (higher collateralization ratios). More generally, fees are much lower on RSK than on Ethereum.
- RSK is secured by Bitcoin PoW, no need to understand or trust a different model. No need to be concerned that Bitcoin value on Ethereum could exceed ETH value.
- BTC has the advantage of being the base asset on RSK. The loan to collateral ratios Sovryn will offer will be far superior to what is being offered for tokenized Bitcoin on Ethereum.
- With the FastBTC relay, it is faster, cheaper and easier to move Bitcoin onto RSK than any of the Ethereum BTC-tokens. This alone is a 10X improvement. This will also be integrated with the lightning network, which is important to many Bitcoiners.
What features does Sovryn offer?
- Spot-Exchange - a low cost, low-slippage, AMM allowing instant trades between tokens.
  
  Margin Trading - Creates up to 5X long/short trades, allowing users to borrow leverage from the lending pool.
- Lending Pool - Allows HODLers to earn interest by lending tokens to margin traders and borrowers.
- FastBTC Relay - Allows use of Bitcoin almost instantly with smart contracts and decentralized products, from any Bitcoin wallet.
- Borrow - Allows users and smart contracts to borrow tokens from the lending pool. All lending is over-collateralized.
- Perpetual Swaps - BTC backed perpetual swaps allow trades with up to 20X leverage. (coming soon)
- Bitcoin-backed Stablecoin - users can use a USD-pegged token, backed by overcollateralized Bitcoin. (coming soon)

go to dapp

Better DeFi, on Bitcoin