Better DeFi, on Bitcoin

True to Satoshi’s vision, we’re building decentralized finance on Bitcoin — with no central authority — where you’ll always be in control of your keys.

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“I continue to say it, the most mispriced opportunity of all of the crypto industry is DeFi on Bitcoin... my guess is 12 to 24 months from now we’re talking about Sovryn as one of the largest DeFi platforms in the world.”

-Anthony Pompliano

“I continue to say it, the most mispriced opportunity of all of the crypto industry is DeFi on Bitcoin... my guess is 12 to 24 months from now we’re talking about Sovryn as one of the largest DeFi platforms in the world.”

-Anthony Pompliano

“I continue to say it, the most mispriced opportunity of all of the crypto industry is DeFi on Bitcoin... my guess is 12 to 24 months from now we’re talking about Sovryn as one of the largest DeFi platforms in the world.”

-Anthony Pompliano

Put Your Crypto to Work

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

1

Trade

Buy, sell, and swap Bitcoin directly from your wallet without giving up your keys.

2

Lend

Lend your assets for flexible, high-yield returns - No minimum deposit, no lock-up period, withdraw anytime.

3

Borrow

Borrow against your BTC, xUSD or SOV on a completely non-custodial platform.

4

Yield Farm

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

5

Margin Trade

Leverage your Bitcoin up to 5x long to maximise NgU technology.

6

Stake

Participate in building the financial OS for Bitcoin by staking $SOV to earn fee rewards and voting rights.

Sovryn Is Expanding the Bitcoin Ecosystem

Build Bitcoin history with us.

Earn More Bitcoin, Securely

Constant Audits

Sovryn undergoes ongoing security audits from multiple auditors and maintains a bug bounty.

Secure Oracles

Sovryn plans to continue adding secure oracles for even greater decentralization.

Merged Mined

The Sovryn smart contracts are secured by Bitcoin Proof of Work decentralized consensus mechanism.

Open Source

The Sovryn team is committed to interoperability and the development of open source code, a fundamental principle of DeFi.

1

Blog

News, announcements and more in the Sovryn blog

2

Wiki

All you need to know about the Sovryn platform

3

Blackpaper

Vision, mission and future of the Sovryn project

Recent Posts

Circle of Tokens Proposal to Reduce Emissions

Read about the Circle of Token's second proposal...

An Introduction to Zero

John Light Explains the Zero Waitlist

June 2022 Release Notes: Quality of Life improvements… and more!

Check out our June 2022 release notes!

If Bitcoin Is Magic Internet Money, Zero Is Magic Internet Borrowing

A 0% loan. What's the catch?

FAQ

Your most common questions, answered. Missing something? Ask us here.

What is Sovryn?
Sovryn is a non-custodial and permissionless smart contract-based system for Bitcoin lending, borrowing and margin trading. No single company, organization or individual represents or controls the Sovryn protocol. Find out more by reading our black paper.
What smart contract platform is Sovryn built on?
Sovryn is an on-chain decentralized protocol deployed on the Bitcoin sidechain RSK. RSK is a Bitcoin layer-2 smart contract protocol. Learn more about RSK.
Isn’t the Bitcoin blockchain slow?
Since Sovryn is built on RSK (a Bitcoin sidechain), it benefits from lower block times which average 30 seconds compared to the Bitcoin average block time of 10 minutes.
What features does Sovryn offer?
- Spot Exchange - a low cost, low-slippage, AMM allowing instant trades between tokens

- Margin Trading - up to 5X long/short trades, allowing users to borrow leverage from the lending pool

- Lending Pool - interest earned by HODLers lending tokens to margin traders and borrowers

- FastBTC Relay - near-instant use of Bitcoin with smart contracts and decentralized products, from any Bitcoin wallet

- Borrow - funds available for borrowing by users and smart contracts with over-collateralized lending from the lending pool

- Perpetual Swaps - trades with up to 20X leverage using BTC-backed perpetual swaps (coming soon)

- Bitcoin-backed Stablecoin - USD-pegged token backed by overcollateralized Bitcoin (coming soon)
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 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 total Bitcoin value on Ethereum could exceed total 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, moving BTC onto RSK is faster, cheaper and easier than moving BTC to any of the Ethereum BTC-tokens. This alone is a 10X improvement. This process will also be integrated with the Lightning Network, which is important to many Bitcoiners.