Margin Trading Updates
Thanks to you Margin Trading just got a whole lot better!Read More
First there was Bitcoin, the birth-star of crypo-economic civilization. This civilization birthed many child-civilizations that spread out across the crypto-galaxy. These offshoots were cut off from the mother-system until the invention of bridges - wormholes allowing fast travel between systems.
Meanwhile, orbiting the Bitcoin mother-star, the Sovryns constructed a technologically advanced Ringworld. To reconnect the child-systems with the Bitcoin homeworld, the Sovryns, constructed bridges. Now a bridge to perhaps the most important child-system, Ethereum, was ready. The time had come to bind the entire crypto-galaxy together once more, with Bitcoin at its core.
Allowing SOV (eSOV) to trade on Uniswap (and other Ethereum dapps) will open Sovryn up to a much larger audience, bringing greater awareness of the project. It will bridge Sovryn with the Ethereum community and ecosystem.
Transferring funds over the bridge to Ethereum can be extremely expensive due to Ethereum gas fees. Interacting with the Uniswap contract is similarly expensive. To avoid subjecting Sovryn users to these costs, while still enabling them to provide incentivized liquidity to Uniswap, we propose a contract to aggregate provided funds into one transaction.
Funds will be deposited into a Sovryn escrow account, allowing Sovryns to contribute SOV in advance. Funds will then be bridged to Uniswap and a trading pool initiated.
The SOV contributors will be able to earn 60% APY or more.