Article Summary, Automatically Generated By AI
About Sovryn Summary
- Sovryn is a non-custodial and permissionless smart contract-based system.
- It enables Bitcoin lending, borrowing, and margin trading.
- Sovryn is a DeFi platform for Bitcoiners.
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It has been live on RSK mainnet for roughly
6 months
. - Users can trade Bitcoin natively and permissionless on a decentralized application.
About Sovryn
Sovryn is a decentralized, open-source, and community-driven Bitcoin-based protocol, meticulously designed to provide a robust, decentralized, and trustless infrastructure for lending, borrowing, and trading.
Sovryn is a decentralized, non-custodial, and permissionless smart contract-based ecosystem, facilitating Bitcoin lending, borrowing, and margin trading. As a DeFi platform tailored to the Bitcoin community, Sovryn has been operational on the RSK mainnet for approximately six months, enabling users to trade Bitcoin natively and permissionlessly on a decentralized application. By eliminating the need to trust a centralized entity or acquire an altcoin, Sovryn empowers users to trade Bitcoin and fuel the system with Bitcoin itself. #ThisIsHowWeSovryn