by Sovryn
Quick Fact
Within three years of its 2020 launch, Sovryn secured $10 M in Bitcoin-denominated presales, raised a total of $29 M (including a $5.4 M round approved by DAO vote), and established a $1.2 M bug bounty program—underscoring its emphasis on decentralization, community governance, and security.
Sovryn is a decentralized finance (DeFi) protocol built to bring Bitcoin to the center of the Web3 financial stack. Operating on the Rootstock (RSK) sidechain and the BOB hybrid rollup, Sovryn enables a permissionless, Bitcoin-secured ecosystem for lending, borrowing, trading, and stablecoins—without the need for intermediaries or custodians.
Governed by a fully on-chain DAO and powered by RBTC (Bitcoin pegged 1:1 on Rootstock), Sovryn represents the most comprehensive and Bitcoin-aligned DeFi platform to date.
Sovryn offers a complete suite of decentralized financial tools that operate natively with Bitcoin:
Non-Custodial Lending & Borrowing Users can supply or borrow assets with fixed or variable interest rates, using BTC or RBTC as collateral.
Spot & Margin Trading A trustless trading engine allows up to 5x leverage on BTC and other crypto assets, using pooled liquidity.
Stablecoins & Zero-Interest Loans Sovryn’s DLLR is a decentralized, dollar-pegged stablecoin backed by Bitcoin. Its Zero protocol enables 0% interest loans with minimal collateral requirements.
Yield Strategies Users can earn yields via liquidity provision, stability pools, and lending vaults, all secured by smart contracts audited by top-tier firms.
Sovryn is not a generalized DeFi protocol ported to Bitcoin—it is purpose-built for the Bitcoin ethos. It uses:
RSK – A smart contract sidechain secured by Bitcoin miners via merged mining.
BOB – A hybrid Layer 2 rollup leveraging zero-knowledge proofs and Bitcoin finality.
FastBTC Relay – A fast, non-custodial BTC-to-RBTC bridge developed and maintained by Sovryn contributors.
Interoperability Bridges – Including Wormhole and others, allowing asset flow from Ethereum, BNB Chain, Polygon, and more.
While most DeFi activity exists on Ethereum and EVM chains, Sovryn offers a compelling alternative: a trustless, censorship-resistant financial system that leverages Bitcoin’s security model and sound money principles. Its infrastructure is battle-tested, its DAO is operational, and its stablecoin and lending tools give Bitcoin new financial utility without requiring custody or wrapped tokens.
Sovryn is not just building DeFi for Bitcoin — it is building DeFi as Bitcoin.