Sovryn

Sovryn is a decentralized finance (DeFi) platform built on Bitcoin that enables users to trade, lend, borrow, and earn yield in a permissionless and trustless environment. It leverages Bitcoin's security and decentralization to offer fast, low-cost transactions and introduces smart contract capabilities to Bitcoin through its BitcoinOS technology stack. Sovryn supports Bitcoin-native trading and lending with unique features such as zero-interest loans and Bitcoin-backed stablecoins, providing an alternative to traditional finance with no KYC or gatekeepers.

The platform's core features include 0% interest borrowing against Bitcoin, margin trading with low-interest loans, and earning yield by lending Bitcoin or staking the native SOV token. Sovryn Dollar (DLLR), a Bitcoin-backed stablecoin, offers users a stable asset backed by a diversified basket of Bitcoin collateral. Governance is decentralized through a DAO structure, allowing SOV token holders to participate in decision-making and protocol improvements. Sovryn also incubates BitcoinOS, a rollup stack that brings smart contract virtual machines like EVM, SolanaVM, and MoveVM to Bitcoin, unlocking new possibilities for Bitcoin-native decentralized applications.

Sovryn is designed for developers, traders, and institutions seeking to build or participate in a Bitcoin-native DeFi ecosystem. Integration requires interaction with Sovryn's smart contracts and DApps accessible via web interfaces or APIs. The platform has grown to over 60,000 unique connected wallets, with more than $143 million total value locked and $1 billion in total spot traded volume, demonstrating significant adoption. Developers can get started by exploring Sovryn's open documentation, joining community channels, and using the Sovryn DApp or testnet environments to build and test applications.