[ANN] Sovryn - Brings DeFi to Bitcoin - page 8.

NotHatinJustTrollin

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The $XUSD / $BTC pool has launched, get ready for another incredible $SOV yield!

https://www.sovryn.app/blog/xusd-go-brrrrr

Stablecoins that are bridged to Sovryn are aggregated and returned as XUSD, enabling Sovryn users to deposit any compatible stablecoin of their choosing and receive XUSD, which is always convertible 1:1 back to all of the dollar-pegged counterparts. This means one can deposit USDT (ethereum) -> XUSD, and withdraw XUSD -> BUSD (binance), or any of the aggregated stablecoins. Streamlining stablecoins in this manner will allow Sovryn to maximise the liquidity brought onto the system and offer a smooth user experience without clutter.

To make all of this possible, we’re thrilled to announce that the XUSD-BTC pool is now live! This pool allows Sovryns who have already bridged their stablecoins to trade them against BTC - which in turn means you can now swap XUSD with any other token on Sovryn! Not only that, but we look forward to the upgrade that Babelfish will bring where XUSD will eventually aggregate and represent stablecoins from many different chains.

NotHatinJustTrollin

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Tokens now transferable from Binance Chain to Sovryn include DAI, USDC, BUSDT and BUSD. We've also updated our Ethereum bridge which now permits the transfer of DAI, USDC and USDT. Stablecoins from both chains will be aggregated into XUSD on Sovryn.

https://www.sovryn.app/blog/our-binance-bridge-is-live

SIP-0020 Staking contract upgrade has passed with 100% Bitocracy consensus, wik 66,424,000 votes. There is now a 48 hour waiting period before the contract can be updated, so users can verify the code, and raise any issues.

https://github.com/DistributedCollective/Sovryn-smart-contracts/pull/250

NotHatinJustTrollin

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SOV rewards for liquidity mining are claimable at any point by clicking the "withdraw" button https://live.sovryn.app/yield-farm for the pool you have liquidity in, then click on https://live.sovryn.app/reward to claim them, after which they are visible in the vested assets tab of https://live.sovryn.app/wallet as "reward sov", AND in https://bitocracy.sovryn.app/stake listed as "current vests"

10% of the reward SOV can be then withdrawn per month for 10 months as liquid SOV, which you can also stake in bitocracy instead, if you choose.

All of the vested reward SOV will count towards voting in bitocracy while it is vested, but only 10% becomes liquid each month for you to withdraw or stake.

If you want to CONTINUE earning SOV rewards in the pools after you have withdrawn your liquidity to get your SOV rewards, you will need to REDEPOSIT the liquidity to the pool.

SOV rewards for providing LM are recalibrated every monday. If you leave your liquidity in the pool and do not withdraw it to claim the SOV rewards, the rewards keep accumulating until you withdraw them.

Keep in mind though that the vesting period BEGINS at the point you withdraw the reward SOV.

https://wiki.sovryn.app/en/sovryn-dapp/sovryn-rewards-explained

koang

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Sovrython Opening Livestream!

DolarCripto talking about the integration of Babelfish Money on the Sovryn protocol, and their upcoming token launch on Sovryn's Origins platform
https://www.youtube.com/watch?v=1hsSQwZhMk8

Lunar Crank

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Quote from: shinratensei_ on June 04, 2021, 08:23:34 PM

OMG, that's a very big news and i hope that CZ will be seeing this as well after the launch of the BNB bridge. After the complete of ethereum and BNB bridge that means sovryn can add any ERC and BEP token anytime to the its platform.
Yago and team was doing a very good job. I will be waiting for the lootdrop for BNB - SOV pool. I think this will be launched after the testing.
SOV is going very crazy right now. SOV for the future defi

I like the way the Sovryn team is developing their project. They have clear priorities - create working product, without any hype around it. And when they get a result, Sovryn will be needed very much.

shinratensei_

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OMG, that's a very big news and i hope that CZ will be seeing this as well after the launch of the BNB bridge. After the complete of ethereum and BNB bridge that means sovryn can add any ERC and BEP token anytime to the its platform.
Yago and team was doing a very good job. I will be waiting for the lootdrop for BNB - SOV pool. I think this will be launched after the testing.
SOV is going very crazy right now. SOV for the future defi

steampunkz

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I am glad for one of the early supporters and promoters of this project in the last few months, I always visit their Twitter page and seeing all the improvements and good news in terms of its price, listing new projects, live interviews plus bounty projects like hackathon. Can't wait to see how SOV will become in this coming few months, Especially their listing in uniswap and adapting to Binancechain bridge. Stay Sovryn! To the moon! Cheers!

Suke_Teki

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Quote from: Dalib on June 04, 2021, 06:29:06 PM

The Bridge is now ready for testing. It can be found here: https://bridge.test.sovryn.app/
Please test transferring ETH and stable coins from BSC and ETH to RSK and vice versa.
Please also test the XUSD pool on this interface: https://feat-xusd-rbtc.sovryn.pages.dev/yield-farm

You can get all required tokens at our faucet: https://faucet.sovryn.app/
But BNB for the Binance here: https://testnet.binance.org/faucet-smart
And ETH for Ropsten here: https://faucet.ropsten.be/

it is important that testers are connected to OUR rpc: https://testnet.sovryn.app/rpc because the rsk rpc is down

Very good. Sovryn really builds his business well, prioritizing to build a good and healthy ecosystem first. not in a hurry to list their tokens on popular exchanges.
when the bridge between Sovryn with ETH and BSC is fully launched, it will increase Sovryn exchange users.

Dalib

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The Bridge is now ready for testing. It can be found here: https://bridge.test.sovryn.app/
Please test transferring ETH and stable coins from BSC and ETH to RSK and vice versa.
Please also test the XUSD pool on this interface: https://feat-xusd-rbtc.sovryn.pages.dev/yield-farm

You can get all required tokens at our faucet: https://faucet.sovryn.app/
But BNB for the Binance here: https://testnet.binance.org/faucet-smart
And ETH for Ropsten here: https://faucet.ropsten.be/

it is important that testers are connected to OUR rpc: https://testnet.sovryn.app/rpc because the rsk rpc is down

NotHatinJustTrollin

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Explanation of Money on Chain's $37500 worth of MoC for Liquidity Providers to the DoC/BTC pool:

-The campaign will end on the 1st of July
- The DoC/BTC pool is a V2 one which allows the LPs to deposit only one asset if they choose.
- The LP’s can choose to deposit DoC, BTC or both assets
- 50% of the reward will go to the DoC LP’s and 50% will go to the BTC LP’s
- The final number of MoC tokens to be distributed will be decided by the MoC Team based on the average trading price during the last day of the campaign
- The reward distribution will take place after the end of the campaign. Rewards will be deposited automatically to LP's wallets.

Building a permissionless future with Bitcoin-native DeFi @Sovryn with @exiledsurfer

* #BTC origins and community ethos
* #Ethereum vs BTC discussions
* governance and incentives
* the real enemies of Bitcoin - not governments, but...

Full interview: https://www.youtube.com/watch?v=H87YqL9vE_Y

Suke_Teki

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I just read an interesting article about Sovryn partnership with API3!
Sovryn using the API3 Airnode to bring DeFi data into Bitcoin smart contracts.
Besides that, Sovryn and API3 will be providing $50,000 of prize money to Airnode-powered winning projects, and an additional $100,000 in potential grant funding for projects that fit API3’s long term vision.
https://medium.com/api3/build-with-api3-at-sovrython-8d6774d5ede2

NotHatinJustTrollin

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In Sovryn bitocracy news, SIP-0019: Exchequer Committee 2021 Budget has passed with 99.99% approval with 66,439k votes. View the results at https://bitocracy.sovryn.app/

NotHatinJustTrollin

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Today we celebrate the listing of @moneyonchainok’s governance token, #MoC, To mark the occasion, Money on Chain is offering a generous reward of $37,500 in MOC to yield farmers for providing liquidity to the DoC/BTC pool on https://live.sovryn.app/yield-farm

https://www.sovryn.app/blog/moc-listing-is-rewarding-for-sovryns

NotHatinJustTrollin

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Users seem to be aping into Sovryn's yield farming returns, but we also have favorable permissionless DeFi borrowing / lending rates... and you don't have to give up custody of your private keys.

More information, please check here: https://twitter.com/SovrynBTC/status/1399799813718282246

NotHatinJustTrollin

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Defiant integrates Sovryn’s AMM brought to you by Sovryn

Mobile wallet company Defiant has integrated Sovryn’s AMM, enabling users to swap RBTC, rUSDT, DOC or BPRO for SOV tokens in a single tap, permissionlessly.

Defiant is a non-custodial mobile wallet & P2P market which integrates the Bitcoin, Ethereum and RSK ecosystems and allows users to explore DeFi protocols by using WalletConnect.

Swap like a pro!

Getting SOV has never been easier. All you need is a Defiant wallet installed on your mobile to access the token swap feature. Remember you need some rBTC to pay the RSK network fees. However, you won’t need to set the gas fees as required by desktop wallets. Defiant have automated it, for a seamless experience.

Many other Sovryn swaps are also integrated into the app, so you can trade between rBTC, SOV, DoC, BPro and rUSDT with just a few taps on your phone.

Got SOV, now what?

Take a look at Sovryn’s staking feature https://bitocracy.sovryn.app/stake. Staked SOV will immediately start earning you a portion of the platform trading fees. Revenues are distributed on an ongoing basis to those actively staking, in relation to their voting weight.

As a Defiant user, you can use WalletConnect to link to the Sovryn dApp and start earning straight away 🚀

Stay Sovryn!

NotHatinJustTrollin

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The Ethereum bridge, Arbitrum testnet, 🔥🔥🔥bars

Check out the recording of this past week's community call ☄️

youtu.be/-hNt630xHbU

With the inflow of $10,148,041 of Ethereum over the last 3 days for the ETH/BTC pool, the TVL in Sovryn's AMM pools now stands at $40,268,378 of assets choosing to RideTheBear and earn $SOV yields with Sovryn.

Current APY ETH/BTC: 319.27%
Current APY SOV/BTC 476.43%

NotHatinJustTrollin

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RideTheBear Want to buy Bitcoin permissionlessly with your ETH?

Bring it over Sovryn's Bridge & swap for it with the LOWEST DeFi transaction fees anywhere & we'll gift you 0.0001 BTC for transaction fees.

Then, put it in the eth/ btc & earn SOV yield. https://wiki.sovryn.app/en/sovryn-dapp/bridging-and-supplying-eth-to-the-amm

asriloni

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Quote from: ?? on ??

"NOW we are offering a final chance to reserve your spot in the Origins pre-sale, limited to 2m tokens."
I saw this on the front page thinking pre-sale was going on! I guess I was too excited to see none of that is happening at the moment!

All of the sale already ended and then it looks like this thread is not yet updated. If you wanna get the latest news about sovryn and it's better for you to see the announcement that already brought by some people to this thread. Some people above me already given the new update from sovryn.
If you are reading everything properly and some people have told you about the new updates. I guess you are seeing it from the title of this thread

necromastery

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Quote from: ?? on ??

This is indeed a laudable achievement, this project will widening the net for those who want to participate in defi but want security and immutability of bitcoin. I congratulate you on this milestone and hope your pre sale become successful!

What pre-sale? Please do not spam this thread.

"NOW we are offering a final chance to reserve your spot in the Origins pre-sale, limited to 2m tokens."
I saw this on the front page thinking pre-sale was going on! I guess I was too excited to see none of that is happening at the moment!

Dude that was in the beginning of this thread, 4 months have passed, now it is over. People nowadays discuss about developments and prices of sovryn in the market. I think you should learn from this, you should read the latest information about a project, not at the beginning.

NotHatinJustTrollin

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With the addition of the ETH/BTC pool, the TVL on the Sovryn DeFi platform now exceeds $44.5M , or 1,140 BTC

Topic: [ANN] Sovryn - Brings DeFi to Bitcoin - page 8. (Read 6684 times)