Sovryn SOV
1. Summary
- Price
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$0.45 -1.2%
- Market Cap
- $28.55M (#1022)
- Supply
- 64.03M / 100.00M
- Description
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Sovryn is a decentralized, non-custodial, and permissionless smart contract-based system designed for Bitcoin lending, borrowing, and margin trading. It allows users to manage their digital assets without relying on a central authority. The system is powered by Bitcoin and ensures complete control over funds and transactions.
Sovryn is a decentralized, non-custodial, and permissionless smart contract-based system designed for Bitcoin lending, borrowing, and margin trading. It allows users to manage their digital assets without relying on a central authority. The system is powered by Bitcoin and ensures complete control over funds and transactions.
Key Features
- Zero Protocol: Offers 0% interest loans when borrowing against Bitcoin. Loans are issued instantly and permissionlessly, with no credit checks or sign-up required.
- Non-Custodial: Users maintain control over their digital assets, which remain locked in smart contracts until the loan is paid off.
- Decentralized: Operated purely by smart contracts with no central controlling entity, ensuring censorship resistance and governance through stakers.
- Interoperability: Compatible with hardware wallets, allowing users to interact directly from their wallet.
- Stability Pool: Loans are secured by a pool containing both the DLLR stablecoin and borrower contributions, which collectively act as guarantors.
Activities and Features
- Margin Trading: Use assets as collateral to borrow more assets or increase initial positions.
- Liquidity Mining: Fees generated by trading are distributed amongst liquidity providers as a reward.
- Market Making: Facilitates the frictionless use of financial primitives across multiple chains.
- Lending: Earn a passive income by lending assets directly to borrowers or margin traders.
- Stake and Vote: Token holders who stake their SOV receive a share of revenue and can participate in the governance of the protocol.
- Multiple Token Support: Supports multiple tokens, including RBTC, SOV, DOC, BPRO, rUSDT, xUSD, and MOC.
Governance
The Sovryn protocol is governed by stakers, ensuring that users have control over the system and its future developments.
| Price | |
| 52W High price | $2.59 |
| 52W High date | 20th Feb 2024 (9 months ago) |
| All Time High (ATH) Date | 7th Oct 2021 (3 years ago) |
| ATH Price | $43.98 |
| % From ATH | -99.18% |
| All Time Low (ATL) Date | 23rd Dec 2022 (1 year ago) |
| ATL Price | $0.17 |
| % From ATL | 114.79% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $55,217.00 |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Circulating Supply | 64.03M |
SOV
How does Sovryn's (SOV) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-32.4%
SOV
-4.3%
Similar Market Cap
60 Day Return
-28.9%
SOV
0.7%
Similar Market Cap
1 Year Return
16.3%
SOV
41.8%
Similar Market Cap
We're monitoring 102 Sovryn GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Sovryn Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 8
- Past year: 0 commits vs. an average of 112
Most Active Repos
| Past week | 128 |
|---|---|
| Past 12 weeks | 387 |
| Past year | 1607 |
| Past week | 70 |
|---|---|
| Past 12 weeks | 243 |
| Past year | 1516 |
| Past week | 56 |
|---|---|
| Past 12 weeks | 275 |
| Past year | 1222 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 10 |
| Past year | 873 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 12 |
| Past year | 839 |
| Past week | 65 |
|---|---|
| Past 12 weeks | 190 |
| Past year | 670 |
Top Developers 2024
In total, 341 developers have contributed to Sovryn over the past year. Who are the most active Sovryn developers, by commits, over the past year?
Related Projects
Developers working on Sovryn also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 2,422 |
|---|---|
| Active Reddit Users (past 24h) | 13 |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 5,309 |
| Twitter followers | 82,803 |
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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gobob.sovryn.app/rewards Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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wiki.sovryn.app/en/library/education/episode-eleven Official
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sovryn.app/blog/if-bitcoin-is-magic-internet-money-zero-is-magic-internet-borrowing Official
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sovryn.app/blog/if-bitcoin-is-magic-internet-money-zero-is-magic-internet-borrowing Official
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sovryn.app/blog/if-bitcoin-is-magic-internet-money-zero-is-magic-internet-borrowing Official
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sovryn.app/blog/if-bitcoin-is-magic-internet-money-zero-is-magic-internet-borrowing Official
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://sovryn.app |
|---|---|
| Explorer | https://etherscan.io/token/0xbdab72602e9ad40fc6a68... |
| @SovrynBTC | |
| /r/Sovryn |
What is the correct contract address for Sovryn?
| Ethereum | 0xbdab72602e9ad40fc6a6852caf43258113b8f7a5 |
|---|---|
| Rootstock | 0xefc78fc7d48b64958315949279ba181c2114abbd |
Has Sovryn been audited for security?
No security audits found for this project.
Are you the owner of Sovryn? Edit it here
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