Sovryn (SOV)

What Is Sovryn?

Sovryn is a non-custodial and permissionless smart contract-based system for Bitcoin lending, borrowing and margin trading. No single company, organization or individual represents or controls the Sovryn protocol.

Sovryn Unique Features

– Spot Exchange – a low cost, low-slippage, AMM allowing instant trades between tokens

– Margin Trading – up to 5X long/short trades, allowing users to borrow leverage from the lending pool

– Lending Pool – interest earned by HODLers lending tokens to margin traders and borrowers

– FastBTC Relay – near-instant use of Bitcoin with smart contracts and decentralized products, from any Bitcoin wallet

– Borrow – funds available for borrowing by users and smart contracts with over-collateralized lending from the lending pool

– Perpetual Swaps – trades with up to 20X leverage using BTC-backed perpetual swaps  (coming soon)

– Bitcoin-backed Stablecoin – USD-pegged token backed by overcollateralized Bitcoin.

Roadmap

Phase 0

Cub release

Phase 1

Badger release

Phase 2

Stoeffel release

Phase 3

Peer release

Phase 4

Q 2021

Citadel release

Token economy

SOV is used to tokenize the rights, rewards, and risks associated with participating in Sovryn Bitocracy.

SOV is Not an Altcoin

SOV is a Stake in Sovryn’s Future

SOV Balances Risks and Rewards

SOV is Self-Balancing

Utilities:

Bitocracy

SOV staked in the Bitocracy system earns voting rights weighted by the length of staking time. Additionally, system revenues are distributed on an ongoing basis to those actively participating in governance, in relation to their voting weight.

Risk Mitigation

SOV provides risk coverage for the protocol by acting as a pool of staked value that can be burned, redistributed or inflated to prevent and offset losses that might occur. For example, staked SOV can be used to create trustless BTC multisig pools (eg. for use in the bridge), such that theft of funds is avoided.

Fee Collection

The Sovryn DeFi platform is a revenue-generating business upheld by its governing SOV stakeholders. This includes fees from swapping, lending, borrowing, leveraging, and all future fees collected by new additional features introduced by Sovryn.

Detailed Token Metrics

Totol supply: 100,000,000 SOV

Marketcap: $8.83 Million

Fully Diluted Valuation: $38.84 Million

Token Distribution

Adoption Fund: 38.65 % ( 38,646,017.57 SOV)

Founders Fund: 25% (25,000,000 SOV)

Early Funders: 17.19 % (17,194,728.62 SOV)

Development fund: 10% ( 10,000,000 SOV)

Ecosystem Fund: 5% (5,000,000 SOV)

Programmatic Sale: 4.16% ( 4,159,253.81 SOV)

Token Release Schedule

Partners & Advisors

TBA

Team

TBA

Investors

General Catalyst, Collider Ventures, Berding waters Ventures, Bollinger, Balaji Srinivasan