Sovryn (SOV)

What is Sovryn?

Sovryn coin is a non-custodial and authorization smart contract based system for bitcoin lending, borrowing and margin trading. Sovryn is a non-custodial and authorization smart contract-based system for bitcoin lending, borrowing, and margin trading. DeFi Bitcoin platform Sovryn has been on the RSK mainnet for about six months, allowing users to trade Bitcoins natively and without permission on a decentralized application.

Main features of the platform

Sovryn is already on the RSK mainnet that allows users to exchange Bitcoins and distributed applications. By not trusting a centralized organization and buying altcoins, you can end up trading bitcoins and managing the system with bitcoins.

-Sovryn is a platform for creating digital asset rights protected by bitcoin.

-Sovryn is not just a technology game.

-Sovryns builds 21st century organizations using 21st century technology.

-The technology used is just a tool. Product.

-The goal is stable institutions conducive to individual sovereignty 

Network effects exist where participants benefit from more value as the number of participants increases. In the social sphere, this means that participants benefit from a wider community where they can enjoy the benefits of collaboration. Therefore, the social system with the strongest network effect is the one that creates the widest range of opportunities for collaboration. This system is called the free market. 

Free markets promote prosperity for the same reason that property rights create prosperity: markets are a network. Property rights are the institutions that allow markets to function.

Highlights of Sovryn

The highlight of Sovryn is the implementation of Bitcoin on Layer 2, more specifically RSK. RSK is a Layer 2 Bitcoin sidechain that provides smart contract functionality using Bitcoin as the native asset. You can see RSK as Ethereum's Layer 2 solutions like Matic or xDAI.

By using Layer 2 for the project, Sovryn was able to take advantage of the inherent security of the Bitcoin network while retaining the advantages of a Layer 2 solution such as cost savings and increased transaction speed. RIF is also a project using RSK's solution.

Sovryn is already on the RSK mainnet that allows users to exchange Bitcoins and distributed applications. By not trusting a centralized institution and buying altcoins, you can end up trading bitcoins and managing the system with bitcoins.

-Sovryn is a platform for creating digital asset rights protected by bitcoin.
-Sovryn is not just a technology game.
-Sovryns builds 21st century organizations using 21st century technology.
-The technology used is just a tool. Product.
-The goal is stable institutions conducive to individual sovereignty

Network effects exist where participants benefit from more value as the number of participants increases. In the social sphere, this means that participants benefit from a wider community where they can enjoy the benefits of collaboration. Therefore, the social system with the strongest network effect is the one that creates the widest range of opportunities for collaboration. This system is called the free market.

Free markets promote prosperity for the same reason that property rights create prosperity: markets are a network. Property rights are the institutions that allow markets to function.

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