Sovryn (SOV)

 Basics

• Announced on:
• Mainnet release: 15-12-2020
• Based in: London (3-3-2021)
• From CoinDesk (22-10-2020):

 Sovryn will soon provide permissionless and uncensorable spot trading, leveraged trading, borrowing and lending."

Token

Launch

• From CoinDesk (15-12-2020):

"Sovryn plans to launch a governance token which mimics Compound Finance’s model in Q1 of 2020 with its SOV token sale."

• Raised (3-3-2021) $10 million in a token presale (in BTC).

Technology

• Whitepaper can be found [insert here].
• Code can be viewed [insert here].
• Built on: Rootstok

How it works

• From CoinDesk (15-12-2020):

"A 2-in-1 decentralized exchange and derivatives market, Sovryn will offer traders borrowing and lending service in bitcoin, USDT and RSK’s dollar on chain (DOC) stablecoin; they can also long or short bitcoin on the platform with up to 5x leverage."

Oracle Method

• Has a partnership with API3 that aims to bring decentralized data and information infrastructure to Rootstock (19-5-2021).

Roadmap

• Can be found [Insert link here].

Audits

• Bug bounty program can be found [insert here]. They offer $1.2M (3-3-2021).

Team, Funding, Partnerships, etc.

Team

• Full team can be found [here].

Funding

• From CoinDesk (15-12-2020):

"Launched today with $2.1 million at its back – a symbolic number representing Bitcoin’s total supply. Crypto venture capital firm Greenfield One led the funding round, which also saw contributions from Collider Ventures and Monday Capital."

• Raised (3-3-2021) $10 million in a token presale (in BTC).