Sovryn (SOV)
From CryptoWiki
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."
History
Token
Launch
"Sovryn plans to launch a governance token which mimics Compound Finance’s model in Q1 of 2020 with its SOV token sale."
Token allocation
Utility
Token Details
Stablecoin
Technology
- Whitepaper can be found [insert here].
- Code can be viewed [insert here].
- Built on: Rootstok
How it works
"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."
Mining
Staking
Liquidity Mining
Scaling
Different Implementations
Interoperability
Other Details
Privacy Method
Compliance
Oracle Method
- Has a partnership with API3 that aims to bring decentralized data and information infrastructure to Rootstock (19-5-2021).
Their Other Projects
DEX
Governance
DAO
Treasury
Upgrades
Roadmap
- Can be found [Insert link here].
Audits
- Bug bounty program can be found [insert here]. They offer $1.2M (3-3-2021).
Bugs/Hacks
Usage
Projects that use or built on it
Competition
Coin Distribution
Pros and Cons
Pros
Cons
Team, Funding, Partnerships, etc.
Team
- Full team can be found [here].
Funding
"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."
