Sovryn (SOV) offers decentralized finance services, including lending, borrowing, and trading, on the RSK blockchain. More
| Fully Diluted Valuation | $9.78M |
|---|---|
| 24H Trading Volume | $47,826 |
| 24H Low / High | $0.10 / $ 0.10 |
| Circulating Supply | 61.49M |
| Total Supply | 100.00M |
| Max Supply | 100.00M |
| Categories | Smart Contract Platform 4 more |
|---|---|
| Founder | Edan Yago 1 more |
| Website | Sovryn.com |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 1 more |
| Explorer | Rootstock 3 more |
| Contracts |
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1 more
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| Name | Pair | OG Score |
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Sovryn (SOV)
Sovryn (SOV) is a decentralized platform built on the RSK blockchain, focusing on providing decentralized finance (DeFi) solutions. It aims to offer users a range of financial services, including lending, borrowing, and trading of digital assets, all within a secure and decentralized environment.
Technology
Sovryn leverages the RSK blockchain, a smart contract platform secured by the Bitcoin network through merge-mining. This allows Sovryn to benefit from Bitcoin's security while offering a platform for decentralized financial applications. Users can interact with Sovryn using RSK's native token, RBTC, and SOV, the native token of the Sovryn platform.
Features
Lending and Borrowing: Sovryn enables users to lend their digital assets and earn interest or borrow assets by collateralizing their holdings.
Trading: The platform allows users to trade a variety of digital assets in a decentralized manner.
SOV Token: SOV is the native utility token of the Sovryn platform, used for governance, staking, and incentivizing users to participate in the network.
Founders
Sovryn was founded by Edan Yago, J.R. Willett, and the team behind the Money on Chain project in 2020. Edan Yago is a prominent figure in the cryptocurrency space, known for his contributions to decentralized finance and blockchain technology.
Sovryn aims to revolutionize the DeFi space by providing users with a secure and decentralized platform for accessing financial services. With its focus on Bitcoin integration and user empowerment, Sovryn represents a significant development in the ongoing evolution of decentralized finance.
Sovryn stands out for its integration with the RSK blockchain, which offers security through merge-mining with Bitcoin. It also features a user-friendly platform for decentralized financial services.
Sovryn was founded by Edan Yago, J.R. Willett, and the team behind the Money on Chain project, known for their contributions to decentralized finance and blockchain technology
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