What is Sovryn? Sovryn is a non-custodial and permissionless smart contract-based system for Bitcoin lending, borrowing and margin trading. What can I do with Sovryn? With Sovryn, you can perform margin trades for Bitcoin with up to 5x leverage, swap between Bitcoin, stablecoins and other tokenized assets, and lend Bitcoin, tokens or stablecoins to earn interest. You can read more about it here. Built on Bitcoin Layer 2
Sovryn is built on the Rootstock Bitcoin-sidechain, which is validated by Bitcoin PoW miners, while also compatible with the Ethereum Virtual Machine. Sovryn has the best of both worlds- Bitcoin’s security, with solidity smart contracts. Transactions are swift, and low-gas (typically in the $1 range).