Tag: sovryn

Dec 06 2022

The Path To A Bitcoin Economy: Decentralized Bitcoin-Backed Credit

Dec 06 2022 Published at Bitcoin Magazine under tags  credit culture defi opinion sovryn

Bitcoin-backed credit built with DeFi represents a stronger and more practical vision of "bitcoin free banking" originally described in 2010 by Hal Finney.This is an opinion editorial by David Seroy, Founder and President of Old North Capital Fund.It is the author's opinion that credit-based, bitcoin- backed dollars will act as the bridge connecting bitcoin, dollars, the Lightning Network, validity roll-ups, and...

Oct 07 2022

Bad Actors Penetrate Bitcoin Backed DeFi Protocol And Steal $1 Million

Oct 07 2022 Published at Bitcoinist.com under tags  beanstalk farm bitcoin btcusdt defi sovryn

Recently, Sovryn, a Bitcoin-based DeFi protocol, lost $1 million in digital assets through a hack. The hacker executed the attack through price manipulation and carted away $1 million in crypto, including 44.93 RBTC and 211,045 USDT. The incessant hack attacks on crypto platforms have become a plague in the crypto industry, leaving questions of who would be next. The series of hacks has...

Apr 03 2022

How To Hide Your Money Under A Virtual Mattress And Earn A Return In The Process

Instead of storing cash under the mattress, Bitcoin users can transfer their funds into stablecoins and lend them out for a high interest rate.Occasionally, you’ll read a news item about an eccentric individual who accumulated a substantial quantity of money and stashed it all away under a mattress. We shake our heads and wonder why someone would do such a thing. Doesn’t...

Oct 04 2021

Introducing Sovryn – Bitcoin’s Fastest-Growing Ecosystem

For years, Bitcoin has been forced to sit on the sidelines and watch as the trends go by the crypto industry, attracting multiple new users and developers to the sector of the blockchain that offers various services of development platforms. For many Bitcoin fans, this likely looked like one missed opportunity after another, as the way Bitcoin is — its very design and...

Jun 12 2021

How To Overtake Uniswap? The 1-Trick That Most DeFi Projects Miss!

Uniswap is the world’s premier decentralized exchange and liquidity provision service, relying on an orderbook-less trading mechanism through liquidity pools. Since it’s introduction, it has facilitated billions in trading volume through it’s three iterations or version updates. It also constantly ranks as a leading revenue generating DeFi protocol, second only to the...

May 04 2021

Bitcoin smart contract platform RSK sees TVL of 1,445K BTC driven by Sovryn DeFi app launch

May 04 2021 Published at CryptoNinjas under tags  iov labs networks & protocols rif rsk sovryn

CryptoNinjas » Bitcoin smart contract platform RSK sees TVL of 1,445K BTC driven by Sovryn DeFi app launch RSK Network, a smart contract platform secured by Bitcoin, announced today it has surpassed Lighting Network (LN) total value locked (TVL)...

Apr 13 2021

Token of Bitcoin-based protocol Sovryn (SOV) begins trading after $9M investment

Apr 13 2021 Published at CryptoNinjas under tags  networks & protocols sovryn

CryptoNinjas » Token of Bitcoin-based protocol Sovryn (SOV) begins trading after $9M investment Sovryn, the...

Mar 05 2021

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Mar 05 2021 Published at CryptoNinjas under tags  listings security sovryn token offerings

CryptoNinjas » Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale Sovryn, a...

Jan 05 2021

Dec 15 2020

DeFi on Bitcoin Gets a Boost as Sovryn Launches on RSK Sidechain

Dec 15 2020 Published at CoinDesk under tags  bitcoin defi rsk sidechains sovryn

Sovryn is launching a lending and derivatives market on the RSK Bitcoin sidechain in a bid to promote DeFi on Bitcoin.

Sovryn Brings DeFi Bitcoin to RSK

Dec 15 2020 Published at UseTheBitcoin under tags  bitcoin btc crypto news rsk sovryn

During the last months, DeFi Bitcoin (BTC) tokens have been offering services on top of the Ethereum (ETH) network. However, these tokenized BTC coins do not offer the […]

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