Sovryn

Sovryn is a decentralized application allowing users to trade Bitcoin on Layer 2 in a permissionless, noncustodial, and censorship-resistant way. It allows users to leverage Bitcoin up to 5x, and earn interest, without sacrificing their security or privacy.

Sovryn is an on-chain decentralized protocol deployed on a Bitcoin sidechain. The Sovryn protocol is controlled by its community and stakeholders. There is no single company, organization or individual that represents or controls the Sovryn protocol. While the Sovryn community is built on the principles of transparency, the Sovryn protocol’s decentralized structure means that there is no single party that can be relied upon to provide you with accurate information. As a community member, user of the Sovryn protocol or stakeholder in the Sovryn protocol, you assume all responsibility for your actions and must rely solely on your own research.

Bitcoin empowers individuals with monetary self-sovereignty by providing a decentralized and censorship-resistant form of digital cash for anyone to hold and control. Holders of Bitcoin know their money is a sovereign entity, in and of itself. But when Bitcoiners enter the current arena of financial applications for managing their digital wealth, the level of self-sovereignty is degraded. Sovryn enables people to expand upon the monetary freedom afforded by Bitcoin to achieve complete financial self-sovereignty

Today, the financial services infrastructure built around Bitcoin consists mainly of centralized platforms like exchanges, lending platforms, and financial institutions. With centralized services, users must give up their sovereignty - their control, their keys, and their coins - to make financial use of their Bitcoin. Sovryn will provide a decentralized alternative that is true to the spirit, goals, and properties of Bitcoin. Additionally, Sovryn will allow users to protect their right to financial privacy and self-custody.