Sovryn

Sovryn, founded in 2020 by Edan Yago, is a decentralized finance (DeFi) protocol built on the Bitcoin blockchain. The platform leverages a sidechain to provide financial services, allowing users to trade, lend, and borrow using Bitcoin as the primary asset.

Edan Yago, an experienced entrepreneur in the digital asset space, also founded Epiphyte, a company focused on helping banks integrate with distributed ledgers. His background in bridging traditional finance with blockchain technology is central to Sovryn's mission of building a decentralized financial system on Bitcoin.

The platform operates on a non-custodial basis, meaning users retain control of their private keys and, consequently, their funds. Sovryn's business model is based on charging fees for its services, such as trading and lending, which are then distributed among the protocol's stakeholders. The platform serves a global user base of cryptocurrency holders and traders seeking to utilize their Bitcoin in a DeFi environment without needing to convert it to other crypto assets.

Sovryn's core offerings include spot and margin trading, borrowing and lending pools, and the ability to earn interest on deposited assets. A key feature is the Bitocracy system, a governance model that allows holders of the native SOV token to vote on proposals and participate in the platform's revenue sharing.

Keywords: Bitcoin, DeFi, decentralized finance, trading, lending, borrowing, non-custodial, sidechain, governance, blockchain