Sovryn is a decentralized application that allows users to trade Bitcoin on Layer 2 in a permissionless, noncustodial, and censorship-resistant way. It is building a full suite of decentralised tools and bridging Bitcoin with other aspects of both the traditional economy and DeFi. It allows users to leverage Bitcoin up to 5x, and earn interest, without sacrificing their security or privacy.
Sovryn undergoes ongoing security audits, from multiple auditors and maintains a bug bounty.
Sovryn will continuously add secure oracles for greater decentralization.
The insurance fund protects against undercollateralized loans. 10% of interest is added to the fund.
As one of the founding principles of DeFi, Sovryn is committed to interoperability and the development of open source code.