Runes on Sovryn: DOG•GO•TO•THE•MOON!
We are launching new Rune Pools on Sovryn! The first to go live is @TheDogOfBitcoin and next up will be @PupsToken.
Deposit your $DOG in the trading pool to earn $POWA @POWA_Rangers, @build_on_bob Spice, and a cut of the trading fees!
Participate in our Galxe campaign to win even more!
Hint: Everyone wins!
Tasks:
• Follow on X
• Buy $POWA
• Deposit $DOG
The more you buy & Deposit the better your chances.
Rewards:
• Everyone who completes the Galxe quests will receive $POWA from our $4,000 reward pool.
• The top 10 $DOG liquidity providers will win prizes of $1,500 $POWA pool:
1st place: $500
2nd place: $300
3rd place: $200
4th place: $125
5th place: $100
6th place: $75
7th - 10th: $50
• To celebrate runes, BOB are giving away 500k Spice points per day to each of the DOG pools. The earlier you deposit the more spice you’ll earn.
Duration:
October 16th – 25th
New to trading Runes or providing liquidity on the Sovryn dApp? Check out our wiki and get started.
Tutorial, group & Galxe Link Bellow ⬇️
The Sovryn Rune - $POWA Burn Complete!
We’ve successfully burned 325B+ $POWA (32.52% of the supply) as outlined in SIP-0081. This monumental burn strengthens the value of the remaining tokens and underscores our ongoing commitment to the community.
Proof ⬇️
We have done it! For the first time ever a ZK-proof has been verified on Bitcoin Mainnet by BitcoinOS.
The final verification was confirmed in block 853626.
A historic moment and a historic block.
A new era has begun for Bitcoin enabling unlimited scaling and functionality - no softfork required!
Here’s how we did it 🤝
Why should anyone build a Bitcoin L2? I'm doing it for myself and for the people I love.
L2's will enable Bitcoin to be a cornerstone in civilization, with many aspects of our lives tied to it, and Bitcoin value will drive to new heights.
-The projects that are building DeFi in Bitcoin now are going to be three times the size of Aave and they're going to do it in a year.
@EdanYago on @scottmelker's The Wolf of All Streets
Link to full ep. in comment ↘️
2024 is a landmark year - for #Bitcoin and for Sovryn.
Roadmap phases overview:
🟧 First, the groundwork:
We'll introduce more staking rewards. In addition to the current $BTC rewards, we will add $SOV to stakers.
See the next tweet in the thread where we discuss all the specifics, including APY%.
Release several key papers: the Holy Rail white paper, the BitcoinOS orange paper and others.
Expect additional announcements from partners working on BitcoinOS with us.
🟧 In Phase Two, we expect to introduce Sovryn for the first time to a non-rootstock chain. Additionally, we'll release devnet of BitcoinOS.
🟧 Phase Three will see Holy Rail on testnet, as well as the testnet for BitcoinOS.
🟧 And finally, the launch of the BitcoinOS mainnet!
We are also working to introduce an ecosystem fund to help other projects start building their own rollups or projects on the Sovryn Layer.
Throughout it all we'll continue to improve our suite of DeFi applications.
It's a busy year. Let's build!
Staking Rewards explained!
Join @edanyago TODAY, at 4 pm UTC on our official Twitter account for a deep dive into the world of $SOV Staking Rewards.
Don't miss this LIVE session ⬇️
https://t.co/chHp6VtVcN
See you soon!
1/
Listening to our community's voice, we've decided to reschedule the vote for SIP-0074!
Now, both SIP-0074 & 0075 will head to the polls on Monday, Feb 5th at 9 am UTC, giving you extra time for thorough review and consideration.
More in the thread below ⬇️
Does Bitcoin seem frozen in time? Other chains have smart contracts, scaling layers, rollups - and Bitcoin?
Introducing BitcoinOS: a superlayer of interoperable rollups turning Bitcoin into a global operating system.
Innovation is coming to Bitcoin!
#BitcoinOS
Link⬇️
The caterpillar's cocoon must shatter for the butterfly to emerge.
An evolution is coming that will transform the foundations into wings.
With layers upon layers, the potential will unfold.
Join our telegram:
https://t.co/IKHgMXefFN
This is a rally! Join the Sov Squad!
A new TG group where we'll amplify Twitter posts, and where you could draft Sovryn-related messages that need some love.
Bull on the horizon, time to beat the drum.
Join the Sov Squad ⬇️
https://t.co/gg8yu1Bp0N
Sidechains, Lightning Network & CSV? Yesterday's tech!
We're on the brink of unveiling something revolutionary-think Bitcoin, but supercharged. No core changes, just pure innovation.
Get ready for... The future of #Bitcoin is here.
Stay tuned, stay Sovryn!
$BTC is free market money. Unstoppable, borderless money.
Sovryn will be the free market. We need to build a native #bitcoin economy and we need the infrastructure, the dapps and the native assets, including $SOV to make it happen.
Sovryn has built the largest bitcoin dapp in TVL and trading volume.
We always said we would start with building DeFi and then expand to rollups and trustless channels to create a $BTC ecosystem, allowing us to build a global financial operating system secured by #bitcoin.
A different future is possible with Bitcoin.
Three years ago, in our blackpaper, we predicted that using Bitcoin for DeFi is possible and that rollups would make it to build anything in Bitcoin, making it an open operating system.
This is the path to Hyper Bitcoinaization.
Bitcoin is the ideal machine, producing blocks of consensus. Building on this principle will allow us to extend the use of #Bitcoin into an operating system for a society where individuals control their data, assets, and destiny.
Follow us for big updates. Coming very soon.
Zero, 0% #Bitcoin backed loans are now available here at a 13% origination fee:
https://t.co/Rpdyp49kxR
This fee % is a recent change. In July, the Sovryn community voted to raise the origination fee to 99% because of collateral redemptions. Why do redemptions happen?