Sovryn News

Sovryn has successfully secured $5.4 million via a funding round approved by a near-unanimous vote by its fully decentralized community.

Sovryn, a bitcoin-based DeFi protocol, loses about $1 million worth of crypto to cyber attackers in a price manipulation hack. The attacker(s) achieved this by exploiting a vulnerability discovered in the legacy Sovryn Lend/Borrow protocol.  Sovryn Loses $ 1 Million…

Decentralized finance (DeFi) has changed the way the world sees the money market forever. New ideas, scopes, and traditions that were unthinkable years ago have now been introduced into the world of finance. People can now access instant loans using cryptocurrency as collateral but the latest bridge is securing zero-interest loans in a fast, seamless, and frictionless manner for everybody, no matter their status in society. When it comes to accessing decentralized zero-interest loans, Sovryn, Hubble and Liquity lead the pack.

Bitcoin is the blockchain that started it all. Maybe another independent thinker would have launched another blockchain—known as the “multiple discovery” or “simultaneous invention,” concurrent but separate advancements in science and technology have happened before—but the launch of the Bitcoin…

The inception of Bitcoin by Satoshi Nakamoto over a decade ago, blockchain technology has advanced by leaps and bounds. What initially started with a vision of creating decentralization has advanced far beyond anyone could have initially thought possible. Since then,…

Bitcoin-powered smart contracts platform RSK Network has eclipsed Lightning Network (LN) in terms of total value locked (TVL) in BTC having over 1,445 bitcoins locked, a recent announcement reads. Strong Demand for DeFi on Bitcoin In yet another major milestone…