We are excited to announce a strategic partnership with Sovryn, the leading BTCfi platform on Bitcoin. This collaboration will bring Satoshi Protocol to the BOB chain, introducing a SAT-wBTC pool on Sovryn, significantly boosting the liquidity and utility of SAT within the BOB ecosystem.
What is Sovryn ?
Sovryn is a decentralized finance (DeFi) platform operating on the BOB chain, offering a range of financial services including trading and liquidity provision.
Built on Rootstock (RSK) and BOB, Sovryn leverages Bitcoin's security and the flexibility of smart contracts to provide robust financial tools.
Sovryn has achieved significant milestones, including over $85 million in TVL, a total trading volume of over $2 billion and 60,000 users.
- BOB Chain Integration: Sovryn supports the BOB chain, enhancing its ecosystem with various financial services and integrations.
- Bitcoin-Native DeFi: Sovryn provides decentralized trading, lending, borrowing, and margin trading tools, all secured by the Bitcoin network.
Benefit for SAT users
The partnership with Sovryn will enable the creation of a SAT-wBTC pool on Sovryn. This integration will provide our users with:
Enhanced Liquidity
The SAT-wBTC pool will facilitate greater liquidity for SAT, allowing users to easily trade between SAT and any other token that trades on Sovryn, such as wBTC, SOV, ETH, USDC, USDC, Sovryn's bitcoin-backed stablecoin DLLR, and more.
Increased Utility
Integrating SAT within Sovryn's ecosystem enhances its utility, providing more opportunities for users to engage with their assets.
We are thrilled to collaborate with Satoshi Protocol and support the launch of SAT on the BOB chain. This partnership will enable us to offer more decentralized stableocin options for our users, enhancing the liquidity and utility of SAT within our ecosystem.
Ingamar Ramirez, Head of Ecosystem Growth of Sovryn
Conclusion
The partnership with Sovryn is set to bring significant benefits to users and the broader financial landscape. By combining our strengths, we aim to enhance liquidity, capital efficiency, and utility for our communities within Bitcoin Ecosystem.
About Sovryn
Sovryn is a decentralized finance platform built on the BOB chain, offering a range of financial services including trading and liquidity provision. Sovryn is dedicated to building a robust and decentralized financial ecosystem.
Website | Twitter | Blog | Wiki
About Satoshi Protocol
Satoshi Protocol is a revolutionary "universal" stablecoin protocol backed by Bitcoin. It allows users to deposit BTC/staked-BTC as collateral to mint the stablecoin $SAT on both Bitcoin mainnet and multiple L2s.
Website | Web APP | Twitter | Telegram | Discord | Docs | Blog
