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Sovryn Origins Harnesses The Power Of Community Engagement With New Token

Sovryn Origins Harnesses The Power Of Community Engagement With New Token


NewsBTC
2021-12-15 18:56:29
Sovryn Origins Harnesses The Power Of Community Engagement With New Token

The Bitcoin network debuted in 2009 and introduced an asset class the world had never before seen, and some have branded bitcoin’s launch as the beginning of decentralized finance (DeFi). However, the decentralized applications (dApps) that are most associated with DeFi services were developed on other chains. Bitcoin was a major breakthrough for technology, but its programming didn’t allow for the possibility of running dApps on its network when it first launched. Recently, the integration of a sidechain like Rootstock has brought smart contract and dApp functionality to Bitcoin, and this has proven to be a gamechanger for DeFi. DeFi protocols like Sovryn, built on Rootstock, allow native bitcoin to be used in DeFi dApps. This means that the world’s first blockchain, supporting the crypto world’s deepest liquidity, is witnessing a growth spurt in the number of projects emerging on its network. How the Sovryn Origins Launchpad Encourages Bitcoin DeFi Growth Sovryn is a multi-service Bitcoin DeFi protocol that facilitates swaps, borrowing, lending, and yield farming. The protocol is governed as a Bitocracy where its users stake SOV to vote on Sovryn’s future direction, and this makes Sovryn a community-centered protocol that is guided by its users as it moves forward. The protocol fosters the development of new projects through Sovryn Origins, a launchpad that supports independent projects, including those that build up the Bit...

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