Sovryn
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.
FOUR LEVELS OF ARMOR
Audited Smart Contracts
Sovryn undergoes ongoing security audits, from multiple auditors and maintains a bug bounty.
Secure Oracles
Sovryn will continuously add secure oracles for greater decentralization.
Insurance Fund
The insurance fund protects against undercollateralized loans. 10% of interest is added to the fund.
Open Source
As one of the founding principles of DeFi, Sovryn is committed to interoperability and the development of open source code.