Sovryn App
Bitcoin DeFi — built for people who want full ownership of their financial lives, without banks or intermediaries.
Our Mission
Bitcoin is the hardest money ever created. Yet for most of its history it just sat in wallets, doing nothing. Sovryn App was built to change that.
The mission is straightforward: give Bitcoin holders access to the full range of financial services — borrowing, lending, trading, earning yield — without ever giving up custody. Not your keys, not your coins. That principle is non-negotiable on the Sovryn App platform.
Why does this matter? Because traditional finance extracts value from users at every step. Sovryn App's protocol flips that model. Fees go back to the people who stake SOV and govern the platform through Bitocracy. Every decision — from fee changes to protocol upgrades — goes through on-chain governance. No board of directors, no CEO with a veto.
Technology
Sovryn App runs on the RSK sidechain — a Bitcoin-merge-mined network that brings EVM compatibility to BTC. RSK transactions are settled with Bitcoin's proof-of-work, so the security model is anchored to the same miners who protect the world's most valuable blockchain.
The smart contract layer is compatible with Ethereum's tooling. Developers familiar with Solidity, Hardhat, or Forge can deploy to RSK with minimal changes. This matters: it means Sovryn App can integrate with a wide world of audited DeFi primitives.
The Zero protocol — Sovryn App's flagship borrowing product — lets users open interest-free lines of credit against BTC collateral. It draws on the same mechanism pioneered by Liquity, adapted for the Bitcoin-native context. Borrowers pay a one-time origination fee and nothing else, ever. Loans are denominated in ZUSD or DLLR, a multi-collateral stablecoin inspired by MakerDAO's DAI but backed entirely by Bitcoin assets.
Under the hood, Sovryn App also runs an AMM, a margin-trading engine, and a yield-aggregation layer. All of these share the same on-chain order book and liquidity pools, which keeps slippage low even for larger trades.
Our Approach to Security
Every major contract on Sovryn App has been audited by independent security firms. Audit reports are published openly — you can read them in the wiki.
The protocol uses a timelocked multisig for any upgrades, giving the community time to review changes before they go live. There is no admin key that can drain funds unilaterally. Bitocracy — the Sovryn App governance system — requires SOV to be staked before voting rights are granted, aligning incentives between voters and long-term protocol health.
Bug bounties are active and paid in SOV. The team behind Sovryn App treats security not as a one-time checkbox but as an ongoing operational priority. That said, DeFi carries inherent smart-contract risk. Users should read the documentation and only put in what they can afford to lose — that is honest advice, not a disclaimer designed to be ignored.
Governance & Community
Bitocracy is Sovryn App's on-chain governance model. Stake SOV, get vSOV, vote on proposals. Simple in concept. Powerful in practice.
Revenue generated by the protocol — trading fees, borrowing origination fees, liquidation proceeds — flows to SOV stakers proportional to their stake weight and lock duration. Locking longer earns more. This creates a strong incentive for long-term alignment: the people with the most say are the ones most committed to the protocol's future.
Proposals range from parameter tweaks (collateral ratios, fee levels) to integrating entirely new products. Anyone holding enough vSOV can submit a proposal. The community debates in Discord and Telegram, then votes on-chain. No proposal can be executed without passing a quorum threshold and a time lock period.
If you want to get involved, the FAQ page has answers to common questions about staking and governance participation.
The Team
The team behind Sovryn App is distributed across multiple continents. Core contributors include protocol engineers, front-end developers, security researchers, and community managers. Many have been working in crypto since before 2017.
Distributed Collective is the legal entity that coordinates much of the development work. It does not control the protocol — the protocol is governed by Bitocracy — but it provides resources, coordination, and a point of accountability for external partners and auditors.
The development pace is public. Changelogs, GitHub commits, and governance proposals are all visible. If you want to understand what the team has shipped recently, the CHANGELOG linked in the footer of the main app tells you exactly what build you are running and what changed since the last release.
What You Can Do on Sovryn App
Open a line of credit against BTC collateral using the Zero protocol. Pay one origination fee, nothing more.
Supply DLLR, ZUSD, or other assets to lending pools and earn interest paid by borrowers in real time.
Open margin positions up to 5× on the Sovryn App Alpha trading interface. Non-custodial throughout.
Lock SOV into Bitocracy, earn a share of protocol revenue, and vote on changes that affect the platform.
Move between BTC, RBTC, DLLR, ZUSD, and other assets using the built-in AMM or the Bob Gateway bridge.
The Origins launchpad lets early supporters access new Bitcoin-native projects before they list on open markets.
Ready to get started? Return to the app or read the FAQ if you have questions first.