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Sovryn launches complete suite for Bitcoin DeFi on RSK

Published 12/15/2020, 10:21 AM
Updated 12/16/2020, 12:00 PM
Sovryn launches complete suite for Bitcoin DeFi on RSK
BTC/USD
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Sovryn, a decentralized finance platform operating on the RSK Bitcoin sidechain, announced on Tuesday its public launch. Users can now access a full suite for trading Bitcoin (BTC) in a trustless, noncustodial environment, benefiting from powerful leverage and yield opportunities.

The platform presents a mix of major DeFi building blocks, including a collateralized lending protocol and automated market maker exchange. Users can trade long or short with up to five-times leverage, while holders of Bitcoin (BTC), Tether (USDT) and the Dollar on Chain (DOC) stablecoin can earn interest by lending their assets.

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