TLDR:

• Sovryn's new lending pool allows users to earn yield and do margin trading.

• Babelfish will introduce incentive curves to attract liquidity from other stablecoins on other chains.

• Sovryn's sustainable revenue model generates real value for stakers in BTC through careful and sustainable business practices.

• The improved dashboard will make it easier to track, allowing Sovryn to move beyond the alpha phase.

• Sovryn aims to become the go-to platform to build on Bitcoin, with recent releases including the DLLR/RBTC AMM pool, staking contract upgrade, and DLLR lending and borrowing pools.

• Recent releases also include the new Sovryn APP with Zero in the front center with the launch of DLLR, the liquidity mining contract, and several small frontend releases.

• Join Sovryn in building the future of decentralized finance on Bitcoin and stay up-to-date by subscribing to the Sovryn Chronicles newsletter and following them on social media.

DLLR and Babelfish - Sovryn's Lending Pool and Incentive Curves

The new lending pool offers users the ability to earn yield and do margin trading with the Bitcoin backed stablecoin. Babelfish will introduce incentive curves to attract liquidity from other stablecoins on other chains. After the next spring, incentives for the stability pool will be introduced, providing a more scalable solution to generate demand for DLLR.
The end goal is allow projects and exchanges to adopt DLLR and bridge it’s liquidity out into other chains to drive demand for a Bitcoin backed unstoppable stablecoin.

Strategic Update - Sovryn's Sustainable Revenue Model

Generating sustainable revenue is key for any project to succeed in the long term. Sovryn has been carefully built to address this issue, generating revenue and paying stakers in BTC. The exchequer had to be very careful with funds to do this successfully.

While most crypto projects use ponzy-nomics to drive liquidity and a proliferation of POS where users earn yield on their own token, which acts as inflation. This is not true yield, just re-distribution from those who don't stake to the stakers and is recursive. Which does not lead to long term sustainability.

Where does the yield coming from? - Allen Farrington

Sovryn had to be very strict to ensure sustainability. There are periods where projects are not profitable while trying to grow, and overcoming this hurdle is a big challenge. Even Bitcoin depends on block subsidy to make it sustainable, so it's not an easy task. It appears as if the protocol is turning and important corner in this regard.

Sovryn generates revenue and pays stakers in RBTC through a careful and sustainable business model. This generates real value for stakers, with SOV generating an average of 10.8% for the last 90 days. When staking for the max amount, earnings have been 14.9%. While this is no guarantee it does point towards the fact that the protocol is generating real value for its users and stakers, not in another useless token, but in BTC.

The improved dashboard will make it easier to track, allowing Sovryn to move beyond the alpha phase and become a more mature project.

Next Phase - Sovryn's Improved UI and Accessibility

The platform will continue to improve its UI in a transitional phase before focusing on accessibility. The team will be more aggressive with marketing as the protocol is ready, aiming to grow the audience and awareness. The release of Sovryn Financial, a self-custodial neobank experience, will address mobile conversion issues.
The protocol is getting ready for mass adoption and getting out of Alpha stage.

Platform - Sovryn as the Go-To Platform for Builders

Sovryn aims to become the go-to platform to build on Bitcoin, with deeper lightning integration, trustless peg improvement, privacy, scalability, and an ecosystem of projects. Recent releases include the DLLR/RBTC AMM pool, staking contract upgrade, and DLLR lending and borrowing pools. The team is working on the SOV incentives for the stability pool, fee sharing contract update, and Sovryn Token Bridge interface.

Dev Update - Recent Releases and Work in Progress

Recent releases include the new Sovryn APP with Zero in the front center with the launch of DLLR, the liquidity mining contract, and several small frontend releases. The team is currently preparing the documentation for the DEV portal and working on Zero's redemption alert. Sovryn is also focusing on bringing more volume into the platform by integrating with centralized and decentralized projects.

Community Call to Action

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We value your feedback, so please let us know how we can improve our services to the Bitcoin community.

Remember to stay Sovryn!

Visit: https://sovryn.com/ for more info