Heads up Sovryns 🪐 Zero Governance Meeting #6 will be held tomorrow, Wednesday, May 10th in the Community Voice room at 4pm UTC (12pm EDT)!

stay.sovryn.com

New Sovryn protocol update is live! Check out the latest improvements: sovryn.app updates: Added navigation menu for alpha.sovryn.app Fixed line of credit balance display Enhanced loading/error screens with animations Enabled access via Tor Changelist:

github.com

alpha.sovryn.app updates: Added navigation menu for sovryn.app Fixed 24hr price display on Trade pages Enabled access via Tor Changelist:

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Important Sovryn announcement: The stability pool page is under maintenance as we implement SIP-0061 Zero stability pool subsidies. Thank you for your patience and understanding. Stay tuned for more updates!

SIP-0061: Zero stability pool subsidies has been enacted and is now in effect! SOV allocated from the subsidy pool to stability pool depositors at 5% APR. Read the full details: [https://github.com/DistributedCollective/SIPS/blob/SIP-0061/SIP-0061.md]

SIP-0061: Zero Stability Pool Subsidies” has been ACCEPTED by SOV stakers! After the time lock period, the proposal will go into effect in approximately 48 hours. We thank the proposal authors, reviewers, and voters for their participation.

bitocracy.sovryn.app

SOV stakers! You have 12 hours left to cast your vote on ”SIP-0061: Zero Stability Pool Subsidies ” Vote: [https://bitocracy.sovryn.app/governorOwner/27](https://bitocracy.sovryn.app/governorOwner/27) Discuss: [https://github.com/DistributedCollective/SIPS/blob/cc1a368/SIP-0061.md](https://github.com/DistributedCollective/SIPS/blob/cc1a368/SIP-0061.md)

SOV stakers! The vote on SIP-0061 ZERO STABILITY POOL SUBSIDIES is live now. Read the proposal and discussion to inform yourself before the vote:

github.com

And vote here:

bitocracy.sovryn.app

Reminder 📌 The Sovryn Community Call starts in 30 minutes Be sure to tune in here:

discord.gg

Join us for the #Sovryn Community Call on Thursday, May 4th at 3PM UTC! Don't miss this opportunity to learn about the latest updates and ask your questions. See you there, and remember to Stay Sovryn!

Sovryn Platform Community Call Happening now! Join us in Community Voice 👈

The next phase in Sovryn's evolution! Join us on Friday, April 28th at 4pm UTC to discuss the evolution of the Sovryn platform and the future of the Sovryn Layer. Bring your ideas, feedback, and questions—let's shape our future together! Stay Sovryn

Heads up, Sovryns! Zero Governance Meeting #5 will be held today, Wednesday, April 26th in the Community Voice room at 4pm UTC (12pm EDT)! See ya there!

discord.com

We've got some updates for you Sovryns! sovryn.app updates: • The "Liquidation alerts" email notifications updated to "Liquidation and redemption alerts" • Alerts for partial/full redemption • Various bug fixes

github.com

alpha.sovryn.app updates: • Updated Sovryn Alpha to use the new $FISH token logo throughout the app • Miscellaneous other minor bug fixes and improvements, full list here:

github.com

1/ Welcome to #StrategiesFriday! Does the idea of earning an average annual APY of over 100% on a #Bitcoin backed #stablecoin seem impossible to you? A recent study on #Sovryn's #Zero stability pool suggests otherwise. Join us as we explore this innovative strategy #GetOnZero

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RT @TheArtOfTomas: 1/ 🎉 Exciting News! 🎉 Introducing the latest issue of "Sovryn Chronicles" - a deep dive into the world of @SovrynBTC an…

RT @EdanYago: The APR for staking $SOV on @SovrynBTC is up to almost 19% - paid in #BTC!

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RT @BetsyBraddock14: @JohnThomasGalt You should check out Zero (built by @SovrynBTC ) - it lets you borrow against your bitcoin with 0% int…

1/ 🎉 Welcome to #DLLRThursday! Today, we delve into Sovryn's new borrowing and lending pool, focusing on the benefits and use cases of this type of pool within Sovryn - a decentralized exchange on the @rootstock_io #blockchain. Are you ready to profit? Let's dive in! 💰🚀

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Attention $SOV stakers: The fees to be distributed via the fee sharing contract are the following: 🔸 Total $SOV: 6275.898259771202 🔸 Total $ZUSD: 16658.600400155126 🔸 Total $RBTC: 0.8787788861648984 🧵 (1/3)

1/ 🚀 Welcome to #YieldFarmingTuesday! Today, let's explore the advantages of participating in yield farming on #Sovryn, and why it's the perfect place to level up your #DeFi game. Embrace the power of the #Bitcoin ecosystem! 🌐💰 #DecentralizedFinance

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RT @babelfishmoney: To everyone from the BabelFish community and beyond, (@rootstock_io,@RootstockersBTC,@moneyonchainok,@SovrynBTC) We wo…

RT @TheArtOfTomas: @soloscaleai @SovrynBTC Yes, they released a guide on how they get this particular style, it can be found here: https:/…

[1/11] 🚀 Welcome to another #MacroMonday! Today, we're diving into insights from Jeremy Grantham's podcast on the @TIP_Network, where he calls a Super Bubble and shares his perspective on the current market downturn. 📉 #economy #Finances #macroeconomics

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🎉 Congratulations to the winners of our Art AI Contest! 🏆 1st: Jimmy Shaker - 250 SOV tokens 🥇 2nd & 3rd (tie): MrThomas and Rusnamer - 125 SOV tokens each 🥈 Winners also receive a Sovryn T-Shirt, and their art will be featured on our website! Thank you and Stay Sovryn!

Happy Monday, Sovryns The Liquidity Mining Rewards have been updated: 🔸 $DLLR/$BTC Pool - 20k SOV 🔸 $XUSD/$BTC Pool - 5k SOV 🔸 $SOV/$BTC Pool - 10k SOV Going forward we will do liquidity mining updates on Tuesdays. *Shoutout to @SnowmanThread for the art

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1/ This #CommunitySunday, we are thrilled to unite the @taho_xyz community with the #Sovryn ecosystem. Let us delve into the distinct advantages of TaHo wallet and examine how it harmonizes with Sovryn's philosophy. 🧵👇

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1/ #Sovryn's staking system is uniquely designed to provide a more robust and attractive model compared to other #DeFi projects. Let's explore how #SOV #staking works and why it stands out in the world of #decentralized finance. 📈💡 #DYOR #Sovryn

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1/ Let's delve into the Stability Pool, a cornerstone of the #Sovryn ecosystem. By depositing your #stablecoins, you contribute to the system's stability and earn rewards through strategic acquisition of #Bitcoin. 🏛️💰 #DYOR #StabilityPool

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RT @EdanYago: People have been sleeping on @SovrynBTC Over the last 6 months, $SOV staking yield has been between 12-26%... Paid not in…

Major Update 🙌 🔸 SIP-0060 is implemented. Users can use DLLR as collateral for borrowing supported assets (currently BPRO & RBTC). 🔸 DLLR lending pool is live. Users can lend &borrow DLLR using supported assets as collateral (currently RBTC & SOV).

stay.sovryn.com

📢 Calling all Sovryns! The long-awaited Community Call #51 starts in 1 hour (3pm UTC) Tune in here 👇

stay.sovryn.com

1/7: In decentralized finance, there's one #stablecoin that stands out: #DLLR. As the backbone of the #Sovryn ecosystem, it's the foundation for a new financial system built on #Bitcoin. #DLLRThursday @SovrynDollar #Btc

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⏰ Reminder: in 30 minutes (4pm UTC), we'll be starting our Zero Governance Meeting #4 Tune in 👇

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Vote for your favorite Sovryn Art work. See the thread for the finalists👇 #StaySovryn

Liquidity mining rewards update: 🔸 SOV/RBTC AMM pool rewards were reduced from 15,000 $SOV to 12,000 $SOV per week 🔸 XUSD/RBTC AMM pool rewards were reduced from 15,000 $SOV to 7,500 $SOV per week 🔸 Promotional cards in the dapp now show current APY for the relevant pool

1/ @JeffBooth 's insightful book "The Price of Tomorrow" explores the transformative effects of #technology on our global society. In his own words, "As technology advances, the world becomes more connected, and power shifts from centralized institutions to individuals." 📚

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Tomorrow, Wednesday at 4pm UTC, the Zero Governance Meeting #4 will be held in the Community Voice room👇

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See ya there!

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Attention Sovryns! The #SovrynArt contest has come to an end, and we're thrilled to announce the winners very shortly 🏆 We appreciate everyone who participated and are delighted with all the incredible art created Stay Sovryn!

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$SOV stakers! The vote on ”SIP-0060: Add DLLR as collateral for borrowing” has been scheduled for tomorrow, April 11th. Read the proposal and discussion to inform yourself before the vote:

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1/ 🚨 The Federal Reserve is now operating at a loss and will soon have negative tangible equity. This has major implications for the economy. A thread inspired by @LynAldenContact's article 👇 #economy #FederalReserve

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Today at 4pm UTC, the Zero Risk meeting will be held in the Community Voice room on Discord:

discord.com

See you there!

Sovryns! The TVL table on

alpha.sovryn.app

was updated to include the Mynt aggregator balance. On the back of this TVL update, we will be submitting an update to @DefiLlama (https://defillama.com/) to include Zero and Mynt TVL in the Sovryn TVL calculation.

Sovryns! To follow up on the fee claiming checkpoint issue reported last Thursday: the “Fees Earned” tab has been re-enabled, and we have pushed a temporary frontend fix to address the issue. If a user is affected by the checkpoint issue, this temporary fix will show a critical error for the affected asset and prevent the user from making a claim transaction that the frontend knows in advance will fail. If the user is not affected by the checkpoint issue, then transactions that the frontend knows will succeed will successfully confirm as normal without any error shown. We are still working on a smart contract update that will ultimately fix the underlying checkpoint issue that is preventing some users from claiming rewards on the “Fees Earned” tab. We will follow up when we have an ETA for this smart contract update.🙌

Maintenance Mode update: -The “Fees Earned” tab of the Rewards page in Sovryn Alpha has been put into maintenance mode. An issue was discovered that is causing rewards claiming transactions to fail if the user did not have any stake on the staking contract during the first 100 checkpoints for a given asset being claimed. -We are now working on two updates to fix this issue: next week, we will have a frontend update that will enable us to lift maintenance mode on the “Fees Earned” tab, and provide a critical warning to affected users and prevent them from making the failing transaction. -We are also working on a smart contract update that will fix the underlying issue so that these users will be able to claim their rewards without issue. We do not have an estimate for when the smart contract update will be available yet, but we will follow up once we have that information. -While maintenance mode is enabled, and for those users specifically affected by the checkpoints issue, rewards will continue accruing on the smart contract as expected and will be available for claiming as soon as the relevant issues are fixed.

Below are the DLLR/RBTC AMM pool liquidity mining rewards updates: 🙌 -The liquidity mining contract has been updated to allow rewards to be set to be 100% liquid (previously they could only be set to be partially liquid) -The liquidity mining rewards on the DLLR/RBTC pool have been updated so that now liquidity mining rewards earned by DLLR/RBTC pool LPs are 100% liquid. All unclaimed liquidity mining rewards earned by DLLR/RBTC pool LPs up until this point can now be immediately withdrawn as fully liquid rewards. -The Reward SOV tab of the Rewards page has been updated to indicate how much of the unclaimed rewards are liquid and how much are vested. Clicking the “Claim” button on this tab will claim both liquid and vested rewards at the same time. -The error message shown when rejecting transactions using Liquality has been made more user friendly.

SOVRYNS! DLLR/RBTC AMM pool liquidity mining rewards update: maintenance mode has been activated for a short time period. Thank you! 🙌

Zero Risk Meeting #2 is live in five minutes on Sovryn Community Voice on Discord! 🙌

Today at 4pm UTC, the Risk meeting will be held in the Community Voice room on Discord:

discord.com

See you there!

Exciting updates! 🔐 Ledger users can sign EIP-2612 permit transactions in the web app 📩 Improved email notification management 💰 Higher default gas limits for DOC to DLLR conversions and RBTC fee withdrawals Full detail below: - Ledger users can now sign EIP-2612 permit transactions in the Sovryn web app. This fixes a previous limitation that prevented Ledger users from repaying debt using DLLR, closing a line of credit with DLLR, or depositing to the stability pool with DLLR. These actions can now all be performed in a single onchain transaction, rather than having to first make one transaction to convert DLLR to ZUSD then make a second transaction to complete the intended action. - The email notification signup and management flow has been improved and made consistent between the Sovryn and Sovryn Alpha web apps. Sovryn Alpha users can now independently toggle on/off their margin and spot trading notifications. -The default gas limit has been raised for converting DOC to DLLR in the Sovryn web app. The default gas limit has also been raised for withdrawing RBTC fees from the “Fees Earned” section of the Rewards page in Sovryn Alpha. These updates should prevent users from getting “out of gas” errors when making these transactions.

We are excited to announce our new AI art competition!🙌 The competition will run for two weeks, starting from **Monday 27th March, 2023, to Monday 10th April, 2023**. During this time, contestants can use any AI tool to create their artwork, including Midjourney, Stable Diffusion, and any other AI tool to create their masterpiece. Sovryn will award SOV and Sovryn merch to winners - see Discord for full details due to Telegram character limits. To participate, contestants must share their artwork using the hashtag #SovrynArt. Participants submit their artwork on platforms including Twitter, Nostr, LinkedIn, Sovryn Discord, Sovryn Telegram, Facebook, or Instagram. Artwork must be original and not violate copyright laws. The judging criteria for the competition will include creativity, originality, technical proficiency, and relevance to the Sovryn ethos! 🚀 PS: Do you need inspiration for that "Sovryn" style? Check out our AI art guide!

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