Maintenance mode is now lifted! "SIP-59: Zero Fee Floor Update" was executed successfully, updating following settings: * Borrowing fee floor: from 2.5% to 5% * Max borrowing fee: from 5% to 7.5% * Redemption fee: from 2.5% to 1.9% Remember that there are recurring Zero DLLR Risk meetings to review and discuss these settings open to all members of the community. 🙌

Sovryns! "SIP-59: Zero Fee Floor Update" will now be executed! Until this process is complete - maintenance mode will be enabled on Zero Line of Credit functionality - stay tuned for further updates soon!

Maintenance mode has been lifted! 😊 We have: * Updated FastBTC FE * Successfully executed SIP-58 and fixed the vesting stakes Please note that: * Fee sharing distribution will resume from tomorrow: with the regularly scheduled fee distribution tomorrow, all of the outstanding fees will be distributed!

As mentioned yesterday, we have now paused FastBTC and Staking functionality. Thank you for your patience!

Sovryns - Several Announcements for You! -"SIP 57: Add Ordinal Doge Token ($oDOGE)" to Sovryn AMM Pools was defeated. -"SIP 58: Staking contract update" passed and is scheduled for execution tomorrow at 10am UTC. -Prior to execution of SIP 58, we will put the staking section into maintenance mode. At the same time FastBTC will go into maintenance mode for a front end update. -"SIP-0059: Zero Fee Floor" is up for voting! View the proposal here:

bitocracy.sovryn.app

The community has spoken! The Sovryn 48-hour meme competition winners are: First Place: @torigenius1 who wins 250 DLLR + a Sovryn t-shirt. Second Place: @ProCryptoTech who wins 100 DLLR + a Sovryn t-shirt. Third Place: @pepegepepe who wins a fabulous Sovryn t-shirt. Thank you to everyone who participated!

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Sovryns! The fee for bridging ETH was reduced from 0.05 ETH to 0.02 ETH, and the fee for bridging stables was reduced from 50 USD to 30 USD We also updated the minimum transfer amounts from 0.08 ETH to 0.04 ETH and from 80 USD to 50 USD.

Checkout the Zero analytics dashboard created by @onedigitmoney:

sovryn.com

vxtwitter.com

Just a reminder for oDoge SIP. It is scheduled for Sunday 19, March 2023. 8 PM Pacific time zone. And I will need the VP to be up at that time so please continue to provide your VP if possible add more. Once the SIP goes online you can remove it. 0xfa2ef60da01174d12f79046b42d54aa052ea360c

babelfish-money.medium.com

forum.sovryn.com

babelfish-money.medium.com

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The Sovryn Dollar Launch: Bitcoin as a Decentralized Bank 🏦 Today at 1700 UTC ⏰ Checkout @SovrynDollar on Twitter

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Sovryns! Maintenance mode has now been activated for ZEA and fee rewards. The launch is in progress. Thank you for your patience! ✊

*The Sovryn Dollar arrives this Thursday!* 🚀 To celebrate we are starting a 48-hour *meme competition.* Here’s the brief: create a meme about why the Sovryn DLLR is important.

sovryn.com

Sovryn will be award the following prizes to the winners: *First Place: 250 DLLR, and a Sovryn t-shirt.* *Second Place: 100 DLLR, and a Sovryn t-shirt.* *Third Place: Sovryn t-shirt.* The community will vote on finalists! *Step 1:* Like and retweet this post *Step 2:* Post your meme on any of these platforms with the hashtag #SovrynDLLR: Twitter Nostr Instagram LinkedIn Facebook Sovryn Discord channel Sovryn Citadel TG group You have until 2pm UTC, Thursday the 16th to submit 1-3 memes🙌 Let’s go!

The new vote on SIP-0054 and SIP-0055 is now live! SOV stakers now have 24 hours to cast a vote. For voter convenience, both proposals have been consolidated into a single vote. Cast your vote here:

bitocracy.sovryn.app

*USDC and DAI lost their peg.* The deposit of these assets to XUSD on the smart contract level have been paused as result. It is no longer possible to deposit those stablecoins and therefore XUSD is safe. However, we decided to leave XUSD deposits on the bridge on the UI in maintenance mode until Monday. This is just us being careful.

Co-founder of Rootstock, Adrián Eidelman, says: “By removing the limit of 4,000 BTC to be moved onto Rootstock, we are opening up numerous possibilities for the growth of Rootstock and Bitcoin DeFi. The Rootstock ecosystem becomes more robust, and enables a larger user base to explore the vast opportunities present in the world’s most secure smart contracts ecosystem.”

Hey Sovryns. Please follow

twitter.com

page. To get updates on all things DLLRs.

Sovryns, we've launched the new Zero analytics dashboard! Get real-time and historical information on key Zero metrics. Monitor your line of credit and overall protocol performance. 🔍

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vxtwitter.com

We have the final results of the SIP votes started yesterday, and an important update regarding SIP-0054 and SIP-0055: — SIP-0054: SUCCEEDED FOR: 100.00% AGAINST: 0.00% - SIP-0055: SUCCEEDED FOR: 89.24% AGAINST: 10.76% – SIP-0056: SUCCEEDED FOR: 90.59% AGAINST: 9.41% – Important update: Due to a misconfiguration in the deployment script, Exchequer is vetoing SIP-0054 and SIP-0055. The authors of these proposals are now coordinating to start a new vote on the proposals scheduled for Monday, March 13. More details:

forum.sovryn.com

FastBTC will go into maintenance mode for a short period at approx. 16:15 UTC today. ⚙️

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Sovryn Dollar + Defiant Wallet ft. @rivers and Bruno Calmels Today at 1500 UTC. Join us. All Sovryns and Rootstockers are welcome.

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“I wrote a blog post about #Nostr for beginners. Hope you all enjoy and find useful. I am an early adopter of Nostr and really believe its the next evolution of social media, content creation and will help grow a #bitcoin based economy. Take the #purplepill! 🟣💊” -Sovryn Matt

sovryn.com

Follow us on Nostr:

sovryn.com

SOV stakers, time to cast your votes! 🗳️ Sovryn contributors have drafted a slate of SIPs related to the launch of the Sovryn Dollar and new Sovryn web app. These SIPs are now live in the Bitocracy app. Below are links to each SIP for your review and vote 👇 SIP-0054: Integrate Mynt with Zero Vote here:

bitocracy.sovryn.app

Discussion thread:

forum.sovryn.com

SIP-0055: Zero Fee Floor Update Vote here:

bitocracy.sovryn.app

Discussion thread:

forum.sovryn.com

SIP-0056: Sunsetting the MYNT Token Vote here:

bitocracy.sovryn.app

Discussion thread:

forum.sovryn.com

forum.sovryn.com

SOV stakers, prepare to vote! Sovryn contributors have drafted a slate of SIPs related to the launch of the Sovryn Dollar and new Sovryn web app. These SIPs are now scheduled to be put to a vote starting on Monday, March 6th. Here are links to each draft SIP for your review 👇 SIP-0054: Integrate Mynt with Zero SIP text:

github.com

Discussion thread:

forum.sovryn.com

SIP-0055: Zero Fee Floor Update SIP text:

github.com

Discussion thread:

forum.sovryn.com

SIP-0056: Sunsetting the MYNT Token SIP text:

github.com

Discussion thread:

forum.sovryn.com

Stablecoins offer stability and convenience... right? 🤔 Not quite!

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A tweet from Manu Ferrari of money on chain… apparently the cap of the powpeg has been lifted!

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Now all 21 million btc could be used to mint RBtc! Great step forward for the ecosystem!

Congrats to @LiquityProtocol for well deserved attention in the press! They have a brand-new listing on Binance, and the LQTY token is pumping. 🚀 In fact, we admire them so much that we created a similar protocol called Zero.

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RT @lightcoin: "bitcoin is money for enemies" is lowkey one of bitcoin's best memes because it communicates and reinforces one of the most…

RT @TheArtOfTomas: First #Bitcoin made us freer! Then @SovrynBTC gave us a way to access their value without selling them! And now, the f…

RT @TheArtOfTomas: Check out the latest clip from @EdanYago on why dynamic #Governance is crucial for @SovrynBTC's success as a set of #per…

RT @sovereignorigin: #SuperHodl Says: No Change! for Feb 27 Almost the end of February, and #bitcoin is rebounding from a small correction…

Happy Monday! Check out Professor @onedigitmoney's deep dive into the relative yield calculations of depositing your ZUSD holdings in the Zero stability pool as an investment strategy Passively buy the #bitcoin dip via liquidations: RBTC at a discount!👏

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Today the most populous country in Africa with the highest crypto adoption on the continent holds general elections. One that might change the course of history for the country, for Africa and for the whole world.

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Looking for some @100trillionUSD level statistical analysis on this fine Friday? 🔎 Take a deep dive into the relative yield calculations of depositing your ZUSD holdings (and soon DLLR) in the Zero stability pool - as an investment strategy!

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RT @SovrynFinancial: What would you do with a 0% interest, $USD loan against your #Bitcoin?

RT @rootstock_io: @mad_bitcoin @DelightEjikeme @bitfinex @SovrynBTC Make sure to share Rootstock x Sovryn's twitter space where "Building a…

1/4 ⚠️ Big news alert! ⚠️ Maintenance mode has been lifted and the staking contract has been unpaused. Staking is live on Sovryn! 🚀

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we've completely rebuilt the underlying wallet connection logic and UI components that we used to build the first versions of our dapp with mobile focus - starting with Zero UI (since the early access experience was pretty bad), and then once that's released we have a full toolkit to build out any other functionality: Bitocracy, Swaps, Lending etc - we can now construct things quickly and in a consistent way (and it will all work on mobile by default!) Expect to see a lot more rapid development of dapp frontend going forward from core team, all following same design principles and UX that you see in the first version with Zero public access. We're going to be releasing the Web3 and UI Libraries to the public dev community soon, as part of the wider "Sovryn SDK" initiative, which will enable other devs to build Sovryn ecosystem products without needing lots of support from Sovryn core team - frees up core team and allows others to build out a truly Sovryn ecosystem 🤓

Weekly staker revenue looking good😎

RT @rootstock_io: 📣Twitter Space: #Rootstock x @SovrynBTC 🎤Join @EdanYago and @alesander97 to discuss Sovryn Wallet, building on Rootstock…

The draft of SIP-0054: "Integrate Mynt with Zero" has been published on the forum.📜 SOV stakers: Review the proposal and share your opinion in the comments ahead of the SIP vote.

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The Future of DeFi Marketing

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RT @TheArtOfTomas: Learn from @EdanYago , core contributor of @SovrynBTC , on how to maximize your earnings with Sovryn Dollars. In this…

1/ As Zero has grown, it has also begun to put pressure on various aspects of the Sovryn ecosystem. One consequence has been a recent spike in redemption volume.