Sovryn Creates a Buzz with B² Network Partnership and Rewards Program

Sovryn, the world's leading Bitcoin DeFi (BTC-fi) application, is thrilled to announce its expansion to the B² Network, bringing its cutting-edge decentralized finance solutions to a new blockchain ecosystem. This strategic partnership marks a significant milestone for both Sovryn and B² Network, promising to enhance liquidity, expand asset offerings, and provide exciting opportunities for users. To celebrate this collaboration, B² Network is launching an attractive reward program, offering daily B² token rewards to liquidity providers in Sovryn's pools for 12 months.

Sovryn is deploying its advanced AMM (Automated Market Maker) swap functionality on the B² Network. This move will introduce Sovryn's renowned liquidity provision and swap capabilities to B² Network users, significantly enhancing the network's DeFi offerings. This will create a new source of revenue for the Sovryn ecosystem.

The reward program will incentivize liquidity providers for pools involving Bitcoin, stablecoins, and ecosystem tokens. A daily reward pool of B² tokens will be distributed to eligible liquidity providers, creating an attractive opportunity for users to earn while supporting the ecosystem's growth.

Arwen, APAC Lead of B² Network, enthusiastically embraced the partnership: "Our mission with B² Network is to exponentially scale Bitcoin while retaining consistency with its Proof-of-Work security foundation. This is what makes the chain so immutable, censorship-resistant, and future-proof. It's quite fitting that one of the longest-standing Bitcoin DeFi platforms, Sovryn, can join us in growing this rich and nascent ecosystem for retail and sophisticated users."

Ingalandia, Head of Ecosystem Growth at Sovryn, added: "Sovryn knows BTC-fi, as one of the most well-known dexes in this space over the last four years. Given B² has a rich audience in Asia, Sovryn can finally make a splash into an untapped demographic. With this partnership, we can expand our unparalleled suite of DeFi applications to ecosystems that aim to scale Bitcoin to new levels of throughput and programmability."

Both Sovryn and B² Network are committed to a swift implementation of this partnership. Work on deploying Sovryn's offerings to the B² Network is set to begin quickly, with the teams aiming for a rapid rollout to bring these exciting new DeFi opportunities to users as soon as possible.

This collaboration has the potential to significantly boost the Total Value Locked (TVL) for both platforms. Sovryn, which currently boasts a TVL of $90 million, anticipates substantial growth as it taps into B² Network's user base. Similarly, B² Network stands to benefit from Sovryn's established presence in the Bitcoin DeFi space. The synergy between these two innovative platforms could lead to a marked increase in TVL and user engagement for both partners.

Stay tuned for more updates, including AMAs and detailed information about the liquidity incentive program. The future of DeFi on B² Network is looking brighter than ever, thanks to this buzzworthy partnership with Sovryn.

For more information, visit Sovryn Website and B² Network Website.

Follow on Twitter: Sovryn & B² Network.

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