Stake SOV to Earn Bitcoin: Passive Income Through Sovryn's Unique DeFi Platform

The world of decentralized finance (DeFi) has opened doors for investors looking to earn passive income through staking programs. Sovryn, a bitcoin-native DeFi platform, offers a unique approach that stands out from the rest. Our staking program allows users to stake their SOV tokens and, in return, earn rewards in bitcoin This is a key differentiator, as most staking platforms reward users in their native tokens, which is inflationary and comes at the expense of other token holders. The increase in token supply dilutes the value of existing tokens. Bitcoin is the first, most stable, and most desired digital asset. By offering Bitcoin rewards, Sovryn differentiates itself from all the other projects on the market.

SOV staking offers numerous advantages, making it an essential part of the Sovryn ecosystem. By staking SOV, users can actively participate in governance, earn rewards, and enjoy exclusive perks. Here’s a breakdown of the key benefits:

• Bitcoin Rewards
  Earning bitcoin while staking SOV sets Sovryn apart. Bitcoin’s established value and dominance in the cryptocurrency market make it an attractive asset for investors looking for stability and enjoying future bitcoin gains.

• Bitocracy
  Sovryn isn’t just a protocol; it’s a decentralized autonomous organization (DAO) governed by its community. SOV stakers play a crucial role in decision-making by voting on Sovryn Improvement Proposals (SIPs). Key decisions, proclamations, and smart contract changes are brought to the SOV staking community for a vote.

• Trading and Protocol Fees
  Stakers earn bitcoin through the fees generated by trading on Sovryn’s Automated Market Maker (AMM), as well as margin trading, lending, and borrowing activities. Fees accrued in bitcoin tokens are converted into bitcoin weekly, while SOV revenue is distributed directly. Stakers can claim their rewards weekly, benefiting from the platform's broad range of services and overall activity.

• Zero Protocol Fees
  The Zero protocol offers another revenue stream for SOV stakers by distributing two types of fees:
  - Borrowing fees in the form of ZUSD, a USD-pegged stablecoin
  - Redemption fees are paid in RBTC

This dual mechanism ensures that stakers receive diverse rewards based on protocol usage.

• Slashing Fees: Penalty Revenue
  If users unstake their SOV before the end of their staking period, they incur a slashing penalty of up to 30%. These penalties are redistributed among the remaining stakers, providing an additional revenue source for those committed to long-term staking.

Ethereum 2.0 Staking

Ethereum 2.0 staking requires users to lock up 32 ETH in exchange for rewards in ETH, Ethereum’s native token. While this rewards system is effective for long-term Ethereum believers, it lacks the appeal for users focused on accumulating bitcoin.

Cardano (ADA) Staking

Cardano allows users to stake ADA and earn more ADA. While Cardano offers a user-friendly staking experience with low entry requirements, the rewards are limited to ADA, which may not attract bitcoin enthusiasts. Additionally, ADA is considered an asset more volatile than Bitcoin, which may be a concern for investors seeking stability.

Polkadot (DOT) Staking

Polkadot offers staking rewards in DOT, with high yields but equally high volatility. Like Ethereum and Cardano, rewards are distributed in the platform's native token, meaning investors are exposed to Polkadot’s performance rather than the more stable and valuable bitcoin.

We distribute Bitcoin to Stakers using RBTC (Rootstock’s native bitcoin token, pegged 1:1 with bitcoin), which is earned from trading fees on the Sovryn AMM and the Zero protocol. RBTC is collected from the AMM and fees and converted weekly from other non-SOV assets, and can be claimed by Stakers. Sovryn provides FastBTC, which allows RBTC to be bridged to BTC easily and affordably. Additionally, SOV staking allows participation in governance and access to other benefits like fee sharing & slashing penalties.

We offer a compelling alternative to traditional staking programs. Our focus on bitcoin rewards, decentralized governance, and sustainable reward mechanisms makes it a strong choice for those prioritizing bitcoin accumulation. While other platforms offer native token rewards, Sovryn allows investors to grow their bitcoin holdings, a distinct advantage in today’s crypto landscape.