Sovryn Announcements

35,974 users are now harvesting SPICE Points on Sovryn!

From just 1,387 users in Season 1 to an explosive 13,483 in Season 2, Season 3 has been nothing short of remarkable.

SPICE Distributions Update
New Distributions:
- 149.6M SPICE distributed to 11,049 users between November 6-13 (7 days).
- 7x multiplier for all assets (excluding DOG and PUPS pools).
- 20x multiplier for LSTs.

$DOG and $PUPS LP Rewards:
- $DOG LPs received the remaining 22.5M SPICE for the last 3 weeks.
- $PUPS LPs received 15M SPICE for the first two weeks.

Still Up for Grabs:
- 15M SPICE remaining for PUPS LPs until November 25, 2024, as part of the Rune-oriented Spice campaign.
- so far 70 Rune Liquidity Providers for DOG and PUPS pools received 37.5M SPICE this round.

Totals
Since the beginning of the Spice Season 1 BOB campaign, we’ve distributed 11.33 billion SPICE points to a total of 35,974 users.
That’s an average of 314,965 SPICE per user!

Community Achievements
- A huge shoutout to our community for propelling Sovryn to 2nd place in the recent vote.
- Voting SPICE will be distributed next week alongside the regular SPICE distribution.


Don’t miss your chance to join the next wave of rewards - We are STILL the best place to earn Spice ⬇️
https://app.gobob.xyz/sign-up?refCode=u0i6lk

SIP-0083 passed! Sovryn will lead BitcoinOS launch and retain 10% of $BOS

A landmark of over 31% turnout from hundreds of voters positions our Bitocracy as the most active DAO in the world!

$SOV stakers to discuss dividing the funds in their best interest. Follow us for updates.

Sovryn Developer Update

• Convert:
Dollar values are now shown for source and destination tokens and for "Minimum Received" and "Maximum Price," providing clearer transaction insights.

• Market Making:
The "LP Fee Rate" and "Last Price" columns are now visible even without connecting a wallet, making market analysis more accessible.

• Market Making - New Feature:
A new "Incentives" column has been added, displaying BOB Spice multipliers for assets in pools to highlight additional rewards.


Check it out ⬇️
https://sovryn.app/

SIP-0083 Live – VOTE for Sovryn to retain 10% of $BOS!

Your vote will help determine Sovryn's role in incubating and launching BitcoinOS, along with securing a 10% allocation of $BOS tokens for our community.

As discussed in recent community calls, this could transform Sovryn's path from dapp to freedom incubator, marking a pivotal moment for Bitcoin-native projects.

Important Correction: The previous SIP was posted with an incorrect 20% quorum parameter instead of the required 5% for proclamation SIPs. If you voted on the previous SIP, we apologize for any inconvenience. Please vote again on the new one.

All VP holders, please connect your wallets and vote whichever way you see fit. Strong voter turnout will be crucial for this important decision. Vote now ⬇️
https://sovryn.app/bitocracy/0xff25f66b7d7f385503d70574ae0170b6b1622dad-21

Shape the future of Sovryn - every vote counts.

Sovryn proposes leading the launch of BitcoinOS and securing a 10% $BOS token allocation for our community.

SIP-0083 is going to a vote on Monday, Nov 11th at 6 PM UTC!

This will mark a huge step for Bitcoin-native smart contracts, and YOU can decide how Sovryn’s community will benefit.

Key Highlights:
- BitcoinOS:
Unlocking smart contracts on Bitcoin
- Sovryn’s Role:
Leading $BOS token launch & decentralized governance
- Community Allocation:
10% $BOS tokens to Sovryn, governed by Bitocracy

Read the full SIP here ⬇️
https://forum.sovryn.com/t/sip-00xx-proposal-sovryn-bitcoinos-contributor-and-bos-token-launch/3267

Spaces LIVE ⬇️
https://twitter.com/i/spaces/1kvJpbkrqzPKE

We are LIVE ⬇️
https://discord.gg/sqApMxc7

Happening Today! Join the SIP AMA: Sovryn as BitcoinOS Contributor & $BOS Token Launch!

Don’t miss out, join us today to discuss the latest SIP, where Sovryn takes the lead in launching BitcoinOS and distributing $BOS tokens. Bitocracy $SOV Stakers are set to receive 10% of the total $BOS allocation!

Be part of Bitcoin's future with us ⬇️
https://discord.gg/sqApMxc7

SIP AMA: Sovryn as BitcoinOS Contributor & $BOS Token Launch!

Join us to dive into the latest SIP, where Sovryn would lead the BitcoinOS launch and $BOS distribution. Sovryn’s Bitocracy $SOV Stakers set to receive 10% of the total $BOS token allocation.

Be part of the future of Bitcoin with us! ⬇️
https://discord.gg/sqApMxc7

SIP: SOVRYN TO RECEIVE 10% OF BITCOINOS’s $BOS TOKEN ALLOCATION. $SOV STAKERS TO DECIDE ON DISTRIBUTION.

Sovryn has been incubating and contributing to BitcoinOS from day one. This SIP is set to solidify our status as a founding contributor and secure the $BOS token allocation.

This SIP proposes Sovryn lead the launch of BitcoinOS - the first system to achieve ZK proof verification on Bitcoin mainnet. This isn't just another L2; it's a fundamental upgrade to what Bitcoin can do.

From inception to breakthrough, we've been there - incubating, designing, testing. Now, with partners like Cardano, Merlin Layer, and others already onboard, we're ready to take the next step.

Our role? Launching the $BOS token, developing a Bitcoin-native token standard, and bringing our governance framework to ensure true decentralization from day one.

BitcoinOS is proposed to launch through Sovryn's Bitocracy - a DAO with thousands of active voters and one of the highest participation rates in the space.

They say Bitcoin can't evolve. They say it can't compete with smart contract chains.
They're about to be proven wrong.

Read the SIP in the Sovryn Forum🔗 ⬇️
https://forum.sovryn.com/t/sip-00xx-proposal-sovryn-bitcoinos-contributor-and-bos-token-launch/3267

Runes on Sovryn: PUPS•WORLD•PEACE campaign has officially concluded!

A huge thank you to everyone who participated and provided liquidity in our PUPS pools. Though the campaign has concluded, $PUPS will remain available for trading on Sovryn.

Campaign Highlights:
During this campaign, liquidity providers had the opportunity to contribute to our $PUPS / $POWA and $PUPS / $WBTC AMM Pools, earning rewards in $POWA, BOB Spice, and a share of the trading fees.

The top 10 liquidity providers in our $PUPS pools are showcased in the graphic below, check if you’re among the winners.

Additionally, all participants who provided full-range liquidity (50/50) will receive a portion of the $2000 POWA prize pool based on their deposit size. A random snapshot of deposits was taken to determine eligibility.

Both rewards will go out in the next couple of days.

Spice Points:
We will continue to reward participants with over 500k Spice points per day across each of the $PUPS pools. The earlier you deposit, the more Spice you’ll earn!

The Spice Points giveaway will run until November 25th.

We've hit a major milestone with 35,922 users now harvesting Spice Points on Sovryn

Starting from just 1,387 users in Season 1, we saw rapid growth to 13,483 users in Season 2, and now, we're thrilled to announce this remarkable expansion in Season 3!

Here's how we’re celebrating our community with significant rewards:

SPICE Distributions:
1️⃣ 3.75M SPICE each for DOG/wBTC and DOG/POWA LPs, with first-week LPs already rewarded
2️⃣ 216.6M SPICE distributed to our liquidity providers and stakers for the period between October 22-30.
3️⃣ 150M SPICE for our loyal voters, liquidity providers, and stakers from previous distribution, as a Season 3 Bonus Spice drop is underway.
● 50M SPICE each from us and Segment Finance for voters who supported both platforms in the last vote.
● 20M SPICE for Sovryn voters, 20M SPICE for LPs and stakers, and 10M SPICE for everyone who cast a vote, even those with low or 0 VP

User Stats:
This time, 25,039 voters participated, representing a diverse spectrum of voting power

Since Season 3 started, we’ve distributed 1.9 billion SPICE points to 35,174 users. From Season 1 to now, that total has reached 11 billion SPICE points across 35,922 users, averaging 306,539 SPICE per user!

A huge thank you to our amazing community for your continued engagement and support. Sovryn remains the best place for earning SPICE on BOB, and it’s all because of you. Let’s keep building, voting, and growing this community together ⬇️
https://app.gobob.xyz/sign-up?refCode=u0i6lk

Sovryn Development Update

-Updates to sovryn.app ⬇️

- Conversion Chart: Added chart display for selected conversion pairs to improve user insights.
- Protocol Data Enhancements: Ecosystem statistics are now available in BTC and USD across all supported chains.

Updates to alpha.sovryn.app ⬇️

- Spot and Margin Trading Charts: Switched data source for charts from subgraph to indexer, enhancing data accuracy and performance.

PUPS•WORLD•PEACE

We’ve launched a new Rune Pool on Sovryn: $PUPS

Supply liquidity to our $PUPS/$POWA or $PUPS/$WBTC AMM Pools for a chance to earn $POWA, BOB Spice, and a cut of the trading fees!

Rewards:
1️⃣ The top 10 $PUPS liquidity providers will win prizes out of our $2000 $POWA pool:
1st Place: $650
2nd Place: $450
3rd Place: $300
4th Place: $200
5th Place: $150
6th Place: $100
7th - 10th Places: $50 each

2️⃣ Everyone who provides full range liquidity (50/50—Tutorial below) will receive a portion of our $2000 POWA prize pool on a pro-rata basis to their deposit. A random snapshot will be taken…

The greater the deposit, the greater the reward.

Duration:
October 28th Oct – 4th Nov

3️⃣ To celebrate Runes, BOB is giving away over 500k Spice points daily to each of the $PUPS pools. The earlier you deposit the more spice you’ll earn.

Duration (Spice Points only):
October 28th Oct – 25th Nov

Deposit & Trade now ⬇️
https://sovryn.app/runes

New to trading Runes or providing liquidity on the Sovryn dApp? Check out our wiki and get started ⬇️
https://wiki.sovryn.com/en/campaign/runes

POWA TG Group ⬇️
https://t.me/SovSquad

DOG•GO•TO•THE•MOON Campaign Concluded

We have collected all eligible Galxe campaign addresses, and your $POWA will be deposited soon.

Congratulations to the top 10 $DOG liquidity providers! Check the attached graphic to see if you're among them.

A special shoutout to the $DOG community for being the first Rune Pool to go live on Sovryn. $DOG will continue to trade on our dApp and will soon be joined by more Runes.

Next up: PUPS•WORLD•PEACE...

Stay tuned for more exciting Rune Pool updates!

Winner, Winner, Spicy Dinner!

Thanks to your incredible support, both Sovryn and
Segment Finance have secured first place in our respective categories in Part II of our collaboration!

We'll be rolling out an extra BOB Spice distribution very soon. Stay tuned.

The Best Spice Multipliers on BOB!

We always aim to provide our users with the best Spice multipliers on BOB. Our newly launched LST pools are receiving the most significant multipliers yet, presenting a fantastic opportunity for you to maximize your rewards.

The fourth regular Season 3 Spice distribution has been shipped out. This time, we distributed 341,581,568 Spice to 10,970 users.

To ensure you get the most out of your participation, we've applied a 20x multiplier for LST assets (UniBTC and SolvBTC.BBN) and a 10x multiplier for all other assets provided as liquidity or staked on the Sovryn DEX (except for DOG Rune pools, which have a separate amazing Spice distribution, which will happen soon).

Seasonal Distribution Highlights:
• Season 3:
Distributed approximately 1.59 billion Spice to 17,199 unique addresses
• Seasons 1–3 (including Voting):
Distributed a total of approximately 10.69 billion Spice to 18,190 users

It is still the perfect time to join or increase your involvement and take full advantage of the best Spice multipliers available ⬇️
https://app.gobob.xyz/sign-up?refCode=u0i6lk

Part II of our collaboration with Segment Finance is here!

Vote for both projects and if we both secure the top three, we will allocate a portion of the earned Spice to the voters of both protocols.

Vote Now - Link ⬇️
https://app.gobob.xyz/apps?category=all

The FastBTC Relay is fully operational!

New BTC/LST Trading Pools Now Live on Sovryn DEX - BOB Chain!

We're excited to announce the launch of new BTC and Liquid Staking Token (LST) oriented trading pools on Sovryn's AMM:

• SolvBTC.BBN / UniBTC
• SolvBTC.BBN / WBTC
• UniBTC / WBTC
• SolvBTC / WBTC

These new pools are a great opportunity to earn even more Spice as we continue to enhance liquidity and trading options on the Sovryn platform. Stay tuned for additional pools launching soon, including PumpBTC and fBTC.

Get ready to trade, provide liquidity, and earn more with these exciting new pools ⬇️
https://sovryn.app/earn/market-making