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Replying to Avatar Sovereign Matt

Sovryn.app is the first client for the Zero protocol. Zero allows you to use your bitcoin as collateral and borrow against it at 0% interest in return you receive bitcoin backed stablecoins. If you are HODLer and stacker then probably not for you. If you someone who wishes to use their bitcoin without selling it then it could be option for you. BTC backed stable coins also have a lot of real world use cases for nations going through hyperinflation atm looking like in Argentina and Nigeria. And can be a stepping stone to bitcoin for the billions unbanked around the world.

I am very excited about it. But also there financial risks involved and potentially smart contract risks and oracle price risks. Saying that the sovryn team have gone through multiple smart contract audits and have done internal audits.

Helpful links to learn more or DM me.

https://github.com/DistributedCollective/zero

https://sovryn.com/zero

https://sovryn.com/sovryn-dollar

https://sovryn.app/

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Sikto 2y ago

Thanks for getting to me Matt. I’ll take a look at the links!

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