Sovryn Announcements
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The Official Sovryn Announcements Channel Official Community Group: https://t.me/SovrynBitcoin
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Community,
When we first launched FastBTC, our goal was simple: to provide a smooth and reliable way for users to transfer Bitcoin (BTC) into and out of the RSK network. At that time, the native RSK bridging tools for BTC were not yet efficient or user-friendly enough to support the kind of activity our ecosystem required. FastBTC filled that gap and became a core piece of infrastructure for many of you.
Over time, the RSK team has made significant improvements to their native BTC transfer methods. These upgrades have now matured to the point where they provide a secure, efficient, and user-friendly experience that meets the needs of our community without requiring a separate system like FastBTC.
What this means:
- FastBTC will be sunset by November 1, 2025: After this date, FastBTC transfers will no longer be supported.
- Use RSK’s native BTC transfer methods: Going forward, all BTC in/out operations should be done directly through RSK’s native tools.
- Better ecosystem alignment: This change reduces duplication, streamlines operations, and ensures users benefit from the most up-to-date, audited infrastructure available.
Why this is good for the community:
- Security: Native RSK tools now provide stronger guarantees and are actively maintained by the core protocol team.
- Efficiency: Transfers are smoother, faster, and more reliable than when we started.
- Focus: Retiring FastBTC allows us to focus resources on building the next generation of products and features for Sovryn and the wider ecosystem.
We want to thank everyone who used and supported FastBTC over the years. It played an important role in the growth of our ecosystem, and this transition is a sign of progress—RSK’s infrastructure has caught up to the needs of the community.
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Community Call #70 is LIVE ⬇️
https://discord.com/channels/729675474665603133/862301346785787944
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Community Call #70 - Today!
We’re going live at 4 PM UTC on Discord.
Two big topics on the agenda:
• The 10% $BOS token allocation → how it rewards the $SOV community
• Updates on Sovryn Layer → what’s coming & when
Don’t miss it ⬇️
https://discord.gg/ASsbJ72m
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Since last week, Sovryn lending pools and margin trading have been in maintenance mode following a report from our Immunefi bug bounty program.
Important:
Users can still manage and maintain their existing loans.
The pause only affects the creation of new loans and margin positions.
The issue requires a change to the smart contract, and therefore a community vote.
SIP-0087 outlines the proposed fix and how it strengthens pool security going forward.
Join the discussion on our forum ⬇️
https://forum.sovryn.com/t/sip-0087-lending-pools-contract-hardening-security/3415
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Community Call #70
Next week’s call dives into two big topics:
- Sovryn’s 10% of the $BOS token allocation: How it will reward the $SOV community
- Sovryn Layer, updates on our upcoming chain, what and when
Thursday, Sept 25 at 4 PM UTC on Discord ⬇️
https://discord.gg/ASsbJ72m
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Borrowing & Margin Trading in Maintenance Mode
We have identified a potential vulnerability and, out of caution, have paused the creation of new loans and margin positions.
- Important: User funds are safe
- Existing loans and margin positions remain unaffected. You can continue to manage them normally
This pause is a precautionary step while our team works on a fix. Transparency and security remain our top priorities, and we will provide updates as soon as they’re available.
Stay Sovryn
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Sovryn Development Update!
A new release is live on sovryn.app:
• Convert page – High price impact now triggers a warning + checkbox for better protection
• Convert page – Destination token auto-selected if there’s only one option (e.g. ZUSD → DLLR)
• Market making – Longer pair names no longer overflow outside cards
• Zero – Updated issue with ZUSD redemption transactions submitting
On alpha.sovryn.app:
• Swap & margin trading – Limit orders removed from the UI
Check it out and let us know what you think
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70th Sovryn Community Call: Coming This September
We know it’s been a period of waiting, but behind the scenes, we’ve been building, refining, and preparing to deliver on everything we promised to our community.
In this call, we’ll share updates on:
• $BOS token allocation
• Sovryn Layer
• Next products and roadmap
Your patience has helped us focus on delivering the strongest possible foundations. Now it’s almost time to show you what’s next.
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Sovryn Development Update!
A new release is live on sovryn.app:
- Conversion History
Now powered by the indexer, improved performance, reliability, and reduced resource usage
- Bridges Menu
Added PowPeg as an option for bridging $BTC in/out of Rootstock
- Portfolio**
$osSOV $USD value now derived from the $SOV $USD price
On alpha.sovryn.app:
- Fund Wallet Dialog
Also updated to include PowPeg as a $BTC bridge option
Check it out and let us know what you think Sovryns
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The Last 4 Months at Sovryn
This recap covers the biggest highlights from the past four months, including $4.65M raised on Origins, over $247K distributed to stakers, website upgrades, and unveils one of the products rolling out in Q3.
The Origins Launchpad: Over $4.65M Raised
Origins has become Sovryn’s flagship product, a multichain launchpad designed for speed, simplicity, and true accessibility. One of the few platforms that requires no wallet connections, no extra tools, just a direct deposit, even from a centralized exchange.
With $BOS and $CASL raising over $4.65M, Origins is proving to be the go-to place for fair, sovereign token launches uniquely tailored to every projects needs while providing bonuses to $SOV stakers.
New tools are rolling out. UX is improving. And the timeline from request to launch is getting shorter. We’re selective, but that’s the point: real projects, real value & a quality launch environment.
Staking: $247K in Rewards & APR above 200%
Stakers earned over $247,223 in value in the past 4 months, paid out in SOV, RBTC, and ZUSD:
- Total SOV: 9,863
- Total ZUSD: $214,463
- Total rBTC: 0.302
APR stayed above 100% for most of the period and is currently sitting above 200%. If you're not staking, you're missing out on both yield, origins bonuses and governance power.
Adoption Fund
The SOV previously sent to support BOB incentives has been brought back home.
13.8M SOV is now back under Bitocracy governance, ready to be used for further protocol growth.
Sovryn.com: A New Look
We redesigned the site to match the scale of the protocol and its expanding ecosystem. With Origins and BitcoinOS, a project proudly incubated by Sovryn, now taking centre stage (well deserved).
From Q2 → Q3: Bridges + Access
Some upgrades are rolling into Q3:
- An ERC-20 bridge is being integrated into the D2 dApp, enabling seamless transfers of ETH, BNB, eSOV, and eDLLR between Rootstock, Ethereum, and BNB Smart Chain.
- New BTC transfer options are coming to the D1 and D2 UIs to make moving BTC to and from Rootstock easier and more accessible.
More ways in. More reasons to build. Bigger things on the horizon.
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🔧 Origins Platform Update - July 10-11
Sovryns,
We're implementing critical system updates to enhance your Origins experience. The platform will enter maintenance mode for 24 hours starting Thursday, July 10th, reopening Friday, July 11th.
What's New:
- Personal Portfolio Page - Track all your project purchases in one unified dashboard
- Enhanced UI performance and fixes
- Critical backend infrastructure improvements
⚠️ Important: Deposit Address Update Required
After maintenance, all users must generate fresh deposit addresses. Previous deposit addresses will be deprecated - do not send funds to old addresses.
Timeline:
- Maintenance begins: Thursday, July 10th
- Platform reopens: Friday, July 11th
- Action required: Generate new deposit addresses post-update
We'll keep the community updated throughout the process via Discord, Telegram, and X.
Stay Sovryn,
The Origins Team
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13.8 Million SOV Returned to Bitocracy-Controlled Adoption Fund Vault on Rootstock
As outlined in SIP-0079, 13.8 million SOV from the Adoption Fund was transferred to the Exchequer and bridged to Ethereum to participate in BOB’s rewards program.
While the campaign is still ongoing, it has been determined that maintaining the SOV on BOB no longer provides any benefit to Sovryn during the current phase of the Spice rewards program. Therefore, the decision was made to remove the funds from the BOB treasury, bridge them back to Ethereum, and then to Rootstock.
After careful verification, the entire 13.8 million SOV has now been successfully sent to the Adoption Fund Vault on Rootstock, which is fully controlled by Bitocracy. This ensures that the funds are once again under the governance of SOV stakers and can be allocated according to community decisions.
Vault Address ⬇️
0x05f4f068DF59a5aA7911f57cE4f41ebFBcB8E247
This completes the return cycle initiated under SIP-0079 and ensures that these SOV tokens are once again transparently and securely managed by Sovryn’s on-chain Bitocracy governance system.
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Adoption Fund $SOV Update
The 13.8M $SOV originally transferred under SIP-0079 are now being returned to the Adoption Fund on Rootstock.
The process involves two steps:
• $SOV will first be bridged from BOB to Ethereum, which takes approximately one week
• After that, it will be bridged from Ethereum to Rootstock and returned to the original Adoption Fund address
Note:
This will result in a drop in TVL on BOB. It will not increase TVL on Rootstock, as the funds are being returned to their designated holding address.
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$CASL Public Token Sale LIVE on Sovryn Origins
Chateaushi AG, one of Web3’s most promising Real World Asset (RWA) projects, is redefining real estate through blockchain and has launched its $CASL public sale exclusively on our Launchpad.
Access Sale ⬇️
https://origins.sovryn.app/chateaushi
WHY IT MATTERS
$CASL powers a platform that finances & preserves historic real estate globally. This is a first-of-its-kind investment model with real-world utility offering users the chance to experience and invest in remarkable pieces of history.
SALE STRUCTURE
• Starting price: $0.00123
• Multi-round with increasing prices (Up to $0.00338)
• Limited allocation per round
• TGE claimable via Origins
SUPPORTED TOKENS (Multiple Chains)
• BTC, ETH USDT, USDC, BNB, SOL, ADA
BONUSES
• 5% bonus for $SOV Stakers (If you have at least 10k VP)
• 5% Preferred Asset (BTC/SOL, or SOL staker)
• 5% Referral*
*When someone uses your code and deposits, you get 5% of their \$CASL purchase as a bonus.
HOW TO DEPOSIT ⬇️
https://youtu.be/6d5_nlvQ-28
Don't wait! Lock in the lowest tier now.
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MAINTENANCE LIFTED: $BOS Dashboard Fully Operational
The Origins backend update has been successfully completed, and BOS deposits are now open!
Please note that deposit addresses have been updated. If you're planning to redeposit the same asset, make sure to use the new address provided.
Thanks for your patience during the upgrade. Please rest assured that all funds are safe and fully accounted for.
Stay Sovryn!
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We're aware that some Origins users are experiencing delays seeing their deposits on the BOS dashboard.
To address this, we'll perform a backend update tonight starting at 9 PM UTC. During the maintenance window, the Deposits pages in the BOS sale will be temporarily unavailable. We will restore full functionality by tomorrow.
Please rest assured that all funds are safe and fully accounted for. We'll share an update as soon as services are back online.
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Sovryn Origins Launches with BitcoinOS Phase 2 Presale Now Live
We’re excited to announce the public launch of Sovryn Origins, a multichain launchpad designed for Bitcoin, Ethereum, Cardano, Solana, BSC, and more.
To mark the launch, Phase 2 of the BitcoinOS ($BOS) presale is now live and open to all participants.
Origins has already been battle-tested during Phase 1 of the $BOS presale, which raised over 2.2 million dollars in just one week. Now, the platform is ready to scale—and you can be part of it from the very beginning.
Origins is built for financial Sovereignty:
- No KYC required
- Deposit from any supported chain
- Simple, intuitive experience
There are also bonus rewards available:
- 5% bonus for $SOV stakers (If you have at least 10k VP - capped at $500)
- 5% bonus for BTC deposits
- 5% bonus for ADA deposits (NEW!)
- 5% bonus for referrals
Join the Bitcoin-native fundraising revolution :arrow_down:
https://origins.sovryn.app/bos
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We’ve been quietly working on something unique
A new piece of the Sovryn vision is almost ready, and we can’t wait to show it to the community.
Stay tuned. Stay Sovryn.
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$BOS Airdrop Incoming!
BitcoinOS didn’t just include Sovryn in their campaign, they built a dedicated flow to ensure our holders and stakers get the recognition (and rewards) they deserve.
A custom verification portal has been launched where Sovryn users can confirm their eligibility and claim their roles to participate in the airdrop. This portal was created in collaboration with the BitcoinOS team and Domino to ensure smooth verification and fair distribution.
Here’s how it works:
- Go to the portal ⬇️
https://bitcoin-os.domino.page/quests
- Log in with your Discord account (top right corner)
- Click on either of the quests
- Connect the appropriate wallet(s) for each network
- Press “use on” (even if you don’t have assets there)
- Press “claim” at the bottom
The system will verify your:
- $SOV balance on Rootstock, BOB, and Ethereum
- Weighted stake (voting power) on Rootstock and BOB
Eligibility is based on a snapshot taken Friday, April 11 around 2 PM UTC.
Claimable roles:
- “SOV Holder” (≥ 1,000 $SOV) - 300 points
- “SOV Staker” (≥ 1,000 VP, includes Holder role) - 400 points
⚠️If you successfully claim the STAKER quest, you do NOT need to also claim the HOLDER quest--you are automatically given BOTH the "SOV Verified Staker" AND "SOV Verified Holder" role on Discord as a reward for claiming the Staker quest.
Once you receive your role(s), head to the BOS Discord ⬇️
https://discord.gg/BitcoinOS
Final step: go to the #submit-wallet channel and post your EVM address. That’s how the airdrop will be distributed.
You can also direct any questions to the #sov-faqs channel under the BOS Airdrop module in their server.
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Double Trouble: Two Weeks of Spice + Another BOB Win!
We held off last week’s drop, but now we’re back with a double batch of rewards and another BOB victory under our belt.
🌶 Regular Spice Distribution
For the period 19th Mar – 2nd Apr 2025, we distributed 161.8M Spice to 9,685 users!
🏆 BOB Voting Victory – 100M Bonus Spice Secured!
Sovryn secured 1st place again in the BOB community vote! The 100M bonus Spice was distributed using the same thresholds as before, with 80% in total allocated to voters and 20% to Sovryn Liquidity Providers and Stakers.
📊 Both regular and voting Spice distributions resulted in a total of 261.8M Spice points distributed to 20,485 users.
🌍 Since the Start of Spice Season 1, we’ve Rewarded:
- 131,141 users
- With ~14.79B Spice
Thanks for your patience, hope that extra Spice hit just right. Let’s keep stacking and keep winning!
Stack SPICE ⬇️
https://app.gobob.xyz/sign-up?refCode=u0i6lk
