SIP-0054 and SIP-0055 have been approved by voters! FOR: 91.59% AGAINST: 8.41% This clears the way for the public launch of Zero and the Sovryn Dollar. SIP-0054 and SIP-0055 are now queued for execution, which will happen at approximately 9:00 AM UTC on Thursday, March 16. At that time, the Zero Early Access app at will temporarily be put into maintenance mode to accommodate the update. If you have a Zero line of credit, please make sure you do any maintenance to maintain a healthy collateral ratio BEFORE the app goes into maintenance mode at 9:00 AM UTC on Thursday since topping off collateral or repaying debt will temporarily be disabled through the frontend. image
The Sovryn Dollar arrives this Thursday! πŸš€ To celebrate we are starting a 48-hour meme competition. Here’s the brief: create a meme about why the Sovryn DLLR is important. Sovryn will be award the following prizes to the winners: First Place: 250 DLLR, and a Sovryn t-shirt. Second Place: 100 DLLR, and a Sovryn t-shirt. Third Place: Sovryn t-shirt. The community will vote on finalists! Step 1: Like and retweet Sovryn's post on social media. Step 2: Post your meme on any of these platforms with the hashtag #SovrynDLLR: Twitter Nostr Instagram LinkedIn Facebook Sovryn Discord channel Sovryn Citadel TG group You have until 2pm UTC, Thursday the 16th to submit 1-3 memes 🦾 Let’s go! image
The new vote on SIP-0054 and SIP-0055 is now live! SOV stakers now have 24 hours to cast a vote. For voter convenience, both proposals have been consolidated into a single vote. Cast your vote here:
Sovryns - USDC and DAI have lost their peg. The deposit of these assets to XUSD on the smart contract level have been paused as result. It is no longer possible to deposit those stablecoins and therefore XUSD is safe. However, we decided to leave XUSD deposits on the bridge on the UI in maintenance mode until Monday out of an abundance of caution.
#BITCOIN PRICE REMINDER! 1 BTC = 1 BTC But keep in mind, during times like these: 1 DLLR = $1 FULLY BACKED BY BTC image
There is a new community-led discussion that aims to bring $oDOGE (the first-ever meme coin on a bitcoin sidechain) to the Sovryn AMM. Proponents of the #ordinals discussion say that it would: -Enable Bitcoiners to buy the first meme-coin on Bitcoin with Bitcoin. -Every bridge, swap, or trade will bring fees to Sovryn Stakers. -Inform the public about the possibilities of DeFi on #Bitcoin. What do you think? πŸ€” Check out the discussion here: https://bit.ly/3T0Og09 image
We have the final results of the SIP votes started yesterday, and an important update regarding SIP-0054 and SIP-0055: β€” SIP-0054: SUCCEEDED FOR: 100.00% AGAINST: 0.00% - SIP-0055: SUCCEEDED FOR: 89.24% AGAINST: 10.76% – SIP-0056: SUCCEEDED FOR: 90.59% AGAINST: 9.41% – Important update: Due to a misconfiguration in the deployment script, Exchequer is vetoing SIP-0054 and SIP-0055. The authors of these proposals are now coordinating to start a new vote on the proposals scheduled for Monday, March 13. More details:
Have you been purple-pilled yet? Read @sovrynmatt’s first contribution to the Sovryn blog. He takes us on a deep dive into all things #Nostr: - What it's all about - How it works - How to get started The revolution will not be centralized! Read here: image
SOV stakers, time to cast your votes! βœ… Sovryn contributors have drafted a slate of SIPs related to the launch of the Sovryn Dollar and new Sovryn web app. These SIPs are now live in the Bitocracy app. Below are links to each SIP for your review and vote πŸ‘‡ SIP-0054: Integrate Mynt with Zero βœ”οΈ Vote here: Discussion thread: SIP-0055: Zero Fee Floor Update βœ”οΈ Vote here: Discussion thread: SIP-0056: Sunsetting the MYNT Token βœ”οΈ Vote here: Discussion thread:
4/4 - SIP-0056: Sunsetting the MYNT Token SIP text: πŸ“ƒ.md Discussion thread: