SovrynBTC

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SovrynBTC
sovrynbtc@NostrVerified.com
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DeFi for #Bitcoin: Trade & Lend, while HODLing your Keys πŸ”‘ Borrow at 0% interest against your bitcoin. Signup for Zero Early Access here: http://bit.ly/3xRm2eu
Below are the DLLR/RBTC AMM pool liquidity mining rewards updates: βœ… -The liquidity mining contract has been updated to allow rewards to be set to be 100% liquid (previously they could only be set to be partially liquid) -The liquidity mining rewards on the DLLR/RBTC pool have been updated so that now liquidity mining rewards earned by DLLR/RBTC pool LPs are 100% liquid. All unclaimed liquidity mining rewards earned by DLLR/RBTC pool LPs up until this point can now be immediately withdrawn as fully liquid rewards. -The Reward SOV tab of the Rewards page has been updated to indicate how much of the unclaimed rewards are liquid and how much are vested. Clicking the β€œClaim” button on this tab will claim both liquid and vested rewards at the same time. -The error message shown when rejecting transactions using Liquality has been made more user friendly.
We are excited to announce our new AI art competition! 🎨 Winner art will be featured on the Sovryn website & be rewarded with excellent prizes! The competition will run for two weeks, starting from Monday 27th March, 2023, to Monday 10th April, 2023. During this time, contestants can use any AI tool to create their artwork, including Midjourney, Stable Diffusion, and any other AI tool to create their masterpiece. Sovryn will award exciting prizes to the winners including: 1st Place: 250 SOV, Sovryn t-shirt and art published on Sovryn website 2nd Place: 150 SOV, Sovryn t-shirt and art published on Sovryn website 3rd Place: 100 SOV, Sovryn t-shirt and art published on Sovryn website To participate, contestants must share their artwork using the hashtag #SovrynArt. Participants submit their artwork on platforms including Twitter, Nostr, LinkedIn, Sovryn Discord, Sovryn Telegram, Facebook, or Instagram. Artwork must be original and not violate copyright laws. The judging criteria for the competition will include creativity, originality, technical proficiency, and relevance to the Sovryn ethos. Good luck! PS: Do you need inspiration for that "Sovryn" style? Check out our AI art guide here! image
Maintenance mode is now lifted! πŸ™Œ "SIP-59: Zero Fee Floor Update" was executed successfully, updating following settings: * Borrowing fee floor: from 2.5% to 5% * Max borrowing fee: from 5% to 7.5% * Redemption fee: from 2.5% to 1.9% Remember that there are recurring Zero DLLR Risk meetings to review and discuss these settings open to all members of the community.
Tonight at 4pm UTC, we will have the first Zero DLLR Risk meeting. The meeting will be held in the Community Voice room (Discord): This will be a reoccurring meeting, open to the community and recorded, for at least the next 4 weeks. See you there, Sovryns! πŸ™Œ
The Sorcerers of Sovryn, the dev team have another big update ready sooner than expected! πŸ§™ Within 14 days, all SOV rewards in the DLLR/RBTC amm pool will be fully liquid! That means that the 140% APY currently being earned will be unlocked. The DLLR pool will become the first Sovryn pool with fully liquid rewards. Please note: don’t claim your rewards before the change happens, or your SOV will be automatically staked and will not become liquid. The current extra-large rewards being paid out are, therefore, for this week only. They will readjust next week. image