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Description

Since its inception, Immunefi has established itself as the foremost bug bounty platform in the web3 space, offering the largest bounties and payouts globally, and currently employs over 50 individuals across various locations. If you're keen on becoming a part of this dynamic team, we encourage you to check out our careers page for opportunities. Bug bounty programs serve as an open call to security researchers, allowing them to identify and responsibly report vulnerabilities in the smart contracts and applications of various projects, potentially saving the web3 ecosystem hundreds of millions or even billions of dollars. In recognition of their efforts, security researchers are compensated according to the severity of the vulnerabilities they uncover. To report a vulnerability, simply create an account and submit the bug through the Immunefi bugs platform. We pride ourselves on having the industry's quickest response times, ensuring that vulnerabilities are addressed swiftly and effectively. This commitment not only enhances security but also fosters a collaborative relationship between developers and researchers.

Description

Sovryn is committed to maintaining high security standards through regular audits by multiple auditors and a robust bug bounty program. In addition, the platform plans to introduce more secure oracles to enhance decentralization further. To safeguard against the risks of undercollateralized loans, an insurance fund is maintained, to which 10% of interest generated is contributed. Upholding one of the core tenets of decentralized finance, Sovryn emphasizes interoperability and the creation of open-source code. Users can transact seamlessly using bitcoin directly from their wallets, eliminating any friction in the process. All transactions are processed on the bitcoin blockchain through the RSK bitcoin sidechain. As a decentralized margin trading platform, Sovryn does not require any KYC or AML verification, allowing users to retain their pseudonymity. This system empowers individuals to lend and trade without the need to entrust their keys to a centralized entity. With a focus on user autonomy, Sovryn ensures that your keys, coins, and control remain exclusively in your hands. Borrowers on the platform leverage their bitcoin to establish margin trading positions, effectively borrowing bitcoin from lenders to amplify their trading potential. Through this structure, Sovryn facilitates a dynamic and user-centric trading environment.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Bitcoin
BitcoinOS
Rootstock
Sei

Integrations

Bitcoin
BitcoinOS
Rootstock
Sei

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Immunefi

Website

immunefi.com

Vendor Details

Company Name

Sovryn

Founded

2020

Website

www.sovryn.app/

Product Features

Product Features

Alternatives

Alternatives