SIP-XXXX: Launch of BitcoinOS (BOS) Under Sovryn Incubation - AMA
Many questions around the BitcoinOS incubation SIP have been raised and collected. All community members and voters are invited to join the AMA and raise concerns or voice support.
If you are unable to join please send your questions in advance to @cekbits, and we'll do our best to answer them during the call.
Wednesday, July 3, 16:00 UTC, Sovryn Discord
Many questions around the BitcoinOS incubation SIP have been raised and collected. All community members and voters are invited to join the AMA and raise concerns or voice support.
If you are unable to join please send your questions in advance to @cekbits, and we'll do our best to answer them during the call.
Wednesday, July 3, 16:00 UTC, Sovryn Discord
SIP-0080: Zero Protocol Redemption Page - was rejected because the vote didn’t reach the required 20% quorum. However, a 20% quorum is a requirement for modifying smart contract logic, and a proclamation SIP like SIP-0080 should have had a 5% quorum requirement.
8% of the voters showed up and voted for SIP-0080, with a 100% support rate. The community's overwhelming support for this SIP, even with minimal promotion, is a testament to the power of Bitocarcy and the community’s ability to shape Sovryn.
Therefore, the Zero protocol redemption page will be reintroduced to the Sovryn dapp. We hope to have it live by July 23.
8% of the voters showed up and voted for SIP-0080, with a 100% support rate. The community's overwhelming support for this SIP, even with minimal promotion, is a testament to the power of Bitocarcy and the community’s ability to shape Sovryn.
Therefore, the Zero protocol redemption page will be reintroduced to the Sovryn dapp. We hope to have it live by July 23.
SIP-00XX: Burning Unclaimed POWA! 🔥🔥🔥
Over 35% of POWA remains unclaimed 60+ days post-launch. Time to act.
📅Key dates:
July 8, 12 PM UTC: Last chance for Influence campaign to provide RSK addresses
July 15, 12 PM UTC: Final claiming deadline
The vote goes live this Friday, July 5, 2024.
Read the SIP proposal at the forum:
https://forum.sovryn.com/t/sip-00xx-burning-unclaimed-and-unallocated-powa-runes/3191
Claim your POWA now or get rekt!
Over 35% of POWA remains unclaimed 60+ days post-launch. Time to act.
📅Key dates:
July 8, 12 PM UTC: Last chance for Influence campaign to provide RSK addresses
July 15, 12 PM UTC: Final claiming deadline
The vote goes live this Friday, July 5, 2024.
Read the SIP proposal at the forum:
https://forum.sovryn.com/t/sip-00xx-burning-unclaimed-and-unallocated-powa-runes/3191
Claim your POWA now or get rekt!
Sovryn Announcements
SIP-XXXX: Launch of BitcoinOS (BOS) Under Sovryn Incubation - AMA Many questions around the BitcoinOS incubation SIP have been raised and collected. All community members and voters are invited to join the AMA and raise concerns or voice support. If you…
In 1 hour! Live on Discord
SIP-XXXX: Launch of BitcoinOS (BOS) Under Sovryn Incubation - AMA
Join and register interest in the AMA here:
https://discord.com/events/729675474665603133/1257999454955372575
SIP-XXXX: Launch of BitcoinOS (BOS) Under Sovryn Incubation - AMA
Join and register interest in the AMA here:
https://discord.com/events/729675474665603133/1257999454955372575
A recording of yesterdays 2-hour AMA is available here:
https://forum.sovryn.com/t/bitcoinos-q-a-for-discussion/3195/9?u=frenchvictory
Please note that:
- The recording was stopped and then restarted after 11m:52s due to a request from one of the participants that their question would not be recorded.
- The recording itself was uploaded to YouTube as “unlisted,” - meaning that it won’t appear in our channel or YouTube search, and it’s accessible only to those who have the direct link.
Yesterday’s call was fruitful, and we hope to continue the conversation in the forum. We can have another call if there’s a demand for it.
https://forum.sovryn.com/t/bitcoinos-q-a-for-discussion/3195/9?u=frenchvictory
Please note that:
- The recording was stopped and then restarted after 11m:52s due to a request from one of the participants that their question would not be recorded.
- The recording itself was uploaded to YouTube as “unlisted,” - meaning that it won’t appear in our channel or YouTube search, and it’s accessible only to those who have the direct link.
Yesterday’s call was fruitful, and we hope to continue the conversation in the forum. We can have another call if there’s a demand for it.
Sovryn
BitcoinOS Q&A - For Discussion
Many questions have been raised about BitcoinOS. The CMs have collected these questions and I am providing answers here. Bear in mind that BitcoinOS is still extremely early and many questions do not yet have definitive answers. Additionally, tomorrow there…
10X Spice Boost on Sovryn - Always the Best in the BOB Ecosystem
Sovryn commits to providing top Spice rewards, with at least 10x boost for eligible users ongoing. How? We've deposited millions in BOB's pre-launch Spice program, harvesting a massive amount.
- Recent distribution: 496M Spice to 3054 people (25.06-02.07) - 10X more than their harvest!
- Retroactive: 2x boost for Season 2 LP depositors & SOV stakers
Multiplier may increase further next week... :eyes:
Maximize your Spice: Stake SOV or provide liquidity on https://sovryn.app
Sovryn commits to providing top Spice rewards, with at least 10x boost for eligible users ongoing. How? We've deposited millions in BOB's pre-launch Spice program, harvesting a massive amount.
- Recent distribution: 496M Spice to 3054 people (25.06-02.07) - 10X more than their harvest!
- Retroactive: 2x boost for Season 2 LP depositors & SOV stakers
Multiplier may increase further next week... :eyes:
Maximize your Spice: Stake SOV or provide liquidity on https://sovryn.app
@Sovryns
More than 30% of $POWA is yet unclaimed, more than 60 days after launch.
SIP-0081 proposes to burn it all - vote now to burn unclaimed tokens!
Vote now:
https://sovryn.app/bitocracy/0xff25f66b7d7f385503d70574ae0170b6b1622dad-20
More than 30% of $POWA is yet unclaimed, more than 60 days after launch.
SIP-0081 proposes to burn it all - vote now to burn unclaimed tokens!
Vote now:
https://sovryn.app/bitocracy/0xff25f66b7d7f385503d70574ae0170b6b1622dad-20
We're excited to announce that the POWA Claim is now reopened for the last time.
Eligible users who provided an RSK address, as well as stakers and traders who participated in the POWA Points campaign, can now claim their POWA.
Important
No further Influence participants' addresses will be considered.
POWA Claims will close for the last time on July 15.
Don't miss this final opportunity to claim your POWA!
https://sovryn.app/claim-POWA
Eligible users who provided an RSK address, as well as stakers and traders who participated in the POWA Points campaign, can now claim their POWA.
Important
No further Influence participants' addresses will be considered.
POWA Claims will close for the last time on July 15.
Don't miss this final opportunity to claim your POWA!
https://sovryn.app/claim-POWA
Bob campaign is live.
Let me show you our copy
Sovryn tasks are live on BOB 🟠
Participate in Bitcoin DeFi tasks with Sovryn and get up to 150,000 Spice 🌶
🔗 https://www.intract.io/quest/668ba37b1c80721d524c612d
Let me show you our copy
Sovryn tasks are live on BOB 🟠
Participate in Bitcoin DeFi tasks with Sovryn and get up to 150,000 Spice 🌶
🔗 https://www.intract.io/quest/668ba37b1c80721d524c612d
15X Spice Boost: Sovryn Leads the BOB Ecosystem
🌶10x boosted points distributed to 2,897 users, who staked or provided liquidity between 02.07. - 09.07.2024!
🌶 Total: 929M Season 2 points, 713M Season 1 points!
Don't miss out – Harvest now! :hot_pepper: 15x Spice points until July 23, 2024!
Stake SOV or provide liquidity on sovryn.app - it's Spice harvest time!🚀
🌶10x boosted points distributed to 2,897 users, who staked or provided liquidity between 02.07. - 09.07.2024!
🌶 Total: 929M Season 2 points, 713M Season 1 points!
Don't miss out – Harvest now! :hot_pepper: 15x Spice points until July 23, 2024!
Stake SOV or provide liquidity on sovryn.app - it's Spice harvest time!🚀
Today! Trump is coming to Bitcoin Nashville, Dems might pivot to Bitcoin - We're... winning!
Set a reminder and join today's #BitcoinAlpha space with @yagosovryn, Denis Porter, Preston Byrne, Zack Guzman and more on Mario Nawfal's!
https://twitter.com/i/spaces/1vOxwrlRdEMJB
Set a reminder and join today's #BitcoinAlpha space with @yagosovryn, Denis Porter, Preston Byrne, Zack Guzman and more on Mario Nawfal's!
https://twitter.com/i/spaces/1vOxwrlRdEMJB
Update: Burning Unclaimed POWA Runes!
The first step in the implementation of SIP-0081: Burning of Unclaimed and Unallocated POWA Runes has been implemented. POWA Runes on Rootstock are no longer claimable.
Thanks to the active participation of our community, a significant number of POWA Runes have been successfully claimed. However, 325,242,050,943 POWA remained unclaimed or unallocated to the Influence POWA campaign participants who did not provide their RSK wallet addresses. These POWA runes will be burned, representing 32.52% of the total POWA supply. At the current price, this amount of POWA to be burned is valued at approximately $370,000.
This burn of almost one-third of all POWA tokens will significantly enhance the value of the remaining tokens. By removing these "dead" tokens from circulation, we are not only strengthening the POWA token but also drawing positive attention to our initiative.
The burning process will occur favorable market conditions, but no later than September 30th, 2024.
The first step in the implementation of SIP-0081: Burning of Unclaimed and Unallocated POWA Runes has been implemented. POWA Runes on Rootstock are no longer claimable.
Thanks to the active participation of our community, a significant number of POWA Runes have been successfully claimed. However, 325,242,050,943 POWA remained unclaimed or unallocated to the Influence POWA campaign participants who did not provide their RSK wallet addresses. These POWA runes will be burned, representing 32.52% of the total POWA supply. At the current price, this amount of POWA to be burned is valued at approximately $370,000.
This burn of almost one-third of all POWA tokens will significantly enhance the value of the remaining tokens. By removing these "dead" tokens from circulation, we are not only strengthening the POWA token but also drawing positive attention to our initiative.
The burning process will occur favorable market conditions, but no later than September 30th, 2024.
SIP-0082: Reduce Zero Origination Fee Floor to 5%
This SIP proposes reducing the ZUSD origination fee floor in the Sovryn Zero borrowing protocol from 8% to 5%.
SIP-0082 will be ready for a vote on July 18 at 1200 UTC.
Read more: https://forum.sovryn.com/t/sip-0082-reduce-zero-origination-fee-floor-to-5/3211
This SIP proposes reducing the ZUSD origination fee floor in the Sovryn Zero borrowing protocol from 8% to 5%.
SIP-0082 will be ready for a vote on July 18 at 1200 UTC.
Read more: https://forum.sovryn.com/t/sip-0082-reduce-zero-origination-fee-floor-to-5/3211
SIP-0082: Reduce Zero Origination Fee Floor to 5%
This SIP proposes reducing the ZUSD origination fee floor in the Sovryn Zero borrowing protocol from 8% to 5%.
SIP-0082 vote is now live - go vote:
https://sovryn.app/bitocracy/0x6496df39d000478a7a7352c01e0e713835051ccd-46
This SIP proposes reducing the ZUSD origination fee floor in the Sovryn Zero borrowing protocol from 8% to 5%.
SIP-0082 vote is now live - go vote:
https://sovryn.app/bitocracy/0x6496df39d000478a7a7352c01e0e713835051ccd-46
SIP-0082 has PASSED with a 20.403% turnout (20% required!) and a 99.966% approval. It is queued for execution!
SIP-0082: Reduce Zero Origination Fee Floor to 5%
GitHub ⬇️
https://github.com/capitalist42/SIPS/blob/sip0082/SIP-0082.md
SIP-0082: Reduce Zero Origination Fee Floor to 5%
GitHub ⬇️
https://github.com/capitalist42/SIPS/blob/sip0082/SIP-0082.md
FastBTC out (Rootstock -> Bitcoin) service is on maintenance until the Rootstock peg-in/peg-out service is back up and running:
https://blog.rootstock.io/noticia/incident-report-rootstock-peg-in-peg-out-service-outage-on-june-24th/
https://blog.rootstock.io/noticia/incident-report-rootstock-peg-in-peg-out-service-outage-on-june-24th/
Rootstock - Smart Contract Platform Secured by the Bitcoin Network
Incident report: Rootstock peg-in / peg-out service outage on June 24th
FINAL UPDATE — July 24th Arrowhead 6.3.1 successfully activated at Mainnet block 6,549,300, fixing the issue in the BitcoinJ library. PowPeg operations can now be resumed. However, peg-in...
SIP-0082: Reduce Zero Origination Fee Floor to 5% executed!
The origination fee has been lowered from 8% to 5%. Borrowers can now take out a Zero loan for up-front fee of 5% of the loan and zero interest.
GitHub ⬇️
https://github.com/capitalist42/SIPS/blob/sip0082/SIP-0082.md
The origination fee has been lowered from 8% to 5%. Borrowers can now take out a Zero loan for up-front fee of 5% of the loan and zero interest.
GitHub ⬇️
https://github.com/capitalist42/SIPS/blob/sip0082/SIP-0082.md
New Sovryn Dev Update!
http://sovryn.app:
• RSK: Requested by the community in SIP-80: the ability for users to perform ZUSD redemptions for RBTC, using the Zero protocol. Further details about redemptions and how they work can be found here https://wiki.sovryn.com/en/sovryn-dapp/using-zero#liquidations-and-redemptions
• BOB: Updated AMM user position querying to use a more robust backend service for retrieving this data.
http://alpha.sovryn.app:
• Allow bridging of DLLR from RSK to Ethereum as eDLLR (and vice versa). This is accessible from our existing token bridge UI on the Portfolio page.
Sovryn SDK:
• Sovryn-contracts: Updated Money on Chain logos
Smart-router: Added the ability to directly swap
• WRBTC on Rootstock chain (instead of having to perform wrapping/unwrapping operations).
http://sovryn.app:
• RSK: Requested by the community in SIP-80: the ability for users to perform ZUSD redemptions for RBTC, using the Zero protocol. Further details about redemptions and how they work can be found here https://wiki.sovryn.com/en/sovryn-dapp/using-zero#liquidations-and-redemptions
• BOB: Updated AMM user position querying to use a more robust backend service for retrieving this data.
http://alpha.sovryn.app:
• Allow bridging of DLLR from RSK to Ethereum as eDLLR (and vice versa). This is accessible from our existing token bridge UI on the Portfolio page.
Sovryn SDK:
• Sovryn-contracts: Updated Money on Chain logos
Smart-router: Added the ability to directly swap
• WRBTC on Rootstock chain (instead of having to perform wrapping/unwrapping operations).
## New Round of Spice Distribution, New Record!
**🔥 1.04 billion Spice points distributed to 8,807 users!
🎉 Our biggest distribution yet!**
Since the start of the Season 2 Spice points campaign, 9,011 users have been rewarded. We've seen significant growth in our DEX user base on BOB, with 2,543 new users joining the Sovryn's Spice party since last week's distribution. User-provided liquidity has increased by 12.5% week over week.
As before, we used the 15x multiplier for basic Spice points – the hottest offer on BOB! This spicy multiplier will continue until further notice.
We're cooking up something extra special and considering boosting Spice points for POWA and SOV holders on BOB. Stay tuned! 🌶
Stake SOV or provide liquidity on sovryn.app and maximize your Spice harvesting today! 🚀💥
**🔥 1.04 billion Spice points distributed to 8,807 users!
🎉 Our biggest distribution yet!**
Since the start of the Season 2 Spice points campaign, 9,011 users have been rewarded. We've seen significant growth in our DEX user base on BOB, with 2,543 new users joining the Sovryn's Spice party since last week's distribution. User-provided liquidity has increased by 12.5% week over week.
As before, we used the 15x multiplier for basic Spice points – the hottest offer on BOB! This spicy multiplier will continue until further notice.
We're cooking up something extra special and considering boosting Spice points for POWA and SOV holders on BOB. Stay tuned! 🌶
Stake SOV or provide liquidity on sovryn.app and maximize your Spice harvesting today! 🚀💥