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What is UWU Protocol?

The UWU Protocol is a stablecoin framework developed on the Stacks blockchain that provides interest-free loans with no specified repayment deadline. Users have the option to utilize STX as collateral, allowing them to borrow as much as 66% in UWU Cash (UWU), a stablecoin that is both fully backed and impervious to shutdown. Designed to operate without governance and minimize trust, the UWU Protocol ensures that its assets are resilient against censorship and cannot be frozen. Additionally, the codebase of the UWU Protocol is streamlined, consisting of fewer than 1,000 lines of code, and its contracts are available under the GPLv3 license, promoting transparency through open-source access. This innovation in decentralized finance makes UWU Protocol a noteworthy player in the stablecoin ecosystem.

What is Sovryn?

Sovryn prioritizes high security standards by conducting regular audits through various auditors and implementing a comprehensive bug bounty program. Moreover, the platform aims to enhance decentralization by introducing more secure oracles in the future. To mitigate the risks associated with undercollateralized loans, an insurance fund is established, which receives 10% of the interest earned. Staying true to one of the fundamental principles of decentralized finance, Sovryn focuses on interoperability and the development of open-source software. Users can effortlessly transact using bitcoin directly from their wallets, which ensures a smooth experience. All transactions occur on the bitcoin blockchain via the RSK bitcoin sidechain, providing an additional layer of security. As a decentralized margin trading platform, Sovryn eliminates the need for KYC or AML checks, allowing users to maintain their anonymity. This approach empowers users to lend and trade without the necessity of handing over their private keys to a centralized authority. By emphasizing user control, Sovryn guarantees that your keys, coins, and overall control are solely yours. Additionally, borrowers can utilize their bitcoin to create margin trading positions, effectively borrowing bitcoin from lenders to enhance their trading capabilities. This innovative structure cultivates a vibrant and user-driven trading atmosphere, fostering a sense of community among participants.

Media

No images available

Media

Integrations Supported

Bitcoin
BitcoinOS
Rootstock
Stacks

Integrations Supported

Bitcoin
BitcoinOS
Rootstock
Stacks

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

UWU Protocol

Date Founded

2023

Company Website

uwu.cash/

Company Facts

Organization Name

Sovryn

Date Founded

2020

Company Website

www.sovryn.app/

Categories and Features

Categories and Features

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