Sovryn steps into a new era with Bitocracy 3.0 - giving the true power to the community. This is one of the things that set Sovryn apart from any other Bitcoin DeFi project. Vote and make this a reality!
SIP-0046: Empowering Community Control
When Sovryn embarked on this journey, governance was centralized with the Exchequer Multisig. But now, Bitocracy 3.0 is about to reshape the way Sovryn is governed:
Transitioning governance from Exchequer to Bitocracy
Introducing Bitocracy 3.0, granting near-total control to SOV stakers
Separating Bitocracy and Contracts Guardian roles for heightened security
Tackling technical challenges for a seamless transition
This moment marks a profound shift towards greater security and decentralization, reinforcing Sovryn’s unique position.
SIP-0047: Fortifying Governance with Multisigs
To further bolster our governance model, we’re establishing new Multisigs for Bitocracy and Contracts Guardian roles:
Deploying Safe Multisig contracts with Protofire’s expertise
Updating governance and Guardian transfer scripts, preparing the way for Bitocracy 3.0
These strategic moves solidify Sovryn’s growth and resilience.
Get a Glimpse:
To dive deeper into our roadmap for leaving Alpha, check out our previous blog post 
[Sovryn's roadmap for leaving Alpha | Sovryn]
A more detailed version is in the works, coming soon!
Your participation is essential in shaping Sovryn’s future. Join us on this exciting journey!
Stay Sovryn!
