This is the point. This began out of frustration that stacks is on all the big spaces because they embraced ordinals early. Now Sovryn can be in stage and in the conversation. Once in our ecosystem, $DLLR, Zero Protocol, borrowing lending trading etc will increase as people learn what Sovryn has to offer!
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NAW DOGE!!! check the poolsâŚ
There is no SOV/XUSD poolâŚ
Sovryn is a Bitcoin DEX, the pair must be soDOGE/rBTC
One can âtradeâ whatever pair they want, but the pools all pair rBTC why should $soDOGE be any different?
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YES, THANKS TO THE TEAM BEHIND TO THE PROPOSAL!!!
Frustration is irrelevant!!! As long as itâs not from the dev team implementing the listingâŚ
Either side can âfeelâ whatever way they want, what Sovryn NEEDS is new eyes, new buzz, and new users.
A new ordinal meme coin fixes this!!!
YES, the benefits are clear and very well explained.
YES, Sovryn would be on the lips of many, especially those that think all one can do is HODL Bitcoin.
Economic risk is on oDOGE team, developmental risk is theirs also, Sovryn just takes one oDOGE step closer to being considered a DEX of note. DEX volume is built on degenerate meme coin trading and Sovryn has NONEâŚ
Yes, Sovryn is immersed in solving urgent issues of enormous importance but, Sovryn canât ignore its most pressing issue, new user adoptionâŚ
5 Likes
I doubt that this wonât take no time from devs. It is never a straight forward thing. I would like to learn what effort will it take to get this live on Sovryn DEX.
I am not a fan of such tokens, but I welcome any initiative that brings new projects to the protocol and might help with the liquidity - not to mention generate more traffic, bring more people to Sovryn and generate fees for SOV stakers.
8 Likes
Honestly I think liquidity will be removed once the cashgrab is achieved (will this hinder SOVRYN brand?). Until then we could at least use that mercenary liquidity to generate demand for DLLR that we need for OUR success instead of just one more generic (rBTC) pool that only generates fees.
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âMinimumâ dev effort - maximum exposure, why not?
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Weâre going to partake in writing bitcoin history, while greatly helping with adoption.
It also feels so good as Iâm starting to see Sovryn as a ârealâ exchange with some more pairs being traded.
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This time, bitcoin history is literally inscribed on Satoshiâs. Sovryn will be forever a part of something fun, and legendary!
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Thanks for sharing your thoughts!
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It will be able to be completed in 1 sprint. But we shouldnât count chickens before they hatch. The goal today and this week is to get a feeling for the community sentiment around the idea of bringing an official SIP. This is the beauty of bitocracy, then the votes will speak.
5 Likes
This x 100000 it needs new eyes and $oDOGE will do just that. Also by being able to be bought on Bitcoin sidechain with Bitcoin itâs news worthy so shoudl generate lots of press and discussion. I bet most people donât even know RSK is EVM compatible - this is ALL about to change finally.
8 Likes
I wrote a thread about this, Iâm pumped guys - I see it. (https://twitter.com/Lfg0x1/status/1633486262517497856)
I removed all @ as it wonât let me tag soo many people.
Reasons why OrdinalDogeCoin moving to SovrynBTC Protocol on Rootstock_io is history in the making.
A quick thread to get you up to speed with whatâs happening on Bitcoin.
#1/ What are Ordinals?
Ordinals are inscriptions on #Bitcoin. Think of them as NFTâs on Bitcoin only better as they are immutable. You inscribe an image on a single satoshi, itâs now there forever. Visit https://ordinals.com/ and h/t to rodarmor making it happen.
#2/ Whatâs Ordinal DOge?
OrdinalDogeCoin aka $oDOGE is the very first memecoin representing frational ownership of the very first Dogecoin ever inscribed on #Bitcoin. $oDOGE combines Bitcoin, Ordinals, and Smart Contracts to create the first ever BITCOIN-NATIVE MEMECOIN! Only thing missing is being able to buy it with BitcoinâŚ
#3/ Whatâs Sovryn?
SovrynBTC is the leading DEX(more volume than all competitors combined) on Bitcoin. Itâs on Rootstock_io sidechain that uses rBTC as gas. Sovryn is a DEX that has trading, lending, staking, margin trading and even letâs you trade with limit orders. Itâs also EVM compatible so itâs a logical home for $oDOGE.
#4/ Whatâs Rootstock?
Rootstock_io is the OG sidechain on Bitcoin that allows users to use rBTC(Rootstock Bitcoin) as gas. Rootstock (RSK) is EVM compatible and most donât know this. You can even bridge Bitcoin directly into it with Sovryn (Sovryn).
#5/ Why is Ordinal Doge moving to Sovryn important?
Itâs important because for the first TIME EVER, you can buy a memecoin on Bitcoin that gives you fractional ownership of an inscription on Bitcoin using ⌠Bitcoin. This is part of Bitcoinâs cultural history and thatâs not all.
#6/ Why else is this important / historical?
This is the first time an ETH based coin migrates to RSK and is available for trade on Sovryn. Most donât even know RSK is EVM compatible and in the future, many projects will follow suit probably sooner than later.
#7/ What does this mean for Ordinal Doge?
This means that you can now by the first Bitcoin memecoin on Bitcoin with Bitcoin, this has never been done before and itâs wild. $oDOGE was created on ETH but belongs on RSK and thatâs why Sovryn Stakers are voting on it here - # Potential SIP (0057): Add Ordinal Doge Token ($oDOGE) to Sovryn AMM pools
#8/ What does this mean for Sovryn & RSK?
This is great for both, it will bring more awareness to the amazing work they are doing and let people know - Defi isnât coming to Bitcoin its already ON Bitcoin. Will also increase trading volume to further reward Sovryn Stakers and build awareness that Bitcoin has an EVM compatible sidechain. Finally, build awareness for $DLLR, a Bitcoin backed decentralised stable coinâŚ
#9/ What do you think?
Did I miss anything? Iâve been a fan of Sovryn for a while, found Ordinals super early and very exited about that. When I saw OrdinalDogeCoin I instantly got interested as itâs an innovative concept. SovrynBTC works hard, Iâve tracked their Github for 1.5 years and itâs busy, $oDOGE team is based and as a result, Iâm keen to see both these projects matuture - hopefully together.
10 Likes
This is an excellent point!
We need to prove we can move quickly and make more projects willing to reach out and collab with us which is EXACTLY what Yago brought up in the last community call, he explicitly expressed he wanted this kind of behavior.
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Weâve been building for years, and Iâm not about to let other projects jump in and take that first mover advantage away from us. We NEED this to happen. All benefits for doing it, and missed opportunity if we donât do this.
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I wouldnât be so sure about that! Many degens are on a Bitcoin standard and are ready to do some heavy shitcoining to increase their stack
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Sounds like a win win win for Sovryn Stakers, the protocol and oDOGE community
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At this stage, any financial traction is good traction and it puts Sovryn on the radar for a lot of ppl. So yes! Iâm supportive of this idea!
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Thanks for the support l!
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A few of us have been asking why we canât have more trading pairs on Sovryn for the last 1.5 years, so iâm strongly in favor of anything that might start that process. Extra points to the team that put this together for creativity and rapidly deploying the idea to the community. You have my votes.
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It seems it would be a good marketing op, good for eyeballs, short term liquidity and general awareness.
We need to be aware/weary of the dev time taken away from things that matter and the possibility that this coinâs liquidity will likely go to ~0 after the buzz passes and the oDOGE team removes theirs.
6 Likes