what's Sovryn Zero?

Sovryn Zero is a decentralized protocol on the Sovryn platform that enables users to obtain 0% interest loans collateralized by Bitcoin. Users deposit BTC into smart contracts on the Rootstock sidechain and borrow stablecoins such as ZUSD or DLLR without accruing interest or facing repayment deadlines. This allows holders to access liquidity while retaining upside exposure to Bitcoin in a non-custodial, permissionless manner. The protocol features adjustable borrowing and redemption fees governed by Sovryn's Bitocracy using the SOV token. Collateral is overcollateralized for stability, with liquidation mechanisms to protect lenders. Loans can be swapped on Sovryn's DEX or bridged to other chains, integrating seamlessly into the broader Bitcoin DeFi ecosystem.

Sovryn Zero offers loans with 0% ongoing interest, a 5% one-time fee, and no expiry.