TechFlow News — Sovryn, a decentralized lending protocol, has announced the completion of a $5.4 million funding round led by General Catalyst, with participation from Collider Ventures, Bering Waters, Bollinger Investment Group, and Balaji Srinivasan.
Sovryn’s core product is an innovative lending protocol called Zero Protocol, which enables users to borrow against their Bitcoin holdings at zero interest, with flexible repayment terms set by the borrowers themselves. The newly raised funds will be used to expand Sovryn’s global financial operating system, aiming to enhance personal financial sovereignty for individuals worldwide. According to Sovryn core contributor Edan Yago, there is no company, foundation, or nonprofit behind the project—instead, it operates more like a user-owned cooperative built on open-source code. Source link
