### Include
* Description of the vulnerability
* Steps to reproduce
* Potential impact assessment
* Your contact information (for follow-up)
### Response Timeline
| Stage | Timeframe |
| ------------------- | ------------------------- |
| Acknowledgment | Within 24 hours |
| Initial Assessment | Within 72 hours |
| Resolution Timeline | Provided after assessment |
### Bug Bounty
Coming soon. Follow [@sovabtc](https://twitter.com/sovabtc) for announcements.
***
## Best Practices
### For Users
1. **Verify Contracts** — Check addresses before interacting
2. **Start Small** — Test with small amounts first
3. **Bookmark the App** — Avoid phishing via direct navigation
4. **Check Approvals** — Revoke unused token approvals periodically
5. **Secure Your Wallet** — Use hardware wallet for large amounts
6. **Double-Check Addresses** — Especially for cross-chain destinations
### Phishing Prevention
* Official URL: **app.sova.io**
* Never share private keys or seed phrases
* Be cautious of unsolicited DMs claiming to be support
* Official support only through documented channels
# Welcome to Sova Vaults
> **Yield-bearing Bitcoin exposure through cross-chain settlement activity.**
Deposit **cbBTC** and receive **svBTC** — a tokenized vault share that automatically appreciates as the protocol earns fees from solving cross-chain swaps.
***
## Why Sova Vaults
| Benefit | Description |
| -------------------- | ------------------------------------------------------------- |
| **Real Yield** | Fees from actual cross-chain swap volume, not token emissions |
| **Fully On-chain** | Transparent ownership via ERC-4626 vault tokens |
| **Permissionless** | Connect your wallet and deposit — no sign-ups or verification |
| **Auto-compounding** | Yield accrues directly to the exchange rate |
> **Sustainable Yield Model**
>
> Unlike inflationary DeFi rewards, Sova yield is backed by real transaction volume. More swaps = more settlement fees = higher returns.
***
## How It Works
### 1. Deposit cbBTC
Connect your wallet on Base and deposit **cbBTC** into the Sova vault.
### 2. Receive svBTC
Immediately receive **svBTC tokens** representing your proportional share of the vault.
### 3. Yield Accrual
As solvers use vault liquidity to settle cross-chain swaps:
* 0.5% settlement fee is captured on each transaction
* Fees flow back to the vault
* The svBTC:cbBTC exchange rate increases
### 4. Redeem
When you're ready to exit:
* Submit a withdrawal request
* Wait for the 30-day redemption period
* Receive cbBTC plus accumulated yield
***
## Vault Parameters
| Parameter | Value |
| --------------------- | --------------------- |
| **Deposit Asset** | cbBTC |
| **Vault Token** | svBTC (ERC-4626) |
| **Network** | Base Mainnet |
| **Minimum Deposit** | $500 USD equivalent |
| **Redemption Period** | 30 days |
| **Management Fee** | 0% |
| **Performance Fee** | 10% (on profits only) |
***
## Comparison
| Feature | Sova Vaults | DeFi Yield Farms | CEX Lending |
| ---------------------- | ------------------- | ---------------- | ----------------- |
| **Yield Source** | Settlement fees | Token emissions | Rehypothecation |
| **Sustainability** | Scales with usage | Dilutive | Counterparty risk |
| **On-chain Ownership** | ✓ | ✓ | ✗ |
| **Self-custody** | ✓ | ✓ | ✗ |
| **Transparency** | Verifiable on-chain | Varies | Opaque |
***
## Getting Started
| Step 1
Connect your wallet on Base Mainnet
| Step 2
Deposit cbBTC to receive svBTC
|
| ---------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------ |
| Step 3
Track your position as yield accrues
| Step 4
Redeem after the redemption period
|
***
## Learn More
* [Yield Mechanics](/sova-for-users/strategies/yield-mechanics) — How settlement fees generate returns
* [Flow of Funds](/sova-for-users/flow-of-funds) — From deposit to redemption
* [Glossary & FAQ](/sova-for-users/glossary-and-faq) — Common questions answered
# Getting Started
> **Everything you need to start earning yield with Sova vaults.**
***
## Requirements
| Requirement | Details |
| ----------- | ---------------------------------------------------- |
| **Wallet** | MetaMask, Coinbase Wallet, Rainbow, or WalletConnect |
| **Network** | Base Mainnet (Chain ID: 8453) |
| **Asset** | cbBTC |
| **Minimum** | $500 USD equivalent |
| **Gas** | Small amount of ETH on Base (\~$0.15) |
***
## Supported Asset
### cbBTC (Coinbase Wrapped Bitcoin)
Sova vaults accept **cbBTC** — Coinbase's wrapped Bitcoin on Base.
| Feature | Description |
| --------------- | ------------------------------------ |
| **Backing** | 1:1 with Bitcoin in Coinbase custody |
| **Network** | Native to Base for low gas costs |
| **Acquisition** | Coinbase, Sova Swap, or Base DEXs |
***
## Network
Sova vaults are live on **Base** — a fast, low-cost Layer 2.
| Parameter | Value |
| ------------- | ----------------------- |
| **Network** | Base Mainnet |
| **Chain ID** | 8453 |
| **Gas Costs** | \~$0.10 per transaction |
***
## How to Get cbBTC
### Option 1: Coinbase
Purchase BTC on Coinbase and withdraw directly as cbBTC to your Base wallet.
### Option 2: Sova Swap
Use [Sova Swap](https://app.sova.io/swap) to convert any token from 50+ chains to cbBTC on Base.
### Option 3: DEX Swap
Exchange USDC, ETH, or other tokens for cbBTC on Base DEXs like Aerodrome.
***
## What You'll Receive
When you deposit cbBTC, you receive **svBTC** — a tokenized vault share.
| Feature | Description |
| -------------- | ---------------------------------------- |
| **Standard** | ERC-4626 vault token |
| **Value** | Tracks your share of vault assets |
| **Yield** | Appreciates as settlement fees accrue |
| **Redemption** | Exchange for cbBTC + yield after 30 days |
> **Think of svBTC as a Receipt**
>
> Your svBTC balance stays constant. Its cbBTC value grows over time.
***
## Quick Start Checklist
Before depositing:
* [ ] Wallet connected to Base Mainnet
* [ ] ETH on Base for gas (\~$0.15)
* [ ] cbBTC in your wallet
* [ ] Minimum deposit ready ($500 USD equivalent)
***
## Next Steps
| Deposit
Deposit Flow
Step-by-step deposit guide
| Yield
Yield Mechanics
How settlement fees generate returns
|
| ---------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------- |
| Withdraw
Redeeming & Liquidity
30-day redemption process
| FAQ
Glossary & FAQ
Common questions answered
|
***
## Ready?
Head to [app.sova.io](https://app.sova.io) to connect your wallet and deposit cbBTC.
# Strategies
> **Yield from cross-chain settlement activity.**
Sova Vaults generate yield through **cross-chain settlement fees**. Unlike typical DeFi yield farms relying on token emissions, Sova yield is derived from real economic activity.
***
## How It Works
Vault capital is deployed to fund solver operations that settle cross-chain swap intents. Users deposit cbBTC, solvers access this liquidity to fulfill swaps, and the vault earns settlement fees.
***
## The Yield Loop
| Step | Description |
| -------------- | ------------------------------------------------------ |
| **1. Deposit** | Users deposit cbBTC into the vault |
| **2. Access** | Solvers access vault liquidity for cross-chain intents |
| **3. Settle** | Settlement fees (0.5%) captured on each swap |
| **4. Accrue** | Fees flow to vault, increasing svBTC exchange rate |
| **5. Earn** | Depositors earn yield proportional to vault share |
***
## Yield Sources
| Source | Description |
| ---------------------- | ------------------------------------------------ |
| **Settlement Fees** | 0.5% fee on all cross-chain swap volume |
| **Solver Spreads** | Competitive pricing margins from solver auctions |
| **Capital Efficiency** | Optimized liquidity deployment across routes |
> **Real Yield**
>
> All returns originate from actual transaction fees — no inflationary token rewards.
***
## Vault Structure
The svBTC vault is deployed as an **ERC-4626 compliant** smart contract.
| Parameter | Value |
| ----------------- | ------------------- |
| **Deposit Asset** | cbBTC |
| **Vault Token** | svBTC (ERC-4626) |
| **Yield Source** | Settlement fees |
| **Exchange Rate** | Increases with fees |
***
## Vault Lifecycle
### 1. Deposit
Deposit **cbBTC** into the vault on Base.
### 2. Token Issuance
Receive **svBTC tokens** representing your proportional vault share.
### 3. Capital Deployment
Vault liquidity funds solver operations for cross-chain settlements.
### 4. Yield Accrual
Settlement fees increase the svBTC:cbBTC exchange rate.
### 5. Redemption
Redeem svBTC for cbBTC plus accumulated yield after the 30-day redemption period.
***
## Parameters
| Parameter | Value |
| --------------------- | --------------------- |
| **Deposit Asset** | cbBTC |
| **Vault Token** | svBTC (ERC-4626) |
| **Minimum Deposit** | $500 USD equivalent |
| **Management Fee** | 0% |
| **Performance Fee** | 10% (on profits only) |
| **Redemption Period** | 30 days |
***
## Risk Factors
| Risk | Mitigation |
| ------------------ | ------------------------------------------ |
| **Smart Contract** | ERC-4626 standard, audited contracts |
| **Solver Default** | Collateralization requirements, bonding |
| **Liquidity** | 30-day redemption period for orderly exits |
| **Market** | Yield varies with cross-chain swap volume |
> **Transparent Operations**
>
> All vault operations are on-chain and verifiable on [BaseScan](https://basescan.org).
***
## Learn More
* [Yield Mechanics](/sova-for-users/strategies/yield-mechanics) — Detailed breakdown of fee generation
# Yield Mechanics
> **Real yield from cross-chain settlement fees.**
***
## Where Yield Comes From
Sova vault yield is generated from **cross-chain settlement fees**. When users swap assets across blockchain networks through Sova, solvers use vault liquidity to execute these transactions and earn fees.
This is **real yield** from actual economic activity — not token emissions or inflationary rewards.
***
## Fee Flow
When a user initiates a cross-chain swap, solvers fulfill the intent using vault liquidity. A 0.5% settlement fee is captured on each transaction. These fees accrue to the vault, causing the svBTC exchange rate to increase over time.
> **Sustainable Returns**
>
> Yield scales with swap volume. More users swapping = more fees = higher APY.
***
## How Yield Reflects in svBTC
Sova uses a **share-based accounting system**. When you deposit, you receive svBTC tokens. Over time, the **redemption value of each token increases** as fees accrue.
| Feature | Description |
| ---------------- | -------------------------------------- |
| **No claiming** | Yield auto-compounds via exchange rate |
| **On-chain NAV** | Transparent and verifiable |
| **Dashboard** | Track performance in real-time |
> **Simple Concept**
>
> Your svBTC balance stays constant. Its cbBTC redemption value grows.
***
## Exchange Rate Example
| Timeframe | Exchange Rate | Your Holdings | cbBTC Value |
| --------------- | ---------------------- | ------------- | ------------ |
| Day 0 (Deposit) | 1 svBTC = 1.0000 cbBTC | 1.0000 svBTC | 1.0000 cbBTC |
| Month 6 | 1 svBTC = 1.0425 cbBTC | 1.0000 svBTC | 1.0425 cbBTC |
| Year 1 | 1 svBTC = 1.0850 cbBTC | 1.0000 svBTC | 1.0850 cbBTC |
After 1 year at \~8.5% APY, your 1 svBTC redeems for 1.085 cbBTC.
> **Note**
>
> This is illustrative. Actual yields vary based on swap volume and market conditions.
***
## Yield Factors
| Factor | Impact |
| ---------------------- | -------------------------------------------- |
| **Swap Volume** | Higher volume = more settlement fees |
| **Network Activity** | More cross-chain demand = better utilization |
| **Solver Competition** | Efficient solvers maximize fee capture |
| **Vault Size** | Larger vaults can serve more settlements |
| **Market Conditions** | Volatility often increases swap activity |
***
## Capital Efficiency
Vault liquidity is deployed efficiently across settlement routes. When an intent is detected, liquidity is accessed, the settlement is completed, and capital returns to the vault with fees. This cycle repeats continuously, creating a yield loop where capital is constantly working.
***
## Fee Structure
| Fee | Rate | Recipient |
| ---------------------- | ---- | --------------------------- |
| **Settlement Fee** | 0.5% | Vault (yield to depositors) |
| **Management Fee** | 0% | — |
| **Performance Fee** | 10% | Protocol (on profits only) |
| **Deposit/Withdrawal** | 0% | — |
> **Aligned Incentives**
>
> Protocol only earns when depositors earn. No fees on principal, only on profits generated.
***
## Comparison
| Option | Yield Source | Sustainability |
| --------------- | ----------------- | ----------------------- |
| **Sova Vaults** | Settlement fees | Scales with usage |
| **DeFi Farms** | Token emissions | Dilutive, unsustainable |
| **CEX Lending** | Rehypothecation | Counterparty risk |
| **Staking** | Inflation rewards | Network-dependent |
Sova yield is backed by real transaction volume, not tokenomics.
# Flow of Funds
> **From deposit to yield: how your capital works.**
Sova provides a **transparent, on-chain path** for your cbBTC to generate yield through cross-chain settlement activity.
***
## Overview
| Stage | What Happens |
| ----------- | -------------------------------------- |
| **Deposit** | cbBTC transferred to vault contract |
| **Mint** | svBTC tokens issued to your wallet |
| **Yield** | Settlement fees increase exchange rate |
| **Redeem** | Burn svBTC, receive cbBTC + yield |
***
## 1. Deposit cbBTC
You begin by depositing **cbBTC** into the Sova vault on Base.
| Detail | Description |
| ---------------- | ------------------------------ |
| **Contract** | Vault smart contract on Base |
| **Verification** | Transaction confirmed on-chain |
| **Activation** | Deposit immediately active |
***
## 2. Receive svBTC
In return for your deposit, you receive **svBTC tokens**.
| Detail | Description |
| ----------------- | ---------------------------------- |
| **Token Type** | ERC-4626 vault shares |
| **Exchange Rate** | svBTC minted at current rate |
| **Tracking** | Position tracked entirely on-chain |
***
## 3. Yield Generation
While your cbBTC is in the vault, solvers access vault liquidity to settle cross-chain swaps. A 0.5% fee is captured on each transaction and flows back to the vault, increasing the svBTC:cbBTC exchange rate.
> **Continuous Yield**
>
> Capital cycles through settlements continuously. More swap volume = more fees = higher yield.
***
## 4. Exchange Rate Appreciation
Your yield is reflected in the svBTC:cbBTC exchange rate:
| Aspect | Description |
| ----------- | ------------------------------------------ |
| **Balance** | Your svBTC balance stays constant |
| **Value** | cbBTC redemption value increases over time |
| **Action** | No claiming or compounding required |
***
## 5. Redemption
When you're ready to exit:
| Step | Description |
| ----------- | --------------------------------- |
| **Request** | Submit withdrawal in the Sova app |
| **Wait** | 30-day redemption period |
| **Receive** | cbBTC at current exchange rate |
> **30-Day Redemption**
>
> All withdrawals are subject to a 30-day redemption period to ensure orderly liquidity management.
***
## Next Steps
* [Deposit Flow](/sova-for-users/flow-of-funds/onchain-deposit-flow) — Step-by-step deposit guide
* [Redemption Flow](/sova-for-users/flow-of-funds/redemption-flow) — How withdrawals work
# Deposit Flow
Fully on-chain deposit flow with transparent, verifiable transactions.
> **Deposit cbBTC, receive svBTC, start earning.**
***
## Overview
| Step | Action | Time |
| ---- | -------------- | ------------ |
| 1 | Connect wallet | — |
| 2 | Approve cbBTC | \~10 seconds |
| 3 | Deposit cbBTC | \~10 seconds |
| 4 | Receive svBTC | Immediate |
***
## Step-by-Step
### Step 1: Connect Wallet
Connect your Web3 wallet to the Sova app on Base Mainnet.
| Supported Wallets |
| ----------------- |
| MetaMask |
| Coinbase Wallet |
| Rainbow |
| WalletConnect |
> **Network Check**
>
> Ensure you're connected to Base (Chain ID: 8453). The app will prompt you to switch if needed.
***
### Step 2: Approve cbBTC
If this is your first deposit, approve the vault contract to spend your cbBTC.
| Detail | Value |
| ------------- | ---------------------------- |
| **Frequency** | One-time per wallet |
| **Options** | Specific amount or unlimited |
| **Gas Cost** | \~$0.05 |
***
### Step 3: Deposit cbBTC
Enter the amount of cbBTC you want to deposit and confirm.
| Requirement | Value |
| ------------ | ------------------- |
| **Minimum** | $500 USD equivalent |
| **Maximum** | No limit |
| **Gas Cost** | \~$0.10 |
***
### Step 4: Receive svBTC
After your deposit confirms, svBTC tokens are minted to your wallet.
| Detail | Description |
| --------------- | ------------------------------ |
| **Calculation** | svBTC = cbBTC ÷ exchange rate |
| **Delivery** | Automatic to your wallet |
| **Status** | Position active, earning yield |
***
## Transaction Summary
| Transaction | Gas Cost | Frequency |
| ----------- | -------- | --------------- |
| Approve | \~$0.05 | Once per wallet |
| Deposit | \~$0.10 | Each deposit |
***
## Verification
All deposits are verifiable on-chain:
| Check | Method |
| ----------------- | ---------------------------------------- |
| **Transaction** | View on [BaseScan](https://basescan.org) |
| **svBTC Balance** | Check in wallet or Sova dashboard |
| **Exchange Rate** | Displayed in vault interface |
***
## What's Next?
Your svBTC is now earning yield from cross-chain settlement fees. The exchange rate will increase over time as fees accrue to the vault.
* [Yield Mechanics](/sova-for-users/strategies/yield-mechanics) — How yield is generated
* [Redemption Flow](/sova-for-users/flow-of-funds/redemption-flow) — How to withdraw
# Redemption Flow
When you're ready to exit, Sova processes withdrawals through a 30-day redemption period.
> **Withdraw your cbBTC plus accumulated yield.**
***
## Overview
| Parameter | Value |
| ---------------------- | ------- |
| **Redemption Period** | 30 days |
| **Withdrawal Fee** | 0% |
| **Minimum Withdrawal** | None |
***
## Step-by-Step
### Step 1: Initiate Withdrawal
Open the Sova app and navigate to the vault section.
* View your current svBTC balance
* See the current exchange rate and cbBTC value
* Click **"Withdraw"** to begin
***
### Step 2: Enter Amount
Specify how much you want to withdraw.
| Option | Description |
| ----------- | ------------------------------------ |
| **Partial** | Enter specific svBTC or cbBTC amount |
| **Full** | Use "Max" to withdraw entire balance |
You'll see a preview of the cbBTC you'll receive (principal + yield).
***
### Step 3: Confirm Request
Submit the withdrawal request.
* Request is recorded on-chain
* 30-day redemption period begins
* Your svBTC remains in your wallet during this period
***
### Step 4: Wait for Redemption Period
Your withdrawal processes over 30 days.
> **Track Progress**
>
> Monitor your withdrawal status in the Sova dashboard.
***
### Step 5: Claim cbBTC
Once the redemption period completes:
* Return to the Sova app
* Confirm the claim transaction
* svBTC is burned, cbBTC is transferred to your wallet
***
## What You Receive
| Component | Description |
| ------------- | --------------------------------------------- |
| **Principal** | Your original cbBTC deposit |
| **Yield** | Accumulated settlement fees |
| **Total** | cbBTC at the exchange rate when you requested |
***
## Verification
All redemptions are verifiable on-chain:
| Check | How |
| --------------- | ---------------------------------------- |
| **Transaction** | View on [BaseScan](https://basescan.org) |
| **Balance** | Confirm cbBTC in wallet |
| **svBTC** | Verify tokens were burned |
***
## FAQ
**Can I cancel a withdrawal request?**
Yes, you can cancel a pending withdrawal before the redemption period completes.
**What exchange rate do I get?**
The exchange rate is locked when you submit the withdrawal request.
**Can I make multiple withdrawal requests?**
Yes, you can have multiple pending withdrawals at different stages of the redemption period.
# Redeeming & Liquidity
> **30-day redemption period for all withdrawals.**
When you're ready to exit your position, Sova processes withdrawals through a structured redemption period to ensure orderly liquidity management.
***
## Redemption Timeline
| Phase | Duration | Description |
| -------------- | --------- | ------------------------------ |
| **Request** | Immediate | Submit withdrawal, rate locked |
| **Processing** | 30 days | Redemption period |
| **Claim** | Immediate | Receive cbBTC + yield |
***
## How to Redeem
### 1. Submit Request
Navigate to the vault section and click **"Withdraw"**.
### 2. Enter Amount
Specify svBTC amount or use "Max" for full balance.
### 3. Confirm
Review the cbBTC you'll receive and confirm the transaction.
### 4. Wait
30-day redemption period begins.
### 5. Claim
Return after 30 days to claim your cbBTC.
***
## What You Receive
| Component | Description |
| ------------- | -------------------------------------------------------- |
| **Principal** | Your original cbBTC deposit |
| **Yield** | Accumulated settlement fees (reflected in exchange rate) |
| **Total** | cbBTC at the rate when you requested |
***
## Key Details
| Parameter | Value |
| ----------------------- | --------------------------- |
| **Redemption Period** | 30 days |
| **Withdrawal Fee** | 0% |
| **Minimum Withdrawal** | None |
| **Partial Withdrawals** | Supported |
| **Cancel Request** | Available before completion |
***
## Why 30 Days?
The redemption period ensures:
| Reason | Benefit |
| ------------------------ | -------------------------------------------------- |
| **Liquidity Management** | Vault maintains sufficient capital for settlements |
| **Yield Continuity** | Active capital continues generating fees |
| **Orderly Processing** | Prevents liquidity crunches |
> **Rate Protection**
>
> Your exchange rate is locked when you submit the request. You're protected from any rate changes during the 30-day period.
***
## Tracking Your Withdrawal
Monitor progress in the Sova dashboard:
| Status | Description |
| -------------- | --------------------------------- |
| **Pending** | Request submitted, period started |
| **Processing** | Redemption period in progress |
| **Ready** | 30 days complete, ready to claim |
| **Completed** | cbBTC claimed |
***
## Cancellation
You can cancel a pending withdrawal at any time before completion:
* svBTC remains in your wallet
* No penalties or fees
* Submit a new request anytime
***
## FAQ
**Can I withdraw immediately?**
No. All withdrawals require a 30-day redemption period.
**What if I need liquidity sooner?**
svBTC is an ERC-4626 token. You may be able to trade it on secondary markets, though liquidity is not guaranteed.
**Do I keep earning yield during the 30 days?**
Your svBTC continues to appreciate until the withdrawal is claimed. However, the exchange rate for your withdrawal is locked at the time of request.
# Glossary & FAQ
***
## Glossary
| Term | Definition |
| --------------------- | ---------------------------------------------------------------------------------------------------------------- |
| **svBTC** | Vault token received when depositing cbBTC. Represents your share of the vault and appreciates as yield accrues. |
| **cbBTC** | Coinbase Wrapped Bitcoin — the deposit asset for Sova vaults. 1:1 backed by Bitcoin. |
| **Vault** | ERC-4626 smart contract that accepts deposits, issues svBTC, and tracks yield via exchange rate. |
| **Exchange Rate** | Ratio of svBTC to cbBTC. Increases over time as settlement fees accrue. |
| **Settlement Fee** | 0.5% fee captured when solvers use vault liquidity for cross-chain swaps. |
| **Solver** | Entity that fulfills cross-chain swap intents using vault liquidity. |
| **Redemption Period** | 30-day waiting period for withdrawals. |
| **Reporter** | Smart contract that posts valuation updates on-chain. |
| **Conduit** | Smart contract that handles fund transfers into and out of the protocol. |
***
## Frequently Asked Questions
### Deposits
**What's the minimum deposit?**
$500 USD equivalent in cbBTC.
**How do I get cbBTC?**
* Purchase BTC on Coinbase and withdraw as cbBTC to Base
* Use [Sova Swap](https://app.sova.io/swap) to convert any token to cbBTC
* Swap on Base DEXs like Aerodrome
**When do I start earning yield?**
Immediately after your deposit confirms. Your svBTC begins appreciating as soon as it's minted.
***
### Yield
**How do I earn yield?**
Yield accrues automatically as solvers use vault liquidity to settle cross-chain swaps. The 0.5% settlement fee flows to the vault, increasing the svBTC:cbBTC exchange rate.
**Do I need to claim rewards?**
No. Yield is reflected in the exchange rate — no claiming required.
**What affects my yield?**
| Factor | Impact |
| --------------------- | -------------------------------------------- |
| **Swap Volume** | Higher volume = more settlement fees |
| **Network Activity** | More cross-chain demand = better utilization |
| **Vault Size** | Larger vaults can serve more settlements |
| **Market Conditions** | Volatility often increases swap activity |
**Is the yield sustainable?**
Yes. Unlike token emissions, Sova yield comes from real transaction fees. Yield scales with protocol usage.
***
### Withdrawals
**How long does withdrawal take?**
All withdrawals require a **30-day redemption period**.
| Phase | Duration |
| ---------- | --------- |
| Request | Immediate |
| Processing | 30 days |
| Claim | Immediate |
**Can I cancel a withdrawal?**
Yes. Cancel anytime before the 30-day period completes. No penalties.
**What if I need liquidity sooner?**
svBTC is an ERC-4626 token. You may be able to trade it on secondary markets, though liquidity is not guaranteed.
***
### Fees
**What are the fees?**
| Fee | Rate |
| ------------------- | --------------------- |
| **Management Fee** | 0% |
| **Performance Fee** | 10% (on profits only) |
| **Deposit Fee** | 0% |
| **Withdrawal Fee** | 0% |
***
### Technical
**Is this custodial?**
No. Sova is non-custodial. You retain ownership of your svBTC tokens. The underlying cbBTC is held in the vault smart contract.
**What chain is this on?**
Base Mainnet (Chain ID: 8453).
**Can I use svBTC in DeFi?**
Yes. svBTC is ERC-4626 compliant and can integrate with lending markets, structured products, and portfolio dashboards.
***
### Security
**Is the vault audited?**
Yes. See the [Security](https://github.com/SovaNetwork/sovaprime-ts/blob/main/docs/vaults/technical-resources/security.md) page for audit reports.
**Where can I verify transactions?**
All vault operations are visible on [BaseScan](https://basescan.org).
# Protocol Overview
Sova is a protocol for yield-bearing Bitcoin vaults, providing a secure framework for earning yield from cross-chain settlement activity.
## What Sova Enables
* Yield-bearing Bitcoin vaults with share-based accounting (ERC-4626)
* Real yield from cross-chain settlement fees
* NAV oracle integration via Reporter contracts
* Extensible hook system for operational controls
* Role-based access control for protocol administration
***
## Deployment
| Parameter | Value |
| ------------------- | ----------------- |
| **Network** | Base Mainnet |
| **Chain ID** | 8453 |
| **Version** | V1 |
| **Deployment Date** | 2025-07-07 |
| **Git Tag** | `deploy-20250707` |
***
## Contract Addresses
| Contract | Address |
| ----------------------- | -------------------------------------------- |
| Role Manager | `0x6c826Ea5664d64F570ed50d82107593c33af8A47` |
| Registry | `0x50f4EF3B29362abA1B9EA88E600B016d99c44C3E` |
| Conduit | `0x66Df6ECcC14D8bd12249b587835D92125e9DBe71` |
| Price Oracle Reporter | `0xB8bBabD3134C18cA705dA904A73A86CB1001955a` |
| Strategy Implementation | `0x66CA4C7973A73fd243563D068452F8D1C2D1E123` |
***
## Resources
* **Audits:** See [Security](https://github.com/SovaNetwork/sovaprime-ts/blob/main/docs/vaults/technical-resources/security.md) for audit reports
***
## Technical Documentation
* [Smart Contracts](https://github.com/SovaNetwork/sovaprime-ts/blob/main/docs/vaults/technical-resources/smart-contracts.md) — Architecture, components, and API reference
* [Integration Guide](https://github.com/SovaNetwork/sovaprime-ts/blob/main/docs/vaults/technical-resources/integration-guide.md) — Building with svBTC
* [Security](https://github.com/SovaNetwork/sovaprime-ts/blob/main/docs/vaults/technical-resources/security.md) — Audit and security measures
# Smart Contract Architecture
Sova is designed as a modular, composable system of smart contracts that conform to well-established EVM standards, ensuring extensibility, security, and developer-friendliness.
# Core Components
This section outlines the foundational modules that power the Sova protocol. Each component is modular, extensible, and designed to integrate with DeFi standards.
# Detailed Protocol Flows
# Developers Zone
Sova is built to be composable, auditable, and extendable.
# Security
# Security Considerations
The protocol implements several security measures to protect against common vulnerabilities.
# Legal Disclaimer
### Investment Offering Restrictions
This documentation and the Sova platform do not constitute an offer to sell or the solicitation of an offer to buy any security or investment product. Any offering of interests in funds accessible through the Sova platform will be made only by means of a confidential private offering memorandum and only to non-U.S. persons who are accredited investors, in jurisdictions where permitted by law.
### Platform Role and Limitations
Sova is a software platform that provides technology infrastructure for investors to access third-party fund offerings.
**Important:** Sova does not:
* Issue, manage, or market any investment products
* Provide investment advice
* Assume responsibility for fund management or operations
All investment offerings are managed and operated by independent fund managers who assume full responsibility for regulatory compliance and investor communication.
### Investment Risk Disclosure
**WARNING:** Investments accessible through the Sova platform are speculative and involve a high degree of risk.
Investors should be aware that:
* There may be limited liquidity in these investments
* Transfer restrictions may apply
* There is no assurance of achieving targeted returns
* Past performance is not indicative of future results
* Potential loss of principal
Prospective investors should carefully review the relevant offering documents and consult their own financial, legal, and tax advisors before making any investment decision.
### General Information
The information contained in this documentation is for informational purposes only, is subject to change without notice, and does not purport to be complete. For more information, refer to the full [Platform Disclaimer](/legal-information/terms-of-use/platform-disclaimer).
### Geographic Restrictions
**Sova is currently not available to U.S. persons or businesses.** Sova is also not available for individuals residing in Cuba, Iran, North Korea, Russia, Syria, and the following regions of Ukraine: Crimea, Donetsk and Luhansk.
# Trust & Compliance
## Built for Security
Sova is engineered to meet **high standards** of on-chain safety and operational security — while maintaining the permissionless, self-custodial nature of crypto.
This is achieved through a **multi-layer architecture** of smart contracts, role-based controls, and audited code.
***
## 1. Non-Custodial Architecture
Sova uses a **modular architecture** to separate control over assets and execution.
### Core Components
* **Conduit**: A smart contract that manages all asset transfers into and out of the vault — ensuring no funds move without proper authorization
* **Vault Contract**: Holds cbBTC deposits and issues svBTC tokens
* **Reporter**: Provides on-chain valuation updates
> **Self-Custodial**
>
> Users retain on-chain ownership of their svBTC tokens at all times. The underlying cbBTC is held in the vault smart contract, not by any third party.
***
## 2. Role-Based Access Control
Sova implements a strict **hierarchical role system** to minimize risks and prevent abuse:
| Role | Responsibilities |
| --------------------- | --------------------------------------------------------- |
| **Protocol Admin** | System-level permissions, governance control |
| **Strategy Admin** | Approves new strategies and asset integrations |
| **Price Updater** | Updates NAV via oracle reporters |
| **Strategy Operator** | Executes operational actions (e.g., liquidity management) |
> **Zero Unauthorized Access**
>
> Every smart contract interaction is permission-gated. Unauthorized access is blocked at the protocol level.
***
## 3. Audit Coverage
All core contracts powering Sova are **fully audited** and follow security best practices:
* **ERC4626 vault logic**
* **Deposit and withdrawal flows**
* **Reporter and price oracle integration**
* **Access control and role manager systems**
Audit reports: See [Security](https://github.com/SovaNetwork/sovaprime-ts/blob/main/docs/vaults/technical-resources/security.md) for full audit details.
***
## 4. Oracle & Valuation Integrity
Valuation updates are submitted by authorized roles only, using the **Reporter contract**.
### To ensure accuracy and prevent manipulation:
* **All NAV updates** are timestamped and versioned
* **Price changes** above a set deviation threshold are automatically rejected
* **Role-based permissions** restrict who can submit updates
***
## 5. Smart Contract Security
### Security measures include:
* **Audited contracts** by Omniscia
* **ERC-4626 standard** compliance for vault operations
* **Minimal proxy pattern** for gas-efficient, battle-tested deployments
* **Hook system** for extensible operational controls
> **Transparent Operations**
>
> All vault operations are on-chain and verifiable on BaseScan.
# Terms of Use
**Interface Terms of Use**
**Sova Labs, Inc.**
**Last Modified: June 18, 2025**
Welcome to the Sova website and Sova Interface. The Following Terms of Use govern user access to and use of and app.sova.io (collectively, the "Interface").
### 1. Acceptance of the Terms of Use
These terms of use are entered into by and between you (the "User") and Sova ("Company," "we," or "us"). The following terms and conditions, together with any documents they expressly incorporate by reference (collectively, "Terms of Use"), govern User's access to and use of the Interface located at app.sova.io, including any content, functionality, subpages, and services offered on or through the Interface. The Interface provides access to the Sova protocol that facilitates a decentralized method for crypto-asset investment, yield generation, and cross-chain liquidity provision through blockchain infrastructure (the "Protocol"), including an ability for Participants to serve in certain capacities or perform certain functionalities when interacting with the Protocol.
User must read the Terms of Use carefully before it starts to use the Interface. By using the Interface, or by clicking to accept or agree to the Terms of Use when this option is made available to the User, the User accepts and agrees to be bound and abide by these Terms of Use and our Privacy Policy, incorporated herein by reference. If the User does not want to agree to these Terms of Use, the Privacy Policy, or any documents applicable to them that are incorporated herein by reference, the User must not access or use the Interface. To the extent that there is a conflict between these Terms of Use and any applicable additional terms, these Terms will control unless expressly stated otherwise. If the User does not agree with these Terms of Use, that User may not visit or use the Interface.
This Interface is offered and available to users who are 18 years of age or older. By using this Interface, the User represents and warrants that the User is at least the higher of legal age to form a binding contract with the Company in the User's applicable jurisdiction or eighteen (18) years of age, and meet all of the foregoing eligibility requirements. If the User does not meet all of these requirements, the User must not access or use the Interface.
User and Company shall undertake in good faith with respect to each other's rights and undertake with the other to do all things reasonably that are necessary or desirable to give effect to the spirit and intent of this Agreement.
### 2. Changes to the Terms of Use
We may revise and update these Terms of Use from time to time in our sole discretion. All changes are effective immediately when we post them and apply to all access to and use of the Interface thereafter. However, any changes to the dispute resolution provisions set out in Governing Law and Jurisdiction will not apply to any disputes for which the parties have actual notice before the date the change is posted on the Interface.
The User's continued use of the Interface following the posting of revised Terms of Use means that the User accepts and agrees to the changes. The User is expected to check this page each time it accesses this Interface, so it is aware of any changes, as they are binding on the User.
Notwithstanding the above, we will seek your consent to future modifications to the Terms of Use to the extent we are required to do so by law.
### 3. Electronic Communication
We may be required or choose to provide certain communications to User in written form. By agreeing to the Terms of Use, User consents to the delivery of those communications in electronic form, including e-mail or other electronic message. User agrees that all terms and conditions, disclosures, or agreements provided by Company electronically satisfy any legal requirement such communications would satisfy if they were provided in non-electronic writing. User waives any rights to require an original, wet, non-electronic signature, to the extent that such waiver is not prohibited under applicable law.
### 4. Accessing the Interface and User Security
We reserve the right to withdraw or amend this Interface, and any service or material we provide on the Interface, in our sole discretion without notice. We will not be liable if for any reason all or any part of the Interface is unavailable at any time or for any period. From time to time, we may restrict access to some parts of the Interface, or the entire Interface, to those who access the Interface ("Participants").
The User is responsible for both:
Making all arrangements necessary for the User to have access to the Interface.
Ensuring that all persons who access the Interface through the User's internet connection are aware of these Terms of Use and comply with them.
To access the Interface or some of the resources it offers, the User may be asked to utilize certain Web3 capabilities, such as MetaMask or another crypto-asset wallet capable of interacting with the User's web browser ("Web3 Utilities"). It is a condition of the User's use of the Interface that all the information only operate such Web3 Utilities with a private key(s) that the User created or has the direct, explicit permission of the party who created the relevant private key(s). The User agree that all information it provides to interact with the Interface or otherwise, including, but not limited to, through the use of any interactive features on the Interface, is governed by our Privacy Policy, and the User consents to all actions we take with respect to the User's information consistent with our Privacy Policy.
If the User utilizes a Web3 Utility that relies on a username, password, private key, or any other piece of information as part of its security procedures, the User must treat such information as confidential, and the User must not disclose that information to any other person or entity. The User also acknowledges that any identity linked to its Web3 Utility is personal to the User and agrees not to provide any other person with access to such identity while using this Interface or portions of it using its Web3 Utility. The User also agrees to ensure that it will lock or otherwise prevent its Web3 Utility from unauthorized use on this Interface at the end of each session. The User should use particular caution when accessing the Interface from a public or shared computer so that others are not able to view or record the User's password, private key, or other personal information.
We have the right to disable any identity associated with a Web3 Utility (such as that represented by a public address) on the Interface or to block any IP address from accessing the Interface at any time in our sole discretion for any or no reason, including if, in our opinion, the User or that identity has violated any provision of these Terms of Use.
### 5. Intellectual Property Rights
The Interface and its entire contents, features, and functionality (including but not limited to all information, software, text, displays, images, video, and audio, and the design, selection, and arrangement thereof) are owned by the Company, its licensors, or other providers of such material and are protected by United States and international copyright, trademark, patent, trade secret, and other intellectual property or proprietary rights laws.
Subject to the terms and conditions of the Terms of Use, we grant the Users a limited, non-transferable, non-sublicensable, non-exclusive, revocable license to use the Interface for personal use until such time as the Terms of Use terminate or expire or the User's right to use or access the Interface is terminated.
The User must not reproduce, distribute, modify, create derivative works of, publicly display, publicly perform, republish, download, store, or transmit any of the material on our Interface, except as follows:
The User's computer may temporarily store copies of such materials in RAM incidental to the User's accessing and viewing those materials.
The User may store files that are automatically cached by the User's web browser for display enhancement purposes.
The User may print or download one copy of a reasonable number of pages of the Interface for its own personal, non-commercial use and not for further reproduction, publication, or distribution.
If we provide desktop, mobile, or other applications for download, the User may download a single copy to its computer or mobile device, provided the User agrees to be bound by our end user license agreement or other similar applicable agreement for such applications.
The User must not:
Modify copies of any materials from this Interface.
Use any illustrations, photographs, video or audio sequences, or any graphics separately from the accompanying text.
Delete or alter any copyright, trademark, or other proprietary rights notices from copies of materials from this Interface.
If the User wishes to make any use of material on the Interface other than that set out in this section, it should address its request to: .
If the User prints, copies, modifies, downloads, or otherwise uses or provides any other person with access to any part of the Interface in breach of the Terms of Use, the User's right to access the Interface will stop immediately and the User must, at our option, return or destroy any copies of the materials the User has made. No right, title, or interest in or to the Interface or any content on the Interface is transferred to the User, and all rights not expressly granted are reserved by the Company. Any use of the Interface not expressly permitted by these Terms of Use is a breach of these Terms of Use and may violate copyright, trademark, and other laws.
### 6. Trademarks
The Company name, the terms "Sova" and all related names, logos, product and service names, designs, and slogans are trademarks of the Company or its affiliates or licensors. You must not use such marks without the prior written permission of the Company; provided, however, User is hereby granted permission and license to use the term "Sova" and any related names (excluding the Company name), logos (excluding the Company logo), product and service names, designs, and slogans in any way that they see fit so long as such usage is not done in a way that: (1) is deceitful, fraudulent, or manipulative, (2) implies any relationship between user and the Company beyond that reasonably typical of the administrator of an interface and its users, or (3) to cause confusion in any way to gain assets or crypto-assets of, or personal information about, another party other than that intended by the protocol (for example, you may not use the foregoing marks to execute phishing attacks, spearphishing attacks, social engineering, or in any way that may cause a party to transmit assets or crypto-assets to an unintended recipient or to reveal private information, like a private key or password). All other names, logos, product and service names, designs, and slogans on the Website and Interface are the trademarks of their respective owners.
### 7. Prohibited Uses
The User may access or use the Interface only for lawful purposes and in accordance with these Terms of Use. The User agrees not to use or access the Interface:
In any way that violates any applicable federal, state, local, or international law or regulation (including, without limitation, any laws regarding the export of data or software to and from the US or other countries).
For the purpose of exploiting, harming, or attempting to exploit or harm minors in any way by exposing them to inappropriate content, asking for personally identifiable information, or otherwise.
To transmit, or procure the sending of, any advertising or promotional material, including any "junk mail," "chain letter," "spam," or any other similar solicitation.
To impersonate or attempt to impersonate the Company, a Company employee, another user, or any other person or entity (including, without limitation, by using email addresses, screen names, similarly named or commonly misspelled URLs, or blockchain identities associated with any of the foregoing).
To engage in any other conduct that restricts or inhibits anyone's use or enjoyment of the Interface, or which, as determined by us, may harm the Company or Participants, or expose them to liability.
If they are accessing the Interface from any jurisdiction where such access would be prohibited by law.
If doing so is in violation of any laws or regulations according to the User's applicable jurisdiction(s).
Additionally, the User agrees not to:
Attempt to deceive or defraud any person, or actually deceive or defraud any person, including (without limitation) provide any false, inaccurate, or misleading information with the intent to unlawfully obtain the property of another.
Promote any illegal activity, or advocate, promote, or assist any unlawful act.
Cause annoyance, inconvenience, or needless anxiety or be likely to upset, embarrass, alarm, or annoy any other person.
Impersonate any person, misrepresent the User's identity, or misrepresent its affiliation with any person or organization.
Engage in any activity or behavior that violates any applicable law, rule, or regulation concerning, or otherwise damages, the integrity of trading markets or the Protocol, including (without limitation) tactics commonly referred to as spoofing, pump-and-dump schemes, and wash trading.
Give the impression that they emanate from or are endorsed by the Company or any other person or entity if this is not the case.
Use the Interface to execute any transactions that may be considered a securities transaction or otherwise requires registration with the Securities and Exchange Commission, the Financial Industry Regulatory Authority, the Commodities Futures Trade Commission, the US Financial Crimes Enforcement Network, or any other global, federal or state regulator or agency or applicable self-regulatory organization.
Use the Interface in any manner that could disable, overburden, damage, impair, or interfere with any other party's use of the Interface, including their ability to engage in real time activities through the Interface.
Use any robot, spider, or other automatic device, process, or means to access the Interface for any purpose, including monitoring or copying any of the material on the Interface.
Use any manual process to monitor or copy any of the material on the Interface, or for any other purpose not expressly authorized in these Terms of Use, without our prior written consent.
Use any device, software, or routine that interferes with the proper working of the Interface.
Introduce any viruses, malware, Trojan horses, worms, logic bombs, malicious code, or other material that is malicious or technologically harmful.
Attempt to gain unauthorized access to, interfere with, damage, or disrupt any parts of the Interface, the server on which the Interface is stored, or any server, computer, or database connected to the Interface, including any underlying blockchain.
Violate the legal rights (including the rights of publicity and privacy) of others or contain any material that could give rise to any civil or criminal liability under applicable laws or regulations or that otherwise may be in conflict with these Terms of Use and our Privacy Policy.
Attack the Interface via a denial-of-service attack or a distributed denial-of-service attack.
Otherwise attempt to interfere with the proper working of the Interface.
### 8. Monitoring and Enforcement; Termination
We have the right to:
Take appropriate legal action, including without limitation, referral to law enforcement, for any illegal or unauthorized use of the Interface.
Terminate or suspend a User's access to all or part of the Interface for any or no reason, including without limitation, any violation of these Terms of Use.
Without limiting the foregoing, we have the right to cooperate fully with any law enforcement authorities or court order requesting or directing us to disclose the identity or other information of anyone using or accessing the Interface. THE USER WAIVES AND HOLDS HARMLESS THE COMPANY AND ITS AFFILIATES, LICENSEES, AGENTS, AND SERVICE PROVIDERS FROM ANY CLAIMS RESULTING FROM ANY ACTION TAKEN BY ANY OF THE FOREGOING PARTIES DURING, OR TAKEN AS A CONSEQUENCE OF, INVESTIGATIONS BY EITHER SUCH PARTIES OR LAW ENFORCEMENT AUTHORITIES.
However, we cannot review interactions or activities before they are executed through the Interface, and, given the nature of blockchain and smart contract activity, cannot ensure prompt removal or rectification of objectionable interactions or activities after they have been executed. Accordingly, we assume no liability for any action or inaction regarding transmissions, communications, transactions, blockchain operations, or content provided by any Participant or third party. TO THE FULLEST EXTENT PROVIDED BY LAW, WE HAVE NO LIABILITY OR RESPONSIBILITY TO ANYONE FOR PERFORMANCE OR NON PERFORMANCE OF THE ACTIVITIES DESCRIBED IN THIS SECTION, NOR FOR ANY HARMS OR DAMAGES CREATED BY OTHERS' INTERACTIONS WITH ANY BLOCKCHAIN UNDERLYING THE INTERFACE.
### 9. Reliance on Information Posted
The information presented on or through the Interface is made available solely for general information purposes. We do not warrant the accuracy, completeness, or usefulness of this information. Users should not take or refrain from taking any action based on any information contained on the Interface or any other information available, including but not limited to community calls, social media posts, articles, links to third-party content, Discord communications, or tutorials. All community communications from contributors to the ecosystem around the Company are independent of the Company, and we will not have and do not assume any responsibility for their actions or omissions. Any reliance the User places on such information is strictly at the User's own risk, and as is common in the blockchain space, the User is assuming a high amount of risk related to others or technical harms when operating via the Interface. We disclaim all liability and responsibility arising from any reliance placed on such materials by the User or any other visitor to the Interface, by anyone who may be informed of any of its contents, or by the actions (or omissions) of others interacting with any underlying blockchain.
This Interface may include content provided by third parties, including materials provided by other users, bloggers, and third-party licensors, syndicators, aggregators, and/or reporting services. All statements and/or opinions expressed in these materials, and all articles and responses to questions and other content, other than the content provided by the Company, are solely the opinions and the responsibility of the person or entity providing those materials. These materials do not necessarily reflect the opinion of the Company. We are not responsible, or liable to the User or any third party, for the content or accuracy of any materials provided by any third parties.
### 10. Changes to the Interface
We may update the content, design of, or functionalities available through this Interface from time to time, but the Interface is not necessarily complete or up-to-date. Any of the material on the Interface may be out of date at any given time, and we are under no obligation to update such material.
### 11. Information About The User and The User's Visits to the Interface
All information we collect on this Interface is subject to our Privacy Policy. By using the Interface, the User consents to all actions taken by us with respect to the User's information in compliance with the Privacy Policy.
### 12. No Professional Advice
All information or content provided or displayed by the Interface is for informational purposes only and should not be construed as professional advice (including, without limitation, tax, legal, or financial advice). The User should not take, or refrain from taking, any action based on any information or content displayed or provided on the Interface. The User should seek independent professional advice from an individual licensed and qualified in the area appropriate for such before the User makes any financial, legal, or other decisions involving the Interface. The User acknowledges and agrees that, to the fullest extent permissible by law, it has not relied on the Company or any other Participant for any professional advice related to its use of the Interface or interactions with the Protocol.
### 13. WARRANTY DISCLAIMER
The User understands that we cannot and do not guarantee or warrant that files available for downloading from the internet or the Interface will be free of viruses or other destructive code. The User is responsible for implementing sufficient procedures and checkpoints to satisfy the User's particular requirements for (1) an appropriate Web3 Utility; (2) anti-virus protection and accuracy of data input and output; and (3) maintaining a means external to our site for any reconstruction of any lost data. TO THE FULLEST EXTENT PROVIDED BY LAW, WE WILL NOT BE LIABLE FOR ANY LOSS OR DAMAGE CAUSED BY A DISTRIBUTED DENIAL-OF-SERVICE ATTACK, VIRUSES, OR OTHER TECHNOLOGICALLY HARMFUL MATERIAL THAT MAY INFECT THE USER'S COMPUTER EQUIPMENT, COMPUTER PROGRAMS, DATA, OR OTHER PROPRIETARY MATERIAL DUE TO THE USER'S USE OF THE INTERFACE OR ANY SERVICES OR ITEMS OBTAINED THROUGH THE INTERFACE OR TO THE USER'S DOWNLOADING OF ANY MATERIAL POSTED ON IT, OR ON ANY WEBSITE LINKED TO IT.
THE USER'S USE OF THE INTERFACE, ITS CONTENT, AND ANY OF ITS SERVICES IS AT THE USER'S SOLE RISK. THE INTERFACE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. TO THE FULLEST EXTENT LEGALLY PERMISSIBLE, WE, NOR ANY PERSON ASSOCIATED WITH THE COMPANY, MAKES, AND WE EXPLICITLY DISCLAIM, ANY AND ALL REPRESENTATIONS OR WARRANTIES OF ANY KIND RELATED TO THE INTERFACE (AND THE PROTOCOL), WHETHER EXPRESS, IMPLIED, OR STATUTORY, INCLUDING (WITHOUT LIMITATION) THE WARRANTIES OF MERCHANTABILITY, NON-INFRINGEMENT, AND FITNESS FOR A PARTICULAR PURPOSE. NEITHER THE COMPANY NOR ANY PERSON ASSOCIATED WITH THE COMPANY MAKES ANY WARRANTY OR REPRESENTATION WITH RESPECT TO THE COMPLETENESS, SECURITY, RELIABILITY, QUALITY, ACCURACY, OR AVAILABILITY OF THE INTERFACE. THE COMPANY AND ANY PERSON ASSOCIATED WITH THE COMPANY DOES NOT REPRESENT OR WARRANT THAT: (1) ACCESS TO THE INTERFACE WILL BE CONTINUOUS, UNINTERRUPTED, TIMELY, WITHOUT DELAY, ERROR-FREE, SECURE, OR FREE FROM DEFECTS; (2) THAT THE INFORMATION CONTAINED OR PRESENTED ON THE INTERFACE IS ACCURATE, RELIABLE, COMPLETE, CONCISE, CURRENT, OR RELEVANT; (3) THAT THE INTERFACE WILL BE FREE FROM DEFECTS, MALICIOUS SOFTWARE, ERRORS, PRIVATE, OR ANY OTHER HARMFUL ELEMENTS, OR THAT ANY OF SUCH WILL BE CORRECTED; OR THAT THE INTERFACE WILL MEET THE USER'S EXPECTATIONS. NO INFORMATION OR STATEMENT THAT WE MAKE, INCLUDING DOCUMENTATION OR OUR PRIVATE COMMUNICATIONS, SHOULD BE TREATED AS OFFERING ANY WARRANTY CONCERNING THE INTERFACE (OR AS A REPRESENTATION REGARDING THE PROTOCOL). WE DO NOT ENDORSE, GUARANTEE, OR ASSUME ANY LIABILITY OR RESPONSIBILITY FOR ANY CONTENT, ADVERTISEMENTS, OFFERS, STATEMENTS, OR ACTIONS BY ANY THIRD PARTY EITHER REGARDING OR THROUGH THE INTERFACE. THE FOREGOING DOES NOT AFFECT ANY WARRANTIES THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
### 14. LIMITATION OF LIABILITY
TO THE FULLEST EXTENT PROVIDED BY LAW, IN NO EVENT WILL THE COMPANY, ITS AFFILIATES, AGENTS, LICENSORS, SERVICE PROVIDERS, EMPLOYEES, AGENTS, OFFICERS, OR DIRECTORS BE LIABLE FOR DAMAGES OF ANY KIND, UNDER ANY LEGAL THEORY, ARISING OUT OF OR IN CONNECTION WITH THE USER'S USE, OR INABILITY TO USE, THE INTERFACE, THE PROTOCOL, ANY WEBSITES LINKED TO IT, ANY CONTENT ON THE INTERFACE OR SUCH OTHER WEBSITES, INCLUDING ANY DIRECT, INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES, INCLUDING BUT NOT LIMITED TO, PERSONAL INJURY, PAIN AND SUFFERING, EMOTIONAL DISTRESS, LOSS OF REVENUE, LOSS OF PROFITS, LOSS OF BUSINESS OR ANTICIPATED SAVINGS, LOSS OF USE, LOSS OF GOODWILL, LOSS OF DATA, AND WHETHER CAUSED BY TORT (INCLUDING NEGLIGENCE), BREACH OF CONTRACT, OR OTHERWISE, EVEN IF FORESEEABLE. THIS DISCLAIMER OF LIABILITY EXTENDS TO ANY AND ALL DAMAGES CAUSED BY ANY THIRD PARTY OR ANY FAILURE OF THE PROTOCOL OR THE UNDERLYING BLOCKCHAINS. THE FOREGOING DOES NOT AFFECT ANY LIABILITY THAT CANNOT BE EXCLUDED OR LIMITED UNDER APPLICABLE LAW.
### 15. Nature of Blockchain; Assumption of Risk; Waiver of Claims
Blockchains and smart contracts are still emerging technologies that carry a high amount of foreseeable and unforeseeable risk from security, financial, technical, political, social, and personal safety standpoints. The mere access to and interaction with blockchains and smart contracts requires a high degree of skill and knowledge to operate with a relative degree of safety and proficiency. Crypto-assets are highly volatile in nature due to many diverse factors, including (without limitation) use and adoption, speculation, manipulation, technology, security, and legal and regulatory developments and application. Further, the speed and cost of transacting with cryptographic technologies (such as blockchains) is variable and highly volatile. Moreover, the transparent nature of many blockchains means that any interactions the User has with the Protocol may be publicly visible and readable in human form.
By accessing and using the Interface, the User acknowledges the foregoing and agrees and represents that it understands such and other risks involved with blockchains and the Protocol. The User further represents that it has all knowledge sufficient to work, and is informed of all foreseeable risks, and the possibility of unforeseeable risks, associated with blockchains, crypto-assets, crypto mining, Web3 Utilities, smart contracts, and the Protocol. The User further acknowledges that any crypto-assets the User places or uses within the Protocol may increase or decrease in value rapidly while they are involved with the Protocol, or be obtained by other parties or otherwise lost in ways the User may or may not currently foresee (possibly to the User's severe harm or detriment). The User agrees that the Company is not responsible for any of these (or related) risks, does not own or control the Protocol, and cannot be held liable for any resulting harms, damages, or losses incurred by or against the User experiences while accessing or using the Interface. Accordingly, the User acknowledges the foregoing, represents its understanding of the foregoing, and agrees to assume full responsibility for all of the risks of accessing and using the Interface and interacting with the Protocol, whether mentioned in this section or otherwise. The User further expressly waives and releases us from any and all liability, claims, causes of action, or damages arising from or in any way relating to the User's use of the Interface and the User's interaction with the Protocol. If the User is a California resident, the User waives the benefits and protections of California Civil Code § 1542, which states: "\[a] general release does not extend to claims that the creditor or releasing party does not know or suspect to exist in his or her favor at the time of executing the release and that, if known by him or her, would have materially affected his or her settlement with the debtor or released party."
### 16. No Fiduciary Duties
This Agreement, and the provision of the Interface, is not intended to create any fiduciary duties between us and the User or any third-party. To the fullest extent permissible by law, the User agrees that neither the User's use of the Interface or the Protocol causes us or any Participant to owe fiduciary duties or liabilities to the User or any third party. Further, the User acknowledges and agrees to the fullest extent such duties or liabilities are afforded by law or by equity, those duties and liabilities are hereby irrevocably disclaimed, waived, and eliminated, and that we and any other Participant shall be held completely harmless in relation thereof. The User further agrees that the only duties and obligations that we or any Participant owes the User, and the only rights the User has related to this Agreement or the User's use of the Interface or the Protocol, are those set out expressly in this Agreement.
### 17. Provisions Specific to Certain Types of Participants
The Interface and the Protocol enable Participants to serve in certain capacities or perform certain functionalities when interacting with the Protocol. In order to serve in some of these capacities or otherwise perform these functionalities, the User may have been required to enter into other agreements or documents, each of which is hereby incorporated for reference. The types of Protocol capacities or functionalities available to Participants, and the provisions and restrictions applicable to Participates serving in such capacities or performing such functionalities, via the Interface include the following, and the User expressly agrees to be bound by any such applicable provisions and restrictions if it serves in any such capacity and/or performs any such functionality:
#### If the User is a Vault Depositor or Liquidity Provider:
There exist certain risks or harms related to depositing assets into vaults or providing liquidity to the Protocol, including (without limitation) risks of harm related to smart contract vulnerabilities, crypto-asset price volatility, impermanent loss, private key compromise or loss, blockchain transaction fees, or user-errors in crypto-asset transmission. The User acknowledges the foregoing, represents its understanding of the foregoing, and agrees to assume full responsibility for all of the risks related to its status as a Vault Depositor or Liquidity Provider (including, without limitation, the User's use of the Interface to perform certain deposit or liquidity provision functionalities), whether mentioned in this paragraph or otherwise. The User acknowledges the risk of complete loss of deposited assets through various mechanisms.
#### If the User is a Governance Token Holder:
There exist certain risks or harms related to holding governance tokens generally and Sova governance tokens specifically, including (without limitation) risks of harm related to token price volatility, vulnerabilities in underlying smart contracts, private key compromise or loss, blockchain transaction fees, or user-errors in crypto-asset transmission. The User also represents its understanding that certain risks or harms exist related to governance, including the possibility of vote manipulation or voter collusion, lack of notice related to ongoing voting matters, fixed periods where a governance token holder may vote, the failure for token holders to collectively achieve consensus to vote or to reach a conclusion, and other similar governance-related risks. The User acknowledges the foregoing, represents its understanding of the foregoing, and agrees to assume full responsibility for all of the risks related to its status as a Governance Token Holder (including, without limitation, the User's use of the Interface to perform certain governance functionalities), whether mentioned in this paragraph or otherwise. The User acknowledges the risk of complete loss of governance tokens through various mechanisms.
### 18. Compliance
The Interface may not be available, appropriate, or legal for use in some jurisdictions. By accessing or using the Interface, the User agrees that it is solely and entirely responsible for compliance with all laws and regulations under any jurisdiction applicable to the User. This includes responsibility for taxes—the User is solely responsible for any and all taxes or assessments now or hereafter claimed or imposed by any government authority or regulator associated with the User's use of the Interface.
The User may not use the Interface if the User is a citizen, resident, or member of any jurisdiction or group that is subject to economic sanctions, or if the User's use or access of the Interface would be illegal or otherwise violate any applicable law.
### 19. Links from the Interface
If the Interface may contain links to other sites and resources provided by third parties, these links are provided for convenience only. This includes links contained in advertisements, including banner advertisements and sponsored links. We have no control over the contents of those sites or resources, and accept no responsibility for them or for any loss or damage that may arise from the User's use of them. If the User decides to access any of the third-party websites linked to this Interface, the User does so entirely at its own risk and subject to the terms and conditions of use for such websites.
### 20. Vault and Protocol Specific Terms & Conditions
The User agrees that:
The User is in full control of the Wallet Addresses provided in the Sova web interface.
All crypto-asset deposits made by the User into Sova vaults or products will be transferred from Wallet Addresses that are fully controlled by the User.
The User understands that vault tokens (such as svBTC) represent proportional ownership of the underlying vault assets and that the value of these tokens may fluctuate based on vault performance and market conditions.
The User acknowledges that yield generated by vaults is not guaranteed and depends on protocol activity, market conditions, and other factors beyond the Company's control.
### 21. Indemnification
The User agrees to defend, indemnify, and hold harmless the Company, its affiliates, licensors, agents, and service providers, and its respective officers, directors, employees, contractors, agents, licensors, suppliers, successors, and assigns from and against any claims (including claims by any government agency or body), liabilities, damages, judgments, awards, losses, costs, expenses, or fees (including reasonable attorneys' fees) arising out of or relating to: (1) the User's violation of these Terms of Use; (2) the User's use of the Interface, including, but not limited to, the User's interactions with the Protocol, use of or reliance on the Interface's content, services, and products other than as expressly authorized in these Terms of Use; (3) the User's use or reliance on of any information obtained from the Interface; or (4) any other party's access and use of the Interface or Protocol with the User's assistance or by using any device or account that the User owns or control.
### 22. Governing Law and Jurisdiction
All matters relating to the Interface and these Terms of Use, and any dispute or claim arising therefrom or related thereto (in each case, including non-contractual disputes or claims), shall be governed by and construed in accordance with the internal laws of \[Jurisdiction] without giving effect to any choice or conflict of law provision or rule (whether of \[Jurisdiction] or any other jurisdiction).
### 23. Arbitration; Class Arbitration Waiver
Any dispute, controversy or claim arising out of, relating to or in connection with the User's use of the Interface or the Protocol, or in connection with this Agreement, including disputes arising from or concerning their interpretation, violation, invalidity, non-performance, or termination, shall be finally resolved by binding arbitration by \[Arbitration Body] under its Rules of Arbitration. The tribunal shall have the power to rule on any challenge to its own jurisdiction or to the validity or enforceability of any portion of the agreement to arbitrate. The parties agree to arbitrate solely on an individual basis, and that these Terms of Use do not permit class arbitration or any claims brought as a plaintiff or class member in any class or representative arbitration proceeding. The arbitral tribunal may not consolidate more than one person's claims and may not otherwise preside over any form of a representative or class proceeding. In the event the prohibition on class arbitration is deemed invalid or unenforceable, then the remaining portions of the arbitration agreement will remain in force.
### 24. Class Action and Jury Trial Waiver
Without limiting Section 23, any disputes related to User's use of the Interface or the Protocol must be brought in an individual capacity and not as a plaintiff in or member of any purported class action, collective action, private attorney general action, or other representative proceeding. This provision applies to any court action, action in front of a mediator, or class arbitration. The Parties agree to waive the right to demand a trial by jury.
ALL USERS ACKNOWLEDGE AND AGREE THAT THE USER AND COMPANY ACKNOWLEDGE AND AGREE THAT BOTH PARTIES ARE EACH WAIVING THE RIGHT TO A TRIAL BY JURY OR TO PARTICIPATE AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS ACTION OR REPRESENTATIVE PROCEEDING. To opt-out of arbitration, within 30 days of your use of the Interface, you must notify us in writing of your intent to opt-out of the Arbitration provisions by providing your first and last name and clear statement of your intent to opt out. The written intent to opt-out should be sent to .
### 25. Injunctive Relief Waiver
To the maximum extent permitted by law, the User agrees that the User will not be permitted to obtain an injunction or other equitable relief of any kind, such as any court action that may prevent the development or operation of the Interface.
### 26. Limitation on Time to File Claims
ANY CAUSE OF ACTION OR CLAIM THE USER MAY HAVE ARISING OUT OF OR RELATING TO THESE TERMS OF USE OR ITS USE OF THE INTERFACE MUST BE COMMENCED WITHIN ONE (1) YEAR AFTER THE CAUSE OF ACTION ACCRUES; OTHERWISE, SUCH CAUSE OF ACTION OR CLAIM IS PERMANENTLY BARRED.
### 27. Waiver and Severability
No waiver by the Company of any term or condition set out in these Terms of Use shall be deemed a further or continuing waiver of such term or condition or a waiver of any other term or condition, and any failure of the Company to assert a right or provision under these Terms of Use shall not constitute a waiver of such right or provision.
If any provision of these Terms of Use is held by a court or other tribunal of competent jurisdiction to be invalid, illegal, or unenforceable for any reason, such provision shall be eliminated or limited to the minimum extent such that the remaining provisions of the Terms of Use will continue in full force and effect.
### 28. Entire Agreement
The Terms of Use and any documented incorporated by reference herein constitute the sole and entire agreement between the User and the Company regarding the Interface and supersede all prior and contemporaneous understandings, agreements, representations, and warranties, both written and oral, regarding the Interface.
### 29. Comments and Concerns
This Interface is operated by Sova Labs, Inc.
All other feedback, comments, requests for technical support, and other communications relating to the Interface should be directed to:
# Platform Disclaimer
**THIS WEBSITE AND ITS ASSOCIATED MATERIALS, APPLICATIONS, AND CONTENT IS NOT AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITY OR INVESTMENT PRODUCT. ANY OFFERING OF INTERESTS IN FUNDS ACCESSIBLE THROUGH THE SOVA PLATFORM WILL BE MADE ONLY BY MEANS OF A CONFIDENTIAL PRIVATE OFFERING MEMORANDUM AND ONLY TO NON-U.S. PERSONS WHO ARE ACCREDITED INVESTORS, IN JURISDICTIONS WHERE PERMITTED BY LAW.**
Sova is a software platform that provides technology infrastructure for investors to access third-party fund offerings. Sova does not issue, manage, or market any investment products and does not provide investment advice. All investment offerings are managed and operated by independent fund managers who assume full responsibility for regulatory compliance and investor communication.
***
### INVESTMENT RISKS AND DISCLAIMERS
Investments accessible through the Sova platform are speculative and involve a high degree of risk. The Products are highly speculative and subject to loss. There may be limited liquidity, transfer restrictions, and no assurance of achieving targeted returns or that the investment objective will be achieved. Past performance is not indicative of future results.
The Presentation Materials are not intended to provide financial, tax, legal or accounting advice and do not purport to contain all the information that a prospective investor may require to make an informed investment decision. Each prospective investor should perform and rely on its own investigation and analysis of the Platform and the terms of any offering of the Products, including the merits and risks involved, and are advised to seek their own professional advice on the legal, financial and taxation consequences of making an investment in the Platform.
***
### THIRD PARTY INFORMATION
Certain information contained herein includes market and industry data that has been obtained from or is based upon estimates derived from third party sources, including industry publications, reports and websites. Third party sources generally state that the information contained therein has been obtained from sources believed to be reliable, but there is no assurance or guarantee as to the accuracy or completeness of included data. Although the data is believed to be reliable, neither the Platform nor its agents have independently verified the accuracy, currency or completeness of any of the information from third party sources referred to in this presentation or ascertained the underlying economic assumptions relied upon by such sources. The Platform and its agents hereby disclaim any responsibility or liability whatsoever in respect of any third-party sources of market and industry data or information.
***
### REGULATORY DISCLAIMER
No Products commission or similar regulatory authority has reviewed or in any way passed upon the Presentation Materials, and any representation to the contrary is an offence. Neither the Platform nor any agent of the Platform makes any representation or warranty, express or implied, and assumes no responsibility for the accuracy or completeness of the information contained in the Presentation Materials or any other oral or written communication transmitted to prospective investors, and nothing contained in this summary is, or shall be relied upon as, a promise or representation by the Platform or any agent of the Platform as to the past or future performance of the Platform.
***
### FORWARD-LOOKING STATEMENTS
This Presentation contains forward looking statements. By their nature, forward looking statements are subject to a variety of factors that could cause actual results to differ materially from the results suggested by the forward looking statements. In addition, the forward looking statements require the Platform to make assumptions and are subject to inherent risks and uncertainties. There is significant risk that the forward looking statements will not prove to be accurate, that the Platform's assumptions may not be correct and that actual results may differ materially from such forward looking statements. Accordingly, readers should not place undue reliance on the forward looking statements.
Generally forward looking statements can be identified by the use of terminology such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential" and similar expressions.
Forward looking statements contained in this presentation may include, but are not limited to statements with respect to the successful execution of the Platform's business and investment strategy, the use and benefits of its products and services, the Platform's favorable position in the market on a go-forward basis, demographic and market size/trends, forecasts of revenue and financial projections/growth potential, competitive analysis, projected milestones, and other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance.
The forward looking statements contained in this presentation are made as of the date hereof or the dates specifically referenced in this Presentation, where applicable. Except as required by law, the Platform undertakes no obligation to update publicly or to revise any forward looking statements that are contained or incorporated in this presentation. All forward looking statements contained in this presentation are expressly qualified by this cautionary statement.
***
### GENERAL PROVISIONS
The Platform retains the right, at any time, to terminate any discussions or usage of the platform with any user. In the event of such termination the Platform will not be under any obligation to disclose the reasons for such termination nor will they have any liability to any recipient thereof for any costs whatsoever incurred in the consideration of the information contained in these Presentation Materials.
Sova is currently not available to U.S. persons or businesses. Unless otherwise noted, all figures are expressed in United States Dollars.
Prospective investors should carefully review the relevant offering documents and consult their own financial, legal, and tax advisors before making any investment decision.
# Mini App
The Sova Mini App brings cross-chain swaps and vault access directly into social platforms. Available on Base within Farcaster and other supported environments.
***
## Features
### Swap
Execute cross-chain swaps without leaving your social feed:
* **Base Token Swaps** — Swap between any tokens on Base
* **Native BTC** — Send tokens from Base, receive Bitcoin directly
* **Native ZEC** — Send tokens from Base, receive Zcash directly
* **Inbound Swaps** — Send BTC or ZEC, receive tokens on Base
All swaps use the same intent-based settlement as the main Sova app.
### Vaults
Access Sova vaults directly from the mini app:
* **Deposit cbBTC** — Earn yield from cross-chain settlement fees
* **Track svBTC** — View your vault position and accumulated yield
* **Redeem** — Withdraw cbBTC plus yield anytime
### Points
Track your Sova activity and climb the leaderboard:
* **Daily Check-in** — Earn points for daily engagement
* **Swap Rewards** — Points for every cross-chain swap
* **Leaderboard** — See how you rank against other users
***
## Accessing the Mini App
### Farcaster
The Sova Mini App is available as a Farcaster Frame. Access it through:
1. Farcaster clients that support Frames (Warpcast, etc.)
2. Cast interactions with Sova-enabled content
3. Direct Frame links shared in casts
### Requirements
* **Wallet** — Any EVM wallet supported by your Farcaster client
* **Network** — Base Mainnet (auto-prompts to switch if needed)
* **Assets** — Tokens on Base for swaps, cbBTC for vault deposits
***
## Swap Flow
### Outbound (Base → BTC/ZEC)
1. Select the token you want to swap from
2. Choose destination: Bitcoin or Zcash
3. Enter your BTC or ZEC receiving address
4. Review quote and confirm
5. Receive native assets in your wallet
### Inbound (BTC/ZEC → Base)
1. Select BTC or ZEC as your source
2. Choose which Base token to receive
3. Get a unique deposit address
4. Send crypto to the deposit address
5. Receive tokens on Base
***
## Technical Details
| Parameter | Value |
| -------------------- | --------------------------------------- |
| **Platform** | Farcaster Frames |
| **Network** | Base Mainnet |
| **Settlement** | Intent-based via solver network |
| **Supported Assets** | All Base tokens, native BTC, native ZEC |
***
## Integration
Developers can embed Sova swap functionality in their own Frames using the Sova Frame SDK. Contact the team for integration details.
***
## Support
| Channel | Contact |
| ----------- | ------------------------------------------------ |
| **Discord** | [discord.gg/sovaBTC](https://discord.gg/sovaBTC) |
| **Twitter** | [@sovabtc](https://twitter.com/sovabtc) |