# Core Components

<table data-header-hidden><thead><tr><th width="184"></th><th width="223"></th><th></th></tr></thead><tbody><tr><td><strong>Component</strong></td><td><strong>Description</strong></td><td><strong>Key Features / Purpose</strong></td></tr><tr><td><strong>Sova Network</strong></td><td>The first <strong>Bitcoin-native Treasury Chain</strong>, built to accelerate BTC treasuries</td><td>- Bitcoin-aware execution layer (BTC is a first-class citizen in smart contracts)<br>- Treasury-as-code: standardizes deposits, vault allocations, and redemptions<br>- Uses distributed custody (multi-sig + time-locks) for native BTC<br>- Eliminates reliance on federated bridges or discretionary corporate governance</td></tr><tr><td><strong>sovaBTC</strong></td><td>Canonical, 1:1 Bitcoin-backed token minted via Sova</td><td>- Fully redeemable for native BTC<br>- Mintable from BTC or wrapped BTC forms (WBTC, cbBTC, etc.)<br>- Backing secured by qualified custodians and validator-based custody<br>- Standard unit of account across the network and DeFi integrations</td></tr><tr><td><strong>Sova Prime (spBTC)</strong></td><td>Flagship yield vault for Bitcoin</td><td>- Converts sovaBTC deposits into <strong>spBTC shares</strong> (ERC-4626 compliant)<br>- Deploys pooled BTC into vetted institutional strategies (basis trading, delta-neutral funding, secured lending)<br>- Targets ~8–10% net APY<br>- Transparent, onchain reporting with MLA-backed sleeves and real-time monitoring</td></tr><tr><td><strong>$SOVA Token</strong></td><td>Fixed-supply governance and value accrual token</td><td>- Supply capped at <strong>21B</strong> (no dilution)<br>- Captures protocol revenue (vault fees, bridge fees, L2 usage)<br>- Automated buyback engine recycles fees into BTC accumulation and $SOVA buybacks<br>- Aligns network activity with treasury growth (BTC-per-SOVA increases as usage scales)</td></tr><tr><td><strong>Buyback Engine</strong> </td><td>Programmatic system compounding treasury value</td><td>- Deposits generate fees<br>- Fees recycle into BTC accumulation or $SOVA buybacks<br>- BTC-per-SOVA rises<br>- Alignment strengthens, attracting more deposits<br>- Creates a self-reinforcing treasury cycle that accelerates over time</td></tr></tbody></table>
