Core Components

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