Why Sova?
Accelerating BTC Treasuries.
Bitcoin is the world’s most secure collateral - but most of it sits idle. Sova unlocks BTC’s next phase: a programmable, yield-bearing reserve run by code.
By combining a Bitcoin-native execution layer with institutional-grade BTC yield vaults, Sova turns passive balances into productive treasuries - transparent, composable, and aligned with holders.
1) BTC-native execution - treasury-as-code
First-class BTC in smart contracts - read UTXOs, verify L1 transactions, and program BTC flows directly
Custom Bitcoin precompiles - expose tx proofs, Merkle paths, and script parsing to Solidity
Dual-node validation - validators run Bitcoin Core and the EVM client, with a Sentinel that syncs finalized BTC events
Programmatic custody - m-of-n signers, timelocks, challenge windows, and bonded validators
EVM compatibility - ship BTC-aware apps with the standard Ethereum toolchain
2) Institutional BTC yield - Sova Prime
Flagship vault - deposit sovaBTC to mint spBTC under the ERC-4626 standard
Strategy sleeves - delta-neutral funding capture, futures basis trading, market-neutral lending
Target returns - ~8 to 10 percent net APY, paid through spBTC share price appreciation in BTC terms
Institutional safeguards - Master Loan Agreements, whitelists, reporting cadence, use-of-proceeds, no rehypothecation
Risk controls - concentration caps, tenor and LTV limits, oracles and cure periods, real-time onchain telemetry
3) Alignment over dilution - programmatic economics
Fixed supply - 21 billion SOVA, no inflation, no dilution
Revenue capture - vault fees 1 to 2 percent of TVL, bridge fees 0.1 percent, L2 usage and MEV
Automated recycling - fees route to buying more BTC for redeployment and to SOVA buybacks
The Sova Flywheel:
Network activity grows - deposits, allocations, redemptions
Fees accrue in BTC
Fees are recycled - buy more BTC or buy back SOVA
BTC per SOVA increases - fixed supply meets growing reserves
Alignment strengthens - better incentives for users and partners
More deposits flow in - the cycle repeats and accelerates
4) BTC Clearing House – Unified Liquidity Layer for BTC
Sova includes a protocol-level clearing layer for all major Bitcoin wrappers (e.g. WBTC, cbBTC, LBTC, FBTC). Through this, users can mint, redeem, and swap across BTC wrappers in a single pipeline, without friction.
sovaBTC as the standard - canonical 1 to 1 BTC-backed token across the network
Underlying reserves are held in a mix of native BTC and qualified BTC wrappers
Routing and clearing logic is embedded into Sova’s base layer
Mint, redeem, and swap between BTC, sovaBTC, and qualified wrappers like WBTC and cbBTC
A universal BTC interface that abstracts away complexity and enables seamless liquidity routing across chains and wrappers.
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