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Average Ratings 0 Ratings
Description
The Proof of Reserves Kit serves as a verification tool for reserves, catering to cryptocurrency exchanges, brokers, and custodians that require verification for customer balances or reserve audits. It allows the importation of liability balances through various methods such as CSV files, read-only SQL queries, or internal HTTP endpoints, which are then compiled into a Merkle sum tree. The application verifies wallet balances declared on EVM networks, TRON, Bitcoin, Solana, and XRP Ledger at specific block or ledger positions, accommodating Bitcoin HD wallets via their extended public keys. Additionally, it utilizes read-only connectors to gather balances from Fireblocks vaults and both Binance spot and funding accounts. The software not only authenticates wallet-ownership signatures but also generates daily snapshots that are Ed25519-signed, along with auditor reports and CSV annexes available in both English and Turkish. Users have the capability to verify individual inclusion proofs via a dedicated branded verification page. The service can be accessed either as a BitPolaris-hosted solution or installed directly on customer servers, ensuring that it neither holds any keys nor facilitates fund transfers. This dual accessibility enhances its flexibility for various operational frameworks within the cryptocurrency ecosystem.
Description
Sovryn is committed to maintaining high security standards through regular audits by multiple auditors and a robust bug bounty program. In addition, the platform plans to introduce more secure oracles to enhance decentralization further. To safeguard against the risks of undercollateralized loans, an insurance fund is maintained, to which 10% of interest generated is contributed. Upholding one of the core tenets of decentralized finance, Sovryn emphasizes interoperability and the creation of open-source code. Users can transact seamlessly using bitcoin directly from their wallets, eliminating any friction in the process. All transactions are processed on the bitcoin blockchain through the RSK bitcoin sidechain. As a decentralized margin trading platform, Sovryn does not require any KYC or AML verification, allowing users to retain their pseudonymity. This system empowers individuals to lend and trade without the need to entrust their keys to a centralized entity. With a focus on user autonomy, Sovryn ensures that your keys, coins, and control remain exclusively in your hands. Borrowers on the platform leverage their bitcoin to establish margin trading positions, effectively borrowing bitcoin from lenders to amplify their trading potential. Through this structure, Sovryn facilitates a dynamic and user-centric trading environment.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
Binance
Yes
Bitcoin
No
BitcoinOS
No
Fireblocks
Yes
OpenDAX
Yes
Rootstock
No
Integrations
Binance
No
Bitcoin
Yes
BitcoinOS
Yes
Fireblocks
No
OpenDAX
No
Rootstock
Yes
Pricing Details
€490/month
For existing BitPolaris customers, the add-on costs €1,700 one time plus €85/month. The standalone hosted plan costs €6,300 for setup plus €490/month. The self-hosted license costs €9,800 one time, followed by €1,960/year for updates. Audit-day support costs €980 per quarter.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
Yes
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Vendor Details
Company Name
BitPolaris
Founded
2016
Country
Türkiye
Website
bitpolaris.com/products/proof-of-reserves/
Vendor Details
Company Name
Sovryn
Founded
2020
Website
www.sovryn.app/
Product Features
Product Features
Alternatives
No Alternatives