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Average Ratings 0 Ratings

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features
design
support

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Write a Review

Description

Lockr offers a convenient platform for borrowing against Bitcoin and Ether without the need to liquidate these assets. With a competitive loan-to-value (LTV) ratio, users can maximize the utility of their valuable cryptocurrencies. The loans provided by Lockr are both instantaneous and assured, allowing for fund access within mere minutes. Interest on the borrowed amount accumulates daily, giving users flexibility in managing their cryptocurrency. Additionally, there are no restrictions on deposits, meaning funds can be withdrawn at any time without incurring fees. Lockr partners with a top-tier custodian, ensuring that all data exchanges are secured through SSL and utilize TLS 1.2 protocols. Moreover, sensitive information is protected with AES-256 encryption, further enhancing user security. This commitment to safety and efficiency makes Lockr an attractive option for crypto enthusiasts seeking financial flexibility.

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

Screenshots View All

Integrations

Bitcoin Yes 
BitcoinOS No 
Ethereum Yes 
Rootstock No 

Integrations

Bitcoin Yes 
BitcoinOS Yes 
Ethereum No 
Rootstock Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version Yes 

Pricing Details

No price information available.
Free Trial No 
Free Version 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 

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) Yes 
Online Support Yes 

Customer Support

Business Hours No 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs Yes 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Lockr Finance

Founded

2022

Country

United States

Website

www.lockrfinance.com

Vendor Details

Company Name

Sovryn

Founded

2020

Website

www.sovryn.app/

Product Features

Product Features

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