In this episode, Francis is joined by Edan Yago, co-founder of Sovryn. Founded in 2020, the decentralized Bitcoin trading and lending platform allows members to trade with leverage and earn yield by lending. Its mission is to build a full suite of decentralized tools to bridge Bitcoin with other aspects of the traditional economy and DeFi. Before this, Yago founded several other companies in the crypto space; including CementDAO, and Epiphyte. He is a passionate advocate for the mass adoption of open finance, and is keen to continue pioneering innovative financial products, as part of a borderless economy, and is active in the current advancements in El Salvador. In this conversation, Yago explains how Sovryn is “bringing the second leg of sovereignty to Bitcoin” giving people the ability to not only hold and control the currency, but also engage with it without intermediaries; explores the recent growth of the coin community and why it’s crucial it remains open and innovative; and discusses the adoption of Bitcoin as legal tender in El Salvador, and how this has forced the local financial system to adapt.
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