SolvBTC-Navigation-Campaign-base-1536x864.png

Solv Protocol brings massive liquidity from BTCFi to DeFi.

Solv is a decentralized finance (DeFi) platform focusing on enhancing Bitcoin liquidity. It aims to unlock the potential of over $1 trillion in Bitcoin assets using a liquidity consensus framework. The protocol allows users to stake Bitcoin, reshaping how Bitcoin assets can be utilized in the DeFi space.

"Solv became a leader in TVL at the end of August, with 11,189 BTCB tokens staked into SolvBTC, and approximately 70% of SolvBTC participating in various Liquid Staking Tokens (LST), DeFi, and mining scenarios."
https://www.binance.com/en/square/post/2024-08-31-bnb-chain-s-solv-protocol-leads-tvl-competition-with-over-70-growth-12896058652401?utm_source=BinanceNewsRSS

Relation to Base L2
Recently, Solv Protocol expanded its offerings by launching Bitcoin staking options on Base L2. This initiative utilizes the Coinbase wrapped Bitcoin token, cbBTC, allowing cbBTC holders to engage in DeFi activities. The move is seen as revolutionary in the BTCFi sector, broadening the scope for Bitcoin involvement in decentralized finance.

Latest Updates on Bitcoin Staking
As of September 11, 2024, the launch of the liquid staking option through Solv Protocol enables cbBTC holders to participate in Bitcoin staking. The initiative not only facilitates staking yields through the creation of SolvBTC but also allows for the conversion into the liquidity token SolvBTC.BBN to access additional staking yields. This comes amid a growing trend of integrating Bitcoin into decentralized finance, further supported by cbBTC crossing $100 million in market cap shortly after its launch.

Implementation for cbBTC Token Holders on Base
Bitcoin Staking Access: cbBTC holders can mint SolvBTC, enhancing participation in DeFi.

Staking Yields: Additional staking opportunities are available through liquid staking with the SolvBTC.BBN token.

Market Impact: The swift market uptake of cbBTC indicates strong interest in Bitcoin's DeFi applications and its potential to unlock significant liquidity with over $330 billion estimated to harnessed via Solv Protocol Staking.

In sum, Solv Protocol's recent activities mark a significant advancement in Bitcoin staking capabilities on Base L2, offering new financial products while positioning Bitcoin more centrally in the evolving DeFi landscape.

Reference articles:
https://crypto.news/solv-protocol-launches-bitcoin-staking-for-cbbtc-holders-on-base/
https://www.cryptoglobe.com/latest/2024/09/solv-protocol-brings-bitcoin-staking-to-base-with-new-liquid-staking-options-expanding-bitcoins-role-in-the-onchain-economy/
https://www.globenewswire.com/news-release/2024/09/11/2944866/0/en/The-Future-of-BTCFi-Solv-s-Integrated-Bitcoin-Staking-Platform.html
https://coinjournal.net/news/binance-backed-solv-protocol-introduces-bitcoin-staking-on-base-with-cbbtc-token/

Solv Finance

Solv Protocol brings massive liquidity from BTCFi to DeFi.

Solv is a decentralized finance (DeFi) platform focusing on enhancing Bitcoin liquidity. It aims to unlock the potential of over $1 trillion in Bitcoin assets using a liquidity consensus framework. The protocol allows users to stake Bitcoin, reshaping how Bitcoin assets can be utilized in the DeFi space.

"Solv became a leader in TVL at the end of August, with 11,189 BTCB tokens staked into SolvBTC, and approximately 70% of SolvBTC participating in various Liquid Staking Tokens (LST), DeFi, and mining scenarios."
https://www.binance.com/en/square/post/2024-08-31-bnb-chain-s-solv-protocol-leads-tvl-competition-with-over-70-growth-12896058652401?utm_source=BinanceNewsRSS

Relation to Base L2
Recently, Solv Protocol expanded its offerings by launching Bitcoin staking options on Base L2. This initiative utilizes the Coinbase wrapped Bitcoin token, cbBTC, allowing cbBTC holders to engage in DeFi activities. The move is seen as revolutionary in the BTCFi sector, broadening the scope for Bitcoin involvement in decentralized finance.

Latest Updates on Bitcoin Staking
As of September 11, 2024, the launch of the liquid staking option through Solv Protocol enables cbBTC holders to participate in Bitcoin staking. The initiative not only facilitates staking yields through the creation of SolvBTC but also allows for the conversion into the liquidity token SolvBTC.BBN to access additional staking yields. This comes amid a growing trend of integrating Bitcoin into decentralized finance, further supported by cbBTC crossing $100 million in market cap shortly after its launch.

- Implementation for cbBTC Token Holders on Base
Bitcoin Staking Access: cbBTC holders can mint SolvBTC, enhancing participation in DeFi.

- Staking Yields: Additional staking opportunities are available through liquid staking with the SolvBTC.BBN token.

- Market Impact: The swift market uptake of cbBTC indicates strong interest in Bitcoin's DeFi applications and its potential to unlock significant liquidity with over $330 billion estimated to harnessed via Solv Protocol Staking.

In sum, Solv Protocol's recent activities mark a significant advancement in Bitcoin staking capabilities on Base L2, offering new financial products while positioning Bitcoin more centrally in the evolving DeFi landscape.

Reference articles:
https://crypto.news/solv-protocol-launches-bitcoin-staking-for-cbbtc-holders-on-base/
https://www.cryptoglobe.com/latest/2024/09/solv-protocol-brings-bitcoin-staking-to-base-with-new-liquid-staking-options-expanding-bitcoins-role-in-the-onchain-economy/
https://www.globenewswire.com/news-release/2024/09/11/2944866/0/en/The-Future-of-BTCFi-Solv-s-Integrated-Bitcoin-Staking-Platform.html
https://coinjournal.net/news/binance-backed-solv-protocol-introduces-bitcoin-staking-on-base-with-cbbtc-token/

Solv Protocol Launches BTC Staking for cbBTC on Base

Kawin Rungsimuntakul

Solv Protocol is a decentralized platform that aims to provide "native yield" opportunities for various crypto assets like Bitcoin, Ethereum, and stablecoins. Native yield refers to generating returns directly from holding an asset, similar to how Ethereum holders can earn yield from staking.

Solv sees the lack of native yield options for major assets like Bitcoin as a key barrier limiting the growth of their ecosystems. For example, the total value locked in Bitcoin DeFi is tiny compared to Ethereum's TVL relative to their market caps.

To solve this, Solv employs trading strategies across multiple chains, protocols, and exchanges to generate competitive yields for assets like BTC, ETH, and stablecoins. It will launch yield-bearing tokens like SolvBTC, SolvETH, and SolvUSD that increase in value over time by accruing yields from Solv's strategies.

These yield tokens represent a user's share of Solv's overall low-risk strategy portfolio. By holding them, users maintain exposure to the underlying asset's price appreciation while also earning yields. Solv has an advisory council that selects and monitors the included strategies to ensure transparency, credibility, and optimal risk-adjusted returns.

You can use my link to farm for points

https://app.solv.finance/points/PZW67W

Solv Protocol is a decentralized platform that aims to provide "native yield" opportunities for various crypto assets like Bitcoin, Ethereum, and stablecoins. Native yield refers to generating returns directly from holding an asset, similar to how Ethereum holders can earn yield from staking. 

Solv sees the lack of native yield options for major assets like Bitcoin as a key barrier limiting the growth of their ecosystems. For example, the total value locked in Bitcoin DeFi is tiny compared to Ethereum's TVL relative to their market caps. 

To solve this, Solv employs trading strategies across multiple chains, protocols, and exchanges to generate competitive yields for assets like BTC, ETH, and stablecoins. It will launch yield-bearing tokens like SolvBTC, SolvETH, and SolvUSD that increase in value over time by accruing yields from Solv's strategies.

These yield tokens represent a user's share of Solv's overall low-risk strategy portfolio. By holding them, users maintain exposure to the underlying asset's price appreciation while also earning yields. Solv has an advisory council that selects and monitors the included strategies to ensure transparency, credibility, and optimal risk-adjusted returns.

You can use my link to farm for points

https://app.solv.finance/points/PZW67W

Solv Finance

Omnichain Liquidity and Yield