Solv Protocol recently achieved a remarkable milestone, surpassing 25,000 BTC in deposits, making it the largest decentralized Bitcoin reserve.
With over $2.2 billion in total value locked (TVL) and a user base of 500,000, Solv offers investors unique opportunities to earn a BTC-based APY, alongside additional yields and airdrops from multiple blockchains.
The Bull Thesis for SOLV Plays:
By continuously developing BTC LST products and DeFi strategies around high-yielding primitives, Solv is positioned to capitalize on the hottest narratives in the space. #BTC #DeFi
☑️ 2.2 Billion in TVL
☑️ 25,000+ Bitcoin Staked
☑️ 500,000 Users… pic.twitter.com/zQOL9c7PjE— Ethean (@Ethean_yu) November 11, 2024
For investors bullish on Bitcoin, Solv provides a comprehensive BTC yield strategy. By minting SolvBTC with BTCB, cbBTC, Mainnet BTC, tBTC, or FBTC, users can access a universal Bitcoin reserve that is easily transferable across chains such as Ethereum, BNB Chain, and Avalanche, thanks to integration with Chainlink CCIP and Free.tech.
The core of Solv’s offering is its high-yield BTC Liquid Staking Tokens (LSTs) available through four main products:
– SolvBTC.BBN (Babylon): Rewards up to 12xp Solv Points, plus Babylon points.
– SolvBTC.Core: Offers 14xp Solv Points with Core airdrop benefits.
– SolvBTC.JUP (Jupiter): Provides 12xp Solv Points and an attractive 17% APY.
– SolvBTC.ENA (Ethena): Grants 10xp Solv Points and a multiplier on Ethena points.
These products allow BTC holders to maximize their returns through compounded rewards and airdrops. Beyond individual staking, Solv’s DeFi game invites users to amplify their BTC yields with a reward multiplier of up to 1989x Solv Points, along with APYs as high as 30%. For those optimistic about an incoming bull market, Solv provides the chance to boost yield further with long positions on various points and airdrop rewards via Pendle.fi.
🍊 @SolvProtocol has recently achieved a major milestone by amassing over 25,000 $BTC in deposits, making Solv the largest decentralized Bitcoin reserve.
Additionally, Solv allows you to capitalize on the full benefits of #Bitcoin while earning a BTC-based APY, along with extra… https://t.co/kC8MQLDxSz
— Bitcoin Ecosystem (@BitcoinEcoTK) November 11, 2024
With over 50 partners in its ecosystem, Solv allows users to customize their strategies for enhanced returns. This protocol gives investors the ability to fully capitalize on BTC’s value growth while benefiting from a robust and diverse DeFi platform.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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