According to the DeFiLlama rankings, Solv Protocol, a unified yield and liquidity layer for prominent digital assets, has crossed $1 billion in Total Value Locked (TVL), solidifying its standing as the 32nd biggest decentralized finance (DeFi) protocol.
Ryan, founder of Solv Protocol stated:
“Reaching this significant milestone is a testament to the strong demand for Solv’s suite of products and the growing adoption of our flagship SolvBTC offering. As the largest protocol in the BTCFi space by TVL, we are excited to continue driving innovation and unlocking new opportunities for Bitcoin holders and DeFi participants alike.”
In order to provide Bitcoin investors a reliable source of superior profits, SolvBTC is a liquid yield token that tokenizes the best CeFi and DeFi yields available. SolvBTC is also able to increase liquidity in developing BTCFi ecosystems across Layer 1 and Layer 2 networks because of the protocol’s multi-chain integration.
Solv has introduced SolvBTC on Merlin Chain, BNB Chain, and Arbitrum. By creating an ecosystem, the protocol will enable users to bridge SolvBTC to farm points in upcoming chains’ point programs, such as zkLinkNova’s Aggregation Parade, which offers a 1.5x multiplier. In order to reward participation, Solv additionally introduced the Solv Point System, where users may trade points for airdrops of SOLV tokens.
Strong backers of Solv Protocol include Binance Labs, Blockchain Capital, Laser Digital, and other well-known companies. In-depth security evaluations of the protocol have also been conducted by reputable companies like Secbit, Certik, SlowMist, Salus, and Quanstamp.
Please visit solv.finance, the official website of Solv Protocol, for further information about the protocol and its products.
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For media inquiries, please contact:
Name: Ethean Yu
Email: ethean@solv.finance
