How SOLV Locked Products Work

Deposit Assets:

Users deposit their crypto assets #ETH #BNB #USDT into a SOLV Locked Product smart contract.

The assets are locked for a predetermined period, which can range from days to months or even years.

Mint Locked Position NFT:

Once the assets are locked, the protocol mints an NFT that represents the user's locked position.

This NFT contains details such as the amount of assets locked, the lock-up period, and the expected rewards.

Earn Rewards:

During the lock-up period, the locked assets generate rewards. These rewards can come from:

Staking rewards (if the assets are staked).

Interest from lending protocols.

Protocol-specific incentives (e.g., SOLV tokens or other rewards).

NFT Trading:

The NFT representing the locked position can be traded on secondary markets.

This allows users to sell their locked positions to others if they need liquidity before the lock-up period ends.

Unlock Assets:

At the end of the lock-up period, users can unlock their assets and claim their rewards.

The NFT is burned, and the assets (plus rewards) are returned to the user's wallet.