Solv Protocol has introduced SolvBTC.AVAX, a yield-bearing Bitcoin token on the Avalanche blockchain, providing institutional investors with exposure to yield opportunities backed by real-world assets. The token connects Bitcoin to assets like US Treasurys and private credit from BlackRock and Hamilton Lane. Developed through a partnership involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs, and LFJ, the token aims to link Bitcoin to uncorrelated assets like government bonds and private credit. Utilizing a multi-protocol strategy, the token generates yield through Elixir's deUSD stablecoin and Treasurys from BlackRock and Hamilton Lane. Solv Protocol, a Bitcoin-centric staking platform with over $2.3 billion in total value locked, offers yield strategies across blockchains and DeFi applications. The growing demand for Bitcoin yield solutions is evident with the recent launch of the Bitcoin Yield Fund by Coinbase, aiming to provide annual returns through a cash-and-carry strategy. Strategies like Michael Saylor's BTC Yield metric are also gaining traction in the market. Read more AI-generated news on: https://app.chaingpt.org/news

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