Solv Protocol is a decentralized finance (DeFi) platform designed to integrate Bitcoin into the DeFi ecosystem, enabling Bitcoin holders to unlock yield opportunities without sacrificing liquidity. At its core, Solv Protocol offers SolvBTC, a Bitcoin reserve token backed 1:1 by BTC, allowing seamless participation in DeFi activities across multiple blockchains. The protocol also introduces Liquid Staking Tokens (LSTs), enabling users to stake their SolvBTC and earn rewards while maintaining liquidity.
The native utility token, SOLV, facilitates governance, staking, and fee discounts within the ecosystem. Token holders can vote on protocol upgrades, stake SOLV to earn rewards, and use the token to pay for transaction fees, receiving discounts as an incentive. With over 19,000 BTC staked and a total value locked exceeding $2.53 billion, Solv Protocol is rapidly establishing itself as a liquidity layer for Bitcoin in the growing BTCFi ecosystem. market information for Solv Protocol (SOLV)
Solv Protocol is a crypto in the CRYPTO market.
The price is 0.04250534 USD currently with a change of -0.00 USD (-0.07%) from the previous close.
The intraday high is 0.04691836 USD and the intraday low is 0.04224109 USD.