In fact, Solv was a controversial topic quite some time ago. Even before its launch, it was trending on Twitter due to an incident, and it has been widely discussed since its launch. Many people may not know what it is, so let me introduce it to everyone.
Solv Protocol is an on-chain DEFI ecosystem that supports Bitcoin staking, along with innovative financial NFTs and features that allow users to create digital bonds.
I actually think Solv Protocol is a brand new DEFI solution. In addition to amplifying the liquidity and usability of Bitcoin, it also promotes on-chain liquidity to some extent. The financial NFTs represent investment shares, bonds, or other financial instruments through vNFTs, enhancing the liquidity and trading flexibility of assets. The financial tools provided include user-created digital bonds and token locking tools, greatly facilitating on-chain liquidity and financial development.
Regarding financing situation
As of October 14, 2024, Solv Protocol has completed four rounds of financing, including investments from Binance Labs, Laser Digital, and OKX Ventures, raising a total of $24 million.
Regarding TVL situation
By the end of 2024, the TVL of Solv Protocol reached $3 billion.
Recently, the official Twitter account of Solv Protocol was hacked. After a brief period of chaos, the team quickly regained control. The co-founder stated that they would take responsibility for all affected users, which is rare in past incidents of hacked official accounts and may reflect the team’s accountability and commitment to users.
Especially recently
1/ Solv has successfully become the first Bitcoin yield strategy manager for Binance On-Chain Yield, offering up to 3.9% annualized yield.
2/ Solv's launched SolvBTC.Core has officially passed the Sharia compliance certification by Amanie Advisors, a leading global Islamic financial advisory firm, becoming the world's first Sharia-compliant Bitcoin yield product.
3/ Solv has formed a strategic partnership with Solana, releasing $3 billion in Bitcoin liquidity. Solv becomes the first institutional-grade BTC yield product provider on Solana and innovatively launches interest-bearing BTC vaults, aiming to bring 1% of the global BTC on-chain.
4/ Solv has partnered with the AVAX Foundation and Elixir to integrate the revenue streams of the BlackRock BUIDL Fund and Hamilton Lane SCOPE Fund into the BTC yield strategy.
#BTC赛道龙头Solv进军RWA
