Recently, I noticed a project @Solv Protocol , and I heard they are the leader in the BTC space! What excites me even more is that they have recently ventured into the #RWA (real-world assets) field, launching a new product called SolvBTC.AVAX, which seems quite promising, so today I want to share my thoughts!
What is Solv Protocol?
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In simple terms, Solv Protocol is a platform dedicated to Bitcoin finance (BTCFi). They want to solve a problem: the market value of Bitcoin has exceeded $1.3 trillion, but 94% of Bitcoin is just lying there 'asleep', earning no returns. Solv stepped up to say: we need to get these Bitcoins moving to help holders earn some returns!
They provide a lot of services, such as staking, lending, and asset management. Bitcoin holders can earn returns in DeFi using Solv or participate in traditional finance (TradFi) opportunities, which feels quite versatile. Solv has also collaborated with several powerful projects, such as Ethena, Babylon Labs, and Chainlink, establishing a solid ecosystem.
Entering the RWA space, SolvBTC.AVAX is live!
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Recently, Solv did something big: they launched SolvBTC.AVAX, combining Bitcoin with RWA! I checked, RWA stands for real-world assets, such as real estate and bonds that can generate returns. In recent years, RWA has been particularly popular on the blockchain, with on-chain collateral exceeding $22 billion, and chains like Solana and Avalanche are pushing hard.
SolvBTC.AVAX is a product that allows Bitcoin holders to earn returns through RWA. They collaborate with big players like BlackRock and Hamilton Lane to bring real-world asset returns on-chain. For example, if you hold Bitcoin, you can earn the 'core returns' of these assets through SolvBTC.AVAX, which feels quite novel.
This product runs on the Avalanche chain, which is said to have low transaction costs and fast speeds, making it quite suitable for this Bitcoin finance scenario. The Avalanche ecosystem also provides a lot of incentives to encourage everyone to give it a try.
Why do I find this interesting?
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Bitcoin can finally 'work' now
I've always felt that with such a large market value, it would be a shame to just leave Bitcoin idle. Solv allows Bitcoin to earn returns through RWA, which feels like opening up new gameplay, and it's good news for us holders.
RWA is a big trend
Currently, RWA is particularly hot in DeFi, and Solv's move into RWA clearly captures the trend. They also cooperate with Avalanche and may integrate more chains in the future, leading to increasingly rich gameplay.
Institutions are starting to pay attention
Previously, Solv launched a $100 million Bitcoin reserve program (BRO) specifically for institutional investors. This time, SolvBTC.AVAX is also aimed at institutions, showing that they have significant ambitions to grow Bitcoin finance.
In conclusion
Overall, I think @SolvProtocol's move into RWA is quite promising. They've already done well in the BTC space and are now exploring RWA, which seems to hold great potential for the future. If you're also interested in Bitcoin finance or want to try RWA's gameplay, you can follow their official account @SolvProtocol or visit their official website for the latest news.
