People always say Bitcoin will rise, it's digital gold, but there's a problem that hasn't been solved: with so much Bitcoin lying idle, apart from waiting for its price to rise, can it generate some money on its own?
Hey, @SolvProtocol has recently done this and it's making quite a stir! They are looking for ways to let Bitcoin earn 'interest', connecting it to real-world cash.
In simple terms, they have done a few key things:
1. Cling tightly to Binance's support, directly offering users 'Bitcoin interest'
Solv has partnered with Binance to create a Bitcoin wealth management product on the Binance platform, with an annualized return of about 3.9%. The money you place on Binance is used by Solv to implement some on-chain money-making strategies.
2. Secured a 'ticket' to the Middle East, opening a $5 trillion market
Middle Eastern tycoons have lots of money, but strict rules; investments must comply with their Islamic law, otherwise they won't touch it, even if they can make money. Solv's Bitcoin product SolvBTC.Core has received certification from Amanie Advisors, a top global Islamic finance compliance institution, becoming the world's first 'compliant' Bitcoin yield product, which opens up the super market of $5 trillion in the Middle East, a market that Bitcoin couldn't even enter before.
3. Let Bitcoin come to life on the Solana chain
Bitcoin-related transactions on the Solana chain are currently booming, with monthly trading volume rising from 100 million to 3 billion USD. Solv has made its way to Solana and created a standardized Bitcoin 'yield' product, supporting various Bitcoin tokens on Solana (like bSOL, BTCfi).
The significance of this approach is clear: it allows those Bitcoins lying idle in wallets to be easily taken out to earn returns, transforming 'dead assets' into something that can flow and generate money.
4. The most aggressive move is that Solv has connected to Wall Street
Solv made a big play: it collaborated with the AVAX Foundation and others, bringing in real money earnings managed by Wall Street bigwigs (such as U.S. Treasury bond returns, private credit returns) into its Bitcoin products! These funds together manage over 4 billion USD!
What's impressive about this move? For the first time, Bitcoin can genuinely earn cash flow interest from traditional, stable assets like U.S. Treasury bonds! Bitcoin is no longer just a speculative asset; it has become a money-generating asset, connected to real-world cash. How can that not be impressive?
5. Creating an 'on-chain version of MicroStrategy' treasury
Solv imitates the big company MicroStrategy, aiming to create an on-chain Bitcoin reserve pool, targeting to raise 100 million USD, allowing users to deposit Bitcoin, not only owning the Bitcoin itself but also being able to participate in various activities on-chain to earn additional profits, making it a win-win situation!
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Conclusion:
Simply put, Solv is not just talking big; it’s really getting to work! Solv is striving to make Bitcoin more useful and more 'valuable', not relying on speculation to convince everyone it will rise, but rather enabling it to genuinely generate profits. If Bitcoin truly becomes a part of the financial world in the future, the importance of Solv's 'yield-generating' approach for Bitcoin is self-evident.
