Bitcoin leader Solv is making big moves, allowing Bitcoin not only to rise but also to earn interest, attracting both Middle Eastern tycoons and Wall Street!
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.
