Recent hot topics, do you still not know?
Recently researching BTC yield products, I found that Solv's progress is a bit beyond expectations. They are not just working on a wealth management project but are systematically advancing the 'financialization' of Bitcoin.
Here’s a summary of their recent key actions, and the logic is quite clear:
🔍 Six points worth noting:
1. Collaborated with Binance to launch on-chain BTC yield products
Solv is the first strategy manager for Binance On-Chain Yield, with an annualized return of up to 3.9%. On-chain execution and high transparency; the core is to build institutional-level BTC yield infrastructure.
2. Launched the world's first Sharia-compliant BTC yield product
Through Amanie Advisors' Sharia certification, they have complied to enter the Middle Eastern market. This action may be more significant than imagined, targeting tens of trillions of dollars from Middle Eastern sovereign funds and Islamic finance.
3. Linked with Solana to release BTC on-chain liquidity
Solv has become the first BTC yield provider on Solana. The monthly transaction volume of BTC on Solana has risen to 3 billion USD, and their goal is to bring 1% of global BTC onto the chain for earning interest.
4. First combination of RWA + BTC yield
Collaborated with AVAX and Elixir to integrate the fund yields of BlackRock and Hamilton Lane into BTC products. This is the first time traditional asset yields have been 'fed' to BTC holders.
5. On-chain version of MicroStrategy reserve fund
They are initiating a 100 million USD on-chain BTC reserve project, holding BTC's long-term value while also participating in on-chain to earn additional returns.
6. Summarizing the thoughts
What Solv wants to do is transform BTC from a 'storage asset that only appreciates' to a 'yield-generating financial asset.' This path had not been successfully traversed before; they are now piecing together these puzzles.
Personal feeling: Infrastructure projects like this may not be very lively in the short term, but they may be the core puzzle that truly reconstructs the usage of BTC. If BTC is to become a global reserve asset, its yield structure will definitely be redesigned, and Solv may have already taken the lead.
If interested, you can follow their official website or Twitter (@SolvProtocol), as their actions have been very fast-paced recently.