Not so long ago, Binance launched a brand-new product in BTC staking developed in collaboration with Solv Protocol, which enables anyone to earn passive income on their Bitcoin without dealing with bridges, gas fees, and complicated wallets.
What Is Solv Protocol?
Solv Protocol is a Bitcoin-centric staking primitives project that allows peeking into the void between traditional finance and decentralized finance (DeFi). Solv allows users to participate in DeFi without losing the value of their Bitcoin by creating BTC into SolvBTC; a 1:1 BTC-pegged token. Such breakthrough is made possible through the Staking Abstraction Layer (SAL) being developed by Solv that simplifies staking Bitcoin and unifies it across different blockchain networks.
The significance of this Partnership
Binance has collaborated with an external fund manager, Solv Protocol to present BTC yield strategies on Binance, this is the first timeBinance has ever partnered to yield strategies on the platform. This is the first collaboration in the CeFi space, where platforms tend to be exceptionally protective of yield infrastructure due to the regulatory implication. Solv has placed its trust in Binance, and the institutional-grade security., compliance, and clear operations have provided a gateway to an era of compliant, on-chain BTC yield products.
The Key Points of Solv BTC Staking on Binance Earn
Yield up to 2.5% APR in $SOLV: Rewards are compounded, daily paid out, and at maturity.
No Gas Costs or Bridges: Stake on Binance Earn without the need of external wallets and complex settings.
Shariah-Compliant: The first Shariah-compliant BTC yield product, certified by Amanie Advisors.
Institutional-Grade Security: backed by the Proof of Reserves and Staking Abstraction Layer by Solv.
First-Come, First-Served: APRs and time and duration limits.
How to Begin Earning BTC Yield
1. Open the Binance App or Binance Website and go to Earn.
2. Click on the "Advanced Earn" and choose On-Chain Yields.
3. Copy-paste or type in the address bar "Solv Protocol BTC Staking" and press enter to load the page with the availabe products.
4. Choose your subscription price and time.
5. You want to earn? Then confirm and stake.
All the rewards accumulated will be lost through early redemption.
Terms and Conditions
Subscription Caps: Subscription will be done on first come first serve basis. Minimum and maximum subscription limits exists.
APR Variability: The APR may vary based on subscription period and the market conditions.
Reward Distribution: The rewards shall be sold in the $SOLV tokens and shall have product terms.
Compliance: Product complies with the Binance standard terms of Advanced Earn products.
BTC fuels BTCFi on its way
Solv Protocol is the pioneer of Bitcoin financialization (BTCFi), aimed to open the conformity of the over $1 trillion of Bitcoin assets by enabling compliant, liquid, and yield-bearing substitute assets. Solv is also making DeFi more accessible to both institutions and retail by projects like the recent SolvBTC and the Staking Abstraction Layer.
SolvBTC.CORE is the first Shariah-compliant BTC yield product.
Solv Protocol, as a historical project, released SolvBTC.CORE, the first BTC yield product in the world that is Shariah-compliant. Amanie Advisors certify this product, and it enables users and institutions in the Middle East to gain compliant BTC yield on the first time ever with more than $5 trillion of Islamic finance capital accessible to the product.
The Stake Your Case Now
Passive Income: Get interests on your BTC without the need to sell.
Be Shariah compliant: Obtain Shariah-compliant investment.
Simplicity of Investments: No external wallets or involving set ups.
Asset Security: Get the institutional level of security and transparency.
Do not miss this opportunity to receive passive income on your BTC. To stake with Solv Protocol, go to Binance Earn by clicking here!
Disclaimer: The article below is educational and does not consist of financial advice. Participants will be requests to carefully read the full terms and conditions on Binance Earn.