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The technical core and applications of Solv Protocol can be further explored from the following aspects:
• Bitcoin mainnet and EVMcompatible chain interaction technology: The Solv Protocol has built a complete Bitcoin staking ecosystem, enabling seamless interaction between the Bitcoin mainnet and EVM-compatible chains. By integrating staking protocols, LST issuers, validators, and yield distributors, it ensures transparency and security throughout the entire process from Bitcoin asset deposit to reward distribution, providing users with a more convenient and secure staking experience.
• On-chain bond market application: The Solv Protocol, based on the ERC-3525 semi-fungible token standard, provides the first on-chain bond market, connecting traditional finance with decentralized finance. This allows traditional illiquid assets such as bonds, corporate equity, asset-backed securities (ABS), and real estate to be split and traded on-chain, enhancing asset liquidity.
• Financial NFT application: The platform supports the creation of 'credential' type financial NFTs, allowing project parties to lock native tokens in the Solv Protocol smart contract to generate credential NFTs that represent token claims. Holders can claim tokens according to the rules and freely split, merge, trade, or transfer these credentials on the platform, bringing new models and efficiency improvements to digital asset transactions.
• Cross-ecosystem yield strategy application: The Staking Abstraction Layer (SAL) provides Bitcoin holders with a unified interface to earn yields across different blockchains. Users can access various yield strategies through SAL, participating in staking and earning yields while maintaining exposure to Bitcoin, such as liquidity mining and lending operations in DeFi projects on different public chains.
• Asset security assurance application: The Solv Protocol manages all transfers and interactions with DeFi protocols through the multi-signature mechanism SafeGuardian, safeguarding user assets. If a strategy involves centralized exchanges, it collaborates with on-chain custodians like Ceffu and Copper to ensure the safety of off-chain funds, providing multiple layers of protection for user assets.
• Decentralized Autonomous Organization (DAO) governance application: The Solv Protocol's asset selection is managed by SolvDAO, with oversight executed by an advisory committee to ensure decentralization. $SOLV token holders can participate in DAO governance through voting, deciding on important matters such as asset selection and influencing the direction of the protocol's development.