What is Solv Protocol (SOLV)?
Solv Protocol is an integrated financial protocol that transforms Bitcoin from a raw asset into a productive asset within the world of decentralized finance (DeFi), centralized finance (CeFi), and traditional systems (TradFi). Through mechanisms such as the issuance of Bitcoin-pegged tokens (SolvBTC and SolvBTC.LSTs) and a regulated staking abstraction layer, it enables Bitcoin holders to earn yield and liquidity without selling underlying funds.
1. Enabling Bitcoin to Become Active and Productive
Solv transforms Bitcoin from a raw asset that can only be stored into an asset that can be used in DeFi, CeFi, and TradeFi ecosystems to generate returns. This is due to tokens like SolvBTC, which enable users to leverage Bitcoin without giving up its original ownership.
2. Flexible Liquidity and Staking (SAL)
Through the Staking Abstraction Layer (SAL), the protocol allows users to secure Bitcoin across multiple solutions, such as SolvBTC and SolvBTC.LSTs, providing greater liquidity and control over investment.
3. A Rich and Balanced Token Economy
The $SOLV token is used for governance, staking, and for protocol rewards, and for fee reductions, especially when swapping SolvBTC.
4. Strong Funding Background and Extensive Presence
The project has received over $24 million in crowdfunding across multiple investment rounds led bdy Binance Labs, Blockchain Capital, and others. It has also surpassed $1 billion in TVL, making it one of the most prominent DeFi protocols in this space.
5. Incentive Points System and Advanced Returns
The Solv Points System rewards users for engaging with the system (such as staking and holding SolvBTC). Points can be converted to $SOLV tokens via airdrops on occasion.