What is the Solv Protocol (SOLV)?
The Solv protocol is an integrated financial protocol that transforms Bitcoin from a raw asset into a productive asset in the world of decentralized finance (DeFi), centralized finance (CeFi), and traditional systems (TradFi). Through mechanisms like issuing Bitcoin-linked tokens (SolvBTC and SolvBTC.LSTs) and an organized hedging abstraction layer, this protocol enables Bitcoin holders to achieve yield and liquidity without selling their underlying funds.
1. Enabling Bitcoin to become efficient and productive
Solv transforms Bitcoin from a raw asset that cannot be stored into an asset that can be used in decentralized finance (DeFi), centralized finance (CeFi), and traditional finance (TradFi) systems to generate returns. This is made possible by tokens like SolvBTC, which enable users to leverage Bitcoin without giving up their original ownership.
2. Liquidity and storage flexibility (SAL)
Through the Storage Abstraction Layer (SAL), the protocol allows users to secure Bitcoin through multiple solutions, such as SolvBTC and SolvBTC.LSTs, providing greater liquidity and control over their investments.
3. Rich and balanced token economy
The token $SOLV is used for governance and storage, for protocol rewards, and for fee reductions, especially when exchanging SolvBTC.
4. Strong financial background and wide presence
The project raised over $24 million in crowdfunding through multiple investment rounds led by Binance Labs, Blockchain Capital, and others. Its Total Value Locked (TVL) surpassed one billion dollars, making it one of the prominent decentralized finance (DeFi) protocols in the field.
5. System of Advanced Incentive and Returns Points
The Solv Points system rewards users for their interactions with the system (such as storing and holding SolvBTC). Points can sometimes be converted into tokens $SOLV through airdrops.