$SOLV Agreement: Unlocking Bitcoin's Trillion-Dollar Potential with a New DeFi Engine
In the cryptocurrency space, Bitcoin has long faced a critical dilemma as 'digital gold': over a trillion dollars in assets remain idle for a long time, unable to effectively participate in the decentralized finance (DeFi) ecosystem to generate returns.
@Solv Protocol activates Bitcoin's financial potential through innovative technological architecture, driving its transition from a passive store of value to an active yield engine.
Core Technology: Staking Abstraction Layer and SolvBTC
Solv's core breakthrough lies in proposing a Staking Abstraction Layer (SAL), a cross-chain smart contract system that can unify and integrate Bitcoin liquidity scattered across multiple chains such as Ethereum, BNB Chain, and Merlin.
Users can deposit Bitcoin (native BTC or wrapped assets like WBTC) and mint SolvBTC on a 1:1 basis, serving as a universal credential for cross-chain DeFi operations. This process also generates Liquidity Staking Tokens (LSTs).
Users can hold income-generating LSTs to accumulate returns or use pegged LSTs for instant trading or participating in lending, achieving the dual goal of 'earning yields on staking without freezing assets.'
SOLV Token and Economic Ecosystem
The SOLV token, as the core of protocol governance and utility, grants holders three major rights:
Governance Voting Rights: Participate in key decisions such as platform upgrades and reserve management
Staking Yield Rights: Stake SOLV to receive protocol emissions
Rewards
Fee Reduction Rights: Lower costs for operations such as redeeming SolvBTC
Its economic model is rigorously designed, with a total supply of 9.66 billion tokens, where initial circulation accounts for only 15.35%, dynamically adjusting reserve assets in conjunction with the DAO governance mechanism.
Market Performance and Industry Impact
Solv has demonstrated strong appeal:
Total Value Locked (TVL) surpasses $2.4 billion, aggregating over 20,000 Bitcoin liquidity.
Secured $25 million in investments from institutions such as Binance Labs and OKX Ventures, and became the debut project of Binance Megadrop.
Through Proof of Reserve (PoR) and Chainlink oracles, it ensures asset transparency, laying a foundation of trust for institutional adoption.
