Solv Protocol is a leading Bitcoin staking platform designed to unlock the full potential of over $1 trillion in Bitcoin assets. It operates through its innovative Staking Abstraction Layer (SAL), which enables Bitcoin holders to access diverse yield opportunities across multiple blockchains and ecosystems while maintaining liquidity through SolvBTC.
The core of @Solv Protocol technology is its Staking Abstraction Layer (SAL) and SolvBTC. SAL is a modular system that simplifies Bitcoin staking and the process of earning incentives, allowing BTC holders to access various DeFi strategies while holding a liquid version of their Bitcoin, known as SolvBTC. SolvBTC Liquid Staking Tokens (LSTs) are a liquid representation of Bitcoin issued when users stake BTC through Solv Protocol. These LSTs are 1:1 backed by Bitcoin, are tradable, and possess cross-chain compatibility, thereby enabling yield opportunities across various platforms.
$SOLV Protocol has made significant strides in developing new products and expanding its institutional focus. On April 29, 2025, Solv unveiled its first Shariah-Compliant Product, which allows BTC holders to earn yields while adhering to Islamic finance principles, thereby expanding opportunities for investors in the Middle East. This represents a notable move towards broader institutional and regional adoption. The platform also raised $10 million for its Bitcoin Reserve Offering on May 13, 2025, with the aim of providing an "on-chain MicroStrategy" model, referencing a software company known for its significant Bitcoin holdings. This initiative indicates a strategic effort to attract corporate treasuries and institutional Bitcoin holders. Furthermore, on May 16, 2025, it was announced that Solv, alongside Avalanche and Elixir, is backed by $4 billion of institutional assets, with yields launched from BlackRock BUIDL and Hamilton Lane SCOPE. This highlights strong institutional confidence and integration with traditional asset managers. Solv also offers DeFi Vaults, which are specialized financial products providing additional yields through delta-neutral strategies (e.g., GMX, Ethena, Jupiter), effectively transforming Bitcoin into an active, productive asset. Bitcoin Reserve Offerings connect Bitcoin holders with networks requiring BTC's economic security, enabling restaking yields on platforms like Babylon, EigenLayer, and Symbiotic.
In terms of funding and security, Solv Protocol successfully raised $11 million in a strategic funding round on October 14, 2024, bringing its total funding to $25 million. The project is backed by prominent investors such as Binance Labs, Blockchain Capital, and Laser Digital. Furthermore, Solv Protocol has undergone extensive security audits by leading firms, including Quantstamp, Certik, SlowMist, Salus, and Secbit, ensuring high standards of safety. The SOLV token allows holders to participate in governance decisions, earn protocol emissions by staking on SAL, and receive fee discounts. Solv is also listed as a partner with BOB (Build on Bitcoin), a hybrid chain aiming to be the gateway to Bitcoin DeFi.