Solv Protocol. @Solv Protocol Through innovative mechanisms, Bitcoin has been freed from the 'lying flat' state, becoming a living asset that can circulate freely and generate income in the DeFi world. Bitcoin itself is based on Proof of Work (PoW) and cannot directly participate in the mainstream staking system based on Proof of Stake (PoS). Solv provides a solution: when users deposit Bitcoin into the Solv protocol, the protocol issues a liquid staking token—SolvBTC—that is pegged 1:1 to Bitcoin. This token not only represents the Bitcoin assets held by users but also offers the flexibility to participate in various activities such as lending, staking, and providing liquidity within the DeFi ecosystem, truly enabling the active use of Bitcoin.
To simplify user operations, Solv introduces a Staking Abstraction Layer (SAL), an intelligent layer that automatically manages complex cross-chain interactions and yield strategies, ensuring that users' Bitcoin assets can be efficiently allocated to lending, liquidity pools, and over 40 investment strategies to maximize returns. Meanwhile, the Solv Protocol has established a transparent on-chain vault, ensuring that all SolvBTC are backed by an equivalent amount of Bitcoin, allowing users to check the security of their funds at any time, enhancing the trust foundation of the entire platform.
The usage process is simple: users just need to deposit Bitcoin into Solv to automatically receive SolvBTC tokens, which they can then use to participate in various DeFi activities and earn returns. The Solv Protocol bridges the gap between Bitcoin and DeFi, centralized finance, and even traditional finance, transforming Bitcoin from merely a store of value into productive capital that can generate wealth. This innovation brings Bitcoin holders a brand new channel for asset appreciation and financial experience.