Deconstructing SolvBTC: A Deep Dive into the Bitcoin Yield Asset Architecture Based on Market Neutral Strategies
In the realm of crypto assets, the concept of 'yielding Bitcoin' is not new, but past solutions have often fallen into a dilemma: either relying on centralized custody and opaque CeFi lending, sacrificing decentralization and asset sovereignty; or using unsustainable token inflation models like liquidity mining, raising doubts about the long-term viability of returns. The emergence of Solv Protocol and its core product SolvBTC marks a more mature and sustainable paradigm, fundamentally based on verifiable on-chain strategies, rigorous risk management, and highly composable asset design.