Binance has announced the launch of Solv Protocol (SOLV) as the third project in its Megadrop program. Solv Protocol is a platform that aims to integrate Bitcoin into the DeFi ecosystem, allowing investors to earn yields without giving up liquidity.
Users can participate in Megadrop by locking their BNB on Binance Simple Earn and completing Web3 tasks to earn SOLV tokens ahead of the official launch. The participation period began on January 7, 2025 and runs until January 17, 2025, when Binance will list SOLV for trading.
To maximize earnings, participants can complete Web3 tasks, such as staking BTCB on Solv Protocol, using the Binance Web3 Wallet. Completing these tasks increases a user’s score, resulting in a higher allocation of SOLV tokens.
Solv Protocol is backed by prominent investors including Binance Labs and OKX Ventures and seeks to unlock the potential of over $287,449,594,031 trillion in Bitcoin assets by offering staking solutions and liquid tokens to investors.
