Some time ago, Binance officially announced the third phase of the Megadrop project was Solv, and those looking to profit were in a frenzy, as Solv is a must-participate project in the BTC ecosystem. Most group members have participated in staking and also took part in Binance Wallet activities. Next, we will see if the airdrop is valuable.
Compared to how much airdrop one can receive, I am actually more concerned about whether Solv can bring a glimmer of hope to the long-dormant BTC ecosystem, as I have participated in nearly all BTC ecosystem projects that have raised funds but have not yet issued tokens, and the small cards are quite pitiful.
As it stands, Solv is still quite popular, of course, there are well-known reasons for this, which I won't elaborate on. Anyway, I hope Solv can stand tall after TGE and pave the way for other projects like Babylon, Bitlayer, and B2.
Next, let's talk specifically about the Solv project. To be honest, I pay attention to Solv mainly because of Meng Yan @myanTokenGeek, even though the teacher still doesn't know who I am, nor does he know that I have interviewed him multiple times.
A few days ago, due to certain events, the teacher was pushed to the forefront. Many netizens who did not understand the truth joined the scolding war. I have no interest in wading into this murky water, just objectively describing my view of Teacher Meng Yan, no offense intended.
That was a few years ago when I had just entered the crypto space. Due to work reasons, I interviewed the teacher multiple times. To be honest, when I first saw the teacher, I was a bit intimidated. First, the teacher resembled a gangster boss (no offense intended), and second, the teacher is a well-known expert and a guest at various conferences, so the pressure of the interview was quite large.
It turns out that my previous worries were unnecessary. The teacher is cultured and elegant, without any pretentiousness, and would not treat you differently just because you are new to the field or represent a certain media outlet. Moreover, the teacher is quick-witted and logical, making him an ideal interview subject, and the subsequent articles could be written without much editing.
Later, there was an occasion when my former employer needed to shoot a promotional video and asked for a celebrity to record it. I sent a WeChat message to the teacher with a try-it-out mentality, and unexpectedly got a quick reply. A few days later, I smoothly received the video the teacher sent, which was truly touching.
It is precisely because of the aforementioned past events that I take Meng Yan's participation in Solv seriously. I have participated in almost all activities, hoping to receive a nice year-end bonus.
As for what Solv does and its highlights, I believe everyone has already learned through various tweets and reports. This post will not repeat what has been said but will share a few points that I am optimistic about:
① Eye-catching investors
Solv has publicly disclosed a funding amount of 22 million USD. Aside from the well-known Binance Labs, I particularly admire Blockchain Capital.
This institution is low-key but has invested in a bunch of star projects, such as Coinbase, Zksync, Uniswap, Aave, Celestia, Eigenlayer, etc. Another impressive project they invested in the BTC track is STX.
② Bridging the BTC and DeFi worlds
Since 2021, I have been optimistic about the BTC + DeFi track. I have previously participated in projects like Flathead Brother, but this track ultimately did not explode.
As far as I know, many large BTC holders rarely operate on-chain, partly due to security concerns and partly because complex operations deter them.
To address these two major pain points, Solv tackles them one by one. First, it uses the secure system Solv Guardian to ensure the safety of staking transactions, collaborating with protocol developers to establish strict safety standards and risk control systems; second, it launches the BTC-pegged SolvBTC and reduces the threshold for BTC holders to enter DeFi through 'staking abstraction layer' technology.
In simple terms, Solv provides corresponding solutions to the barriers that previously hindered BTC holders from entering DeFi, contributing to the BTC on-chain ecosystem.
③ Reliable partners
Solv not only collaborates with BTC ecosystem projects but also with mainstream DeFi platforms like Uniswap and Aave, and forms a complementary ecosystem with several decentralized insurance and on-chain lending protocols, further expanding the application scenarios of SolvBTC.
I have always believed that to measure a project's quality, just look at its partners. From this perspective, Solv's team's ability to select partners is impressive.
Finally, I remind everyone that the Binance Megadrop third phase $SOLV airdrop event must be participated in, with single amounts of dozens of US dollars being quite feasible. The tasks are simple, all done through the BSC network, and can be completed in one minute, with negligible wear and tear.
① Lock-up ≥ 0.05 BNB, choose your own lock-up amount and duration
② Deposit at least 0.0001 BTCB (BTC on BSC) into Solv
Operation steps:
① Prepare BNB and BTCB in advance: BNB can be transferred from exchanges, and BTCB can be directly purchased via the wallet through the BSC network.
② Open the Binance wallet, find the Megadrop-Solv airdrop event + click to enter the task page
③ Lock up at least 0.05 BNB, choose the duration yourself, as both the staking amount and duration will affect points. The more points, the more airdrop you will ultimately receive.
④ Complete Web3 tasks, deposit at least 0.0001 BTCB into the Solv protocol through the BSC network, and remember to return to the task page to complete verification after depositing.