How to smartly utilize your idle $BTC balance on Binance 🌀
The @Solv Protocol has achieved a historic milestone as the first external fund manager for Bitcoin strategies on the Binance Earn platform - a rare move in the centralized finance sector, where trading platforms typically keep control of yields internally due to custody, compliance, and liquidity concerns. Binance's trust in Solv indicates a significant shift.
🔐 Easy Bitcoin storage via Binance
Go to 'Advanced Earn' → 'On-chain Yields' on Binance and choose Solv to store Bitcoin. No need for external wallets or bridges or gas fees. Earn up to 2.5% annual percentage yield, with rewards that are accrued daily and delivered at maturity. Withdrawing early? You keep your Bitcoin but lose the rewards.
💡 Why Solv?
Institutional Design: The dual-layer custody and execution system ensures compliance and capital efficiency.
On-chain transparency: Bitcoin can be verified through proof of reserves from Chainlink.
Additional Yield: Earn $SOLV tokens along with Bitcoin yields, based on your tier.
🚀 A major milestone in Centralized Finance (CeFi) and Decentralized Finance (DeFi)
This is more than just a yield - Binance's move sets a new precedent, opening the door for reliable infrastructure for Centralized Finance (CeFi) without compromising security.
✅ How to Get Started
1. Log in to Binance
Click Here To Stake
2. Go to 'Advanced Earn' > 'On-chain Yields'
3. Choose 'Solv BTC Staking'
4. Subscribe and earn Bitcoin yield + $SOLV
What is the $SOLV Protocol?
Solv launched in 2020, offering tokenized Bitcoin products like SolvBTC, liquid staking tools, and automatic yield infrastructure. Backed by Binance Labs and audited by leading firms, Solv manages total assets exceeding a billion dollars and aims to provide 1% of the Bitcoin supply on-chain - securely and transparently.