Binance is redefining BTCFi. Users can make their first direct staking of BTC on Binance Earn and earn up to 2.5% APY with no need of additional wallets, bridges, and gas fees. All this is done through Solv Protocol and is currently available as the sole BTC strategy fund manager on Binance.
Why Solv Protocol?
This move is rare in CeFi. The custody and compliance controls associated with the yield infrastructure of an exchange are often guarded carefully. However, Binance did not exclude Solv and made its platform available to it which is indicative of high trust.
The two-layered platform structure of $SOLV means that the custody and the DeFi execution have their own separation and follow the traditional best practices of asset management. It underwent the due diligence by Binance, such as Chainlink Proof of Reserves and institutional-level risk structure.
How to Earn BTC Yields on Binance
Upon going to Earn > Advanced Earn > On-Chain Yields, choose BTC, and subscribe.
You will receive the rewards in #SOLV token with 1.4-2.5 percentage annual rates of returns based on the tranche. Rewards accrue daily and are distributed at maturity. Early redemptions cancel rewards.
Institutional-Ready BTCFi
The purpose expected by Solv is to introduce 1 percent of BTC supply to the chain with the potential of providing the first product of Shariah-compliant Bitcoin yield, certified by the Amanie Advisors.
Put your Bitcoin to work—securely, transparently, and on Binance.
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