Let's make it clear:
In the past few years, BTC has just 'sleept' in most people's wallets. ETFs have taken holding to the extreme, but returns? Just a bit of 'comfort'. What I need is a one-click, verifiable, and explainable return pathway—no gimmicks. That's why I focused on Solv's BTC+.
Why am I paying attention to BTC+
Launched on August 1, providing BTC users with a 5%–6% basic return, with a one-click deposit operation, achieving an institutional-level experience but open to everyone.
You can choose the lock-up time and use the Reward Power (time-weighted) mechanism to share the $100,000 SOLV reward pool— the longer you lock, the higher the reward weight.
The core isn't 'high APY', but rather an engineered combination of yield sources: on-chain credit, liquidity provision, basis/cost rate arbitrage, protocol incentives, plus the RWA real-world yields from BlackRock BUIDL and Hamilton Lane SCOPE.
Solv was selected as the exclusive Bitcoin asset yield manager by Binance Earn. Being awarded this title indicates it has passed the most rigorous due diligence in compliance, custody, safety, and yield structure.
The BNB Chain Foundation purchased $25,000 of SOLV as part of a $100 million incentive program, providing a significant emotional endorsement.
The most comfortable point: I can deposit BTC+ directly into the official dApp using native BTC, without cross-chain or wrapping, reducing technical debt from intermediaries.
The design goal is to be born for scale: modular, auditable, combinable, linking CeFi (Binance), DeFi (multi-chain vaults), and TradFi (BlackRock, Hamilton Lane) into a 'yield backbone', allowing retail, institutions, and even sovereign funds to share the same pipeline for the first time.
What pain points does BTC+ solve?
Sleeping capital
Over $1T of BTC has long been idle: no native staking, low participation in DeFi. The goal of BTC+ is straightforward: to upgrade 'holding' into 'income-generating asset management'.
Operational resistance
In the past, if you wanted BTC returns, you had to either 'semi-custody' at CEX to engage in activities or go to DeFi to piece together strategies. Cross-chain, collateral, and rebalancing easily deter people. BTC+ has created a single entry point and unified settlement.
Institutional threshold
Institutions want compliance and auditability, not just 'annualized returns':
The dual-layer vault separates custody from execution, aligning with the traditional asset management 'front, middle, and back office' logic;
Implemented Chainlink PoR reserve proof, transparent and verifiable;
Launched a Shariah-compliant BTC yield product, certified by Amanie Advisors, effectively opening an entry point to the $5T Middle Eastern/Islamic capital.
How does it work? It's simple, in my words
I deposit BTC, and the system gives me a BTC+ receipt token, recording my position and share of returns;
Funds are automatically allocated to a basket of strategies (credit, LP, arbitrage, RWA, etc.) and dynamically adjusted with market cycles;
Returns accumulate automatically; I can unlock or redeem at any time during periodic windows (if I choose to lock up, the weight rewards are higher);
Fully on-chain verifiable, with NAV protection/permission control/PoR audit and other risk control in the background.
In a nutshell: Hide the complex strategies and risk controls 'in the background', while laying out what I need to see: 'shares, assets, proofs' in the foreground.
Why might this wave be more than just 'another vault'?
Binance's custodial endorsement: Connecting on-chain returns to Binance Earn means a familiar entry point for CEX + transparency on-chain, making this combination particularly friendly to incremental funds.
The hard path for RWA: BUIDL and SCOPE bring real-world cash flows, reducing 'internal friction' in the yield structure, while adding 'external sources'.
Engineering for scale: Modular, auditable, combinable means it’s not about 'a single pool competing for annualized returns', but making BTC returns into infrastructure.
Data momentum: The Solv ecosystem has accumulated 1.1 million users and $2.5B in TVL. Size is essential for strategy hedging and bargaining power.
How will I use it? (For you, who are also 'cautiously optimistic')
Stable Position (Base)
The goal is to 'not let BTC lie flat'. The base position places BTC+, aiming for 5–6% basic returns and verifiable transparency.
Not aiming for full positions: I typically keep **30%–50% total positions** as 'income-generating base', reserving the rest for flexibility.
Aggressive Position (Strategy Enhancement)
Use lock-up + Reward Power to strive for weight in the SOLV reward pool;
Combine market volatility periods, letting the strategy layer capture 'structural meat' like basis and funding rates;
Remember three disciplines: single strategy limits, maximum drawdown red lines, and reducing leverage in extreme market conditions—write it down, don't just keep it in your head.
Track three things
Have reserves and PoR reports changed;
Have permissions/governance changed;
Is the scope of Binance's integration with RWA channels expanding?
These three points determine whether the 'returns are sustainable', which is much more useful than focusing on two decimal places of APY.
I also won't avoid risk
1. External dependency risk: The portfolio includes RWA and CEX channels, with off-chain/compliance aspects still being key assumptions;
2. Strategy execution risk: Multi-strategy essentially means 'engineering risk control for returns', extreme market conditions test hard rules like permissions, limits, delays, and multi-signature;
3. Liquidity and unlocking: Weight for locking is fine, but cash flow needs to be planned in advance; don't expect to 'enter and exit in seconds' at all times.
Summary of personal suggestions from Chenguang
The value of BTC+: It's not about 'more exciting annualized returns', but about making BTC returns a verifiable, scalable infrastructure;
Why do I use it: One-click deposit of native BTC, diverse sources of returns, transparent audits, and a seamless connection between CeFi, DeFi, and TradFi;
How I use it: The base earns 5–6% stable interest, while the aggressive position competes for Reward Power with strict risk control;
What I value: Binance's custodial access, RWA cash flow, incremental from Shariah certification in the Middle East, and ongoing PoR/governance disclosures.
Calmly wrap up:
Making slow money is harder than pretending to make it fast.
BTC+ has made 'holding' an engineered, reviewable return habit for the first time. The rest depends on whether you apply discipline to your positions.
