In the entire crypto market, Bitcoin is like an expensive 'digital gold brick'; it is secure and rare, but it can only 'lie flat' in a wallet and cannot generate earnings. In the burgeoning Web3 world, when various assets are 'making money' through staking and lending in decentralized finance (DeFi),@Solv Protocol the emergence of this is to make your Bitcoin 'move' as well, becoming a 'living asset' that can generate income.
Core Mechanism: Give Bitcoin a 'duplicate'
Bitcoin is based on a 'Proof of Work' (PoW) mechanism, and it cannot directly participate in the 'Proof of Stake' (PoS) staking commonly used in DeFi. Solv's solution is to give you a 'duplicate' that can freely circulate in the DeFi world—SolvBTC. When you deposit Bitcoin into the Solv protocol, it will issue you an equivalent amount of SolvBTC pegged 1:1 in value. This 'duplicate' is a 'liquid staking token' (LST), which represents your original Bitcoin ownership while also providing the flexibility to participate in various activities in the DeFi world.
'Behind the Scenes Brain': Staking Abstraction Layer (SAL)
To make all of this simple, the Solv Protocol has designed a 'Behind the Scenes Brain'—the Staking Abstraction Layer (SAL). It acts like a smart 'guide', abstracting all the complex cross-chain operations, yield strategies, and other technical details. You just need to deposit Bitcoin, and it will automatically help you find the best yield path, such as lending, providing liquidity, or even investing in over 40 diversified strategies.
Security Assurance: Public and transparent 'vault'
The foundation of all these operations is a huge, public, and transparent 'on-chain Bitcoin reserve'. This 'vault' ensures that all issued SolvBTC is supported by an equal amount of Bitcoin at a 1:1 ratio. You can check at any time whether this reserve is secure, providing the foundation of trust for the entire protocol and attracting more participants, including institutions.
How to make your Bitcoin generate income?
The entire process is very simple:
Deposit Bitcoin: Deposit BTC into the Solv protocol.
Receive SolvBTC: The protocol automatically issues you an equivalent amount of SolvBTC $SOLV
Participate in Earnings: You can now use SolvBTC to participate in DeFi activities, such as borrowing with it or depositing it into Solv's Bitcoin fund to enjoy diversified earnings.
Through this method, Solv Protocol transforms Bitcoin from a passive 'store of value' tool into a 'productive capital' that actively creates value.
It connects Bitcoin with DeFi, centralized finance (CeFi), and even traditional finance, unlocking new possibilities for Bitcoin holders.
