DeFi
A landmark achievement in the DeFi space
- SolvBTC, the core product of Solv Protocol, offers stable returns by bringing together the best returns from CeFi and DeFi.
- Solv Protocol operates SolvBTC on platforms such as Arbitrum, BNB Chain and improves liquidity across multiple networks.
On May 22, in New York, Solv Protocol said its total value locked (TVL) had exceeded $1 billion, ranking it the 32nd largest entity in the decentralized finance (DeFi) industry according to DeFiLlama’s rankings. .
Ryan, the founder of Solv Protocol, commented: “Achieving this level of TVL confirms the strong market demand for Solv product offerings and the growing usage of our core product, SolvBTC. The protocol has been recognized as the leading entity in the Bitcoin Finance (BTCFi) sector based on TVL, indicating its growing influence within the industry.
SolvBTC, the core product of Solv Protocol, is a liquid yield token that captures the highest yields in centralized finance (CeFi) and decentralized finance (DeFi), providing Bitcoin holders with a consistent source of yield. The product’s integration across multiple blockchain networks also serves to increase liquidity in the developing BTCFi ecosystems on Layer 1 and Layer 2 networks.
Solv Protocol has implemented SolvBTC on various blockchain platforms including Arbitrum, BNB Chain and Merlin Chain. Additionally, the protocol has created an ecosystem where users can convert SolvBTC to points under new on-chain points programs, such as receiving a 1.5x multiplier in zkLinkNova’s aggregation parade. Additionally, Solv introduced the Solv Points system, which allows users to exchange points for SOLV token airdrops, further promoting user engagement.
Backed by leading investors such as Binance Labs, Blockchain Capital and Laser Digital, Solv Protocol demonstrates strong financial support and credibility within the fintech sector. Additionally, it has successfully undergone extensive security assessments by reputable companies including Quanstamp, Certik, SlowMist, Salus and Secbit, highlighting its commitment to strict security protocols.
Solv Protocol continues to advance and expand its services in the DeFi space, demonstrating its commitment to improving the functionality and reach of digital assets through strategic integrations and user-centric services. For more information about Solv Protocol and its activities, individuals can access their official website at solv.finance.
For more information about Solv Protocol and its products, please visit the official website at solv.finance.
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For media inquiries, please contact:
Name: Ethean Yu
Email: ethean@solv.finance