Bitcoin staking platform Solv Protocol announced the public launch of its BTC-based Liquid Staking Token (LST), SolvBTC.JUP. This initiative allows Bitcoin holders to earn BTC-denominated yields by leveraging yield-generating opportunities available on the Solana blockchain.
The integration of Solana’s network, known for its low transaction fees and high-speed operations, supports efficient and scalable BTC-based yield strategies. With SolvBTC. JUP users can access BTC-denominated returns in a structured and risk-managed environment.
SolvBTC.JUP operates as an LST, designed to provide Bitcoin yields through a CeDeFi strategy involving Solana’s Jupiter Exchange. This approach enables users to retain liquidity and exposure to Bitcoin while earning yields. The yields are generated by participating in the Jupiter Liquidity Provider (JLP) Pool on Solana and are risk-managed through hedging strategies on centralized exchanges.
Key features of SolvBTC.JUP include flexible monthly redemption cycles with specific application and payout schedules (on the 10th, 20th, and 30th of each month). The platform also implements a 25% performance fee and a 0.6% redemption fee, ensuring sustainability and incentivized participation.
This launch is part of Solv Protocol’s broader initiative to expand its Staking Abstraction Layer (SAL) and explore diverse ecosystems, offering Bitcoin holders decentralized yield opportunities. The introduction of SolvBTC.JUP marks a step forward in the mission to make BTC-backed decentralized finance more accessible and sustainable across blockchain networks.
What Is Solv Protocol?
This project has emerged as one of the leading issuers of Bitcoin LSTs in terms of total value locked (TVL) and network integrations. Currently, it operates across more than ten blockchain networks, including Ethereum, Base, BNB Chain, and Arbitrum. With reserves exceeding 25,000 BTC—valued at over $2 billion—this multichain expansion enables users to utilize Bitcoin in a range of decentralized finance (DeFi) strategies. These include staking and lending, which enhance BTC’s liquidity and functionality across diverse networks.
Recently, Solv Protocol has disclosed the classification of underlying assets in its SolvBTC reserve. This initiative aims to bolster security, ensure liquidity, and offer yield-generating opportunities for Bitcoin holders.
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