Beware of Bad Actors Spreading Rumors: The Ridiculous Rumors About SolvBTC

Recently, SolvBTC has faced some dramatic accusations, but based on the responses from co-founder Ryan Chow and relevant information, it is clear that these are purely rumors, a deliberate smear campaign by competitors, and FUD to prevent the project from being listed on Binance. The '1800 BTC young lady' is just a tool pushed out to take the heat, fabricating fake news and spreading rumors about a rug pull, while trying to incite retail investors to 'defend their rights' for the whales.

Let's take a look at several aspects:

1. Asset Security Issues: The accusation that SolvBTC misappropriates underlying BTC is unfounded. In fact, the profit assets of SolvBTC need to be regularly restaked to new script addresses during daily operations, which is a routine part of the management process.

2. Doubts About TVL Decline: During Babylon Cap3, SolvBTC.BBN's TVL (Total Value Locked) saw a decline, but this was due to Solv officially starting the redemption of SolvBTC.BBN, leading to the change in TVL, which is completely normal.

3. 'BTC Triple Counting' Rumor: There are market speculations that Solv involves duplicate counting of BTC, known as 'BTC Triple Counting', but this accusation has not been supported by actual evidence.

4. Revenue Generation Strategies: SolvBTC generates revenue through three strategies: market making, delta-neutral financing rates, and cross-exchange arbitrage. These strategies aim to provide diversified DeFi yield opportunities for Bitcoin holders.

5. Points System and Financing Situation: The Solv team announced that the points system will launch on April 5, which may reward early adopters of SolvBTC. Additionally, the team has raised significant funds from investors such as Binance Labs and Laser Digital, totaling up to $11 million.

In the face of doubts, SolvBTC clarifies false statements through positive responses and factual evidence. At the same time, its unique revenue generation strategies and strong financing background provide robust support for the continuous development of the project. Brothers, keep your eyes wide open and don't be misled!