According to Foresight News, Bitcoin staking protocol Solv Protocol has announced its successful deployment on the Avalanche network. Users can now utilize BTC.b to mint SolvBTC. Additionally, SolvBTC and SolvBTC.BBN from other chains can be cross-chained into the AVAX ecosystem via Chainlink CCIP.
Currently, Solv has completed deployments on eight public chains, including Ethereum, BNB Chain, Base, and Arbitrum. The protocol has built a Bitcoin staking ecosystem that spans over 20 public chains and DeFi protocols, offering diversified yield opportunities for Bitcoin assets.
