According to Foresight News, after the full-chain yield and liquidity protocol Solv Protocol launched the interest-bearing Bitcoin asset SolvBTC, the amount of Bitcoin pledged has exceeded 14,000, and the total locked value of the protocol has exceeded US$930 million, ranking 32nd in the TVL ranking of DeFi protocols. SolvBTC has been launched on Arbitrum, Merlin Chain and BNB Chain, and officially connected to the zkLink and Linea networks last week. Solv Protocol said that this means that users can cross-chain SolvBTC to zklink and Linea to obtain additional income.
Solv Protocol’s investors include Binance Labs, Blockchain Capital, and Nomura Securities. In addition, Solv is currently running a points campaign.