Introduction
Solv Protocol is a Bitcoin Reserve on-chain, aiming to unlock the full potential of over $1 trillion in Bitcoin assets. Through Staking Abstraction Layer, SolvBTC and SolvBTC.LST (Liquid Staking Tokens), Solv enables both retail and institutional investors to capture diverse profit opportunities without sacrificing liquidity by seamlessly integrating Bitcoin into the DeFi ecosystem.
Solv Protocol is backed by prominent investors such as Binance Labs, Blockchain Capital, Laser Digital, OKX Ventures, and many others. Solv Protocol has undergone extensive security audits by leading firms, including Quantstamp, Certik, SlowMist, Salus, and Secbit.
Investors and Audits
On-chain Bitcoin reserves
SolvBTC prioritizes security through a fully transparent Proof-of-Reserve (PoR) system.
This creative framework allows users to verify in real-time that every SolvBTC token is backed 1:1 by Bitcoin or a trusted wrapped Bitcoin asset. By categorizing reserve assets and maintaining clear transparency, Solv Protocol builds trust, protects user assets, and minimizes unnecessary risks—ensuring a robust and reliable ecosystem for Bitcoin utility.
MicroStrategy Parallel
Comparing the Bitcoin reserve approaches of Solv and MicroStrategy.
Solv's Bitcoin reserves have surged to over 30,000 BTC in just six months, while MicroStrategy's holdings remain unchanged at around 400,000 BTC.
While MicroStrategy focuses on holding, Solv turns $BTC into a positive energy source and generates profits.
Active Bitcoin reserves
Over 11,611 BTC are actively staked in SolvBTC.LST, generating profits and value for holders while maintaining liquidity.
10,688 BTC are deployed across decentralized applications (dApps) and leading ecosystems, such as Ethereum, Bitcoin Mainnet, BNB Chain, Arbitrum, Avalanche, etc. This integration connects Bitcoin into the DeFi space, enabling diverse use cases such as providing liquidity, cross-chain transfers, and generating profits.
With an impressive utilization rate of up to 90%, SolvBTC demonstrates that Bitcoin can evolve beyond mere 'HODLing' to become a dynamic force in decentralized finance, opening up financial opportunities for users worldwide.
Bitcoin Staking Situation
Bitcoin accounts for over 50% of the total cryptocurrency market, valued at over $1.3 trillion.
Over $1 trillion of BTC value is sitting idle
No native yield
Unlike ETH, which benefits from a thriving staking ecosystem, there are no high-quality native yield solutions for Bitcoin.
As of June 13, there are: - ~28% of the total ETH supply staked (34 million/120 million) - ~29% of ETH staked through Lido (10 million/33 million)
With the current Bitcoin price, Solv only needs to send 2.5% BTC to Solv's treasury to achieve a similar TVL as Lido.
Fragmented BTC liquidity in DeFi
Bitcoin liquidity is being thinly allocated across L1s, ETH L2s, and BTC L2s.
Currently, there are over 80 projects scaling Bitcoin, all competing for liquidity market share.
Solv Protocol has positioned itself as the liquidity layer for Bitcoin, with over 19,000 Bitcoin staked on Solv, surpassing BTC holdings on multiple chains and Bitcoin ETFs.
Some integrations with core DeFi prototypes
ETH, ETH derivatives, and stablecoins remain the preferred collateral assets in DeFi.
Solv Protocol is actively working with multiple chains and DeFi protocols to integrate our liquid BTC yield tokens, paving the way for a robust BTCFi ecosystem.
It's Bitcoin Season!
Money is flowing into infrastructure
Bitcoin-related projects have raised over $100 million in the first half of 2024, indicating growing interest in DeFi driven by Bitcoin.
Proven demand
In less than 4 months since SolvBTC launched, over 19,000 Bitcoin have been staked on Solv, surpassing the BTC holdings on several complete chains and Bitcoin ETFs.
The amount of Bitcoin held by Solv Protocol ranks 5th among chains
Solv Protocol's Bitcoin Holdings rank 7th among Bitcoin and Ethereum ETFs
SolvBTC: Bitcoin Reserve for Everyone
SolvBTC is built to address these issues by unifying Bitcoin liquidity across multiple chains, serving as a common Bitcoin reserve for DeFi users. This solution offers flexibility, generating profits for Bitcoin holders who want to move their assets across blockchain ecosystems without facing fragmented liquidity or risks associated with each wrapped BTC asset.
With SolvBTC, Bitcoin holders can:
Freely move their assets between blockchains such as Ethereum, BNB Chain, Avalanche, Arbitrum, Base, BOB, Mantle, and Merlin.
Seamlessly participate in the DeFi ecosystem across multiple chains.
Access liquidity and generate profits on multiple platforms without worrying about inefficiencies or high transaction costs.
Through the partnership with Chainlink's Cross-Chain Interoperability Protocol (CCIP) and Free.tech, SolvBTC ensures secure and efficient cross-chain transactions, allowing users to benefit from seamless liquidity flow and low fees.
SolvBTC.LSTs
SolvBTC.LST sets the standard for all Liquid Staking Tokens (LST) in the SolvBTC ecosystem. These tokens offer Bitcoin holders a unique opportunity to stake their assets while maintaining liquidity, allowing them to earn profits without locking up their Bitcoin. By leveraging SolvBTC, users can access cross-chain profit opportunities, opening up new avenues for Bitcoin utility in decentralized finance (DeFi) ecosystems.
There are two distinct types of SolvBTC.LST:
Pegged LSTs: These tokens are pegged 1:1 to Bitcoin, providing a stable, liquid representation of staked BTC that reflects its value across chains. This ensures that users can freely move their assets without worrying about value volatility.
Yield-generating LSTs: These LSTs accumulate staking rewards over time, meaning their value increases as they generate profits from underlying staking activities. Yield-generating LSTs not only provide liquidity but also enhance long-term earning potential, allowing users to continuously generate income while keeping their Bitcoin active in the market.
Earn up to $5000 on Binance Megadrop with Solv Airdrop? Why not?
Binance is the first platform to list SOLV. The trading start time will be announced later.
Details about the SOLV Megadrop:
Maximum total supply: 9,660,000,000 SOLV
Total supply at TGE launch: 8,400,000,000 SOLV
Megadrop allocation: 588,000,000 SOLV (7% of total supply at TGE)
Initial circulating supply: 1,482,600,000 SOLV (17.65% of total supply)
How to participate with Binance Megadrop:
Register for BNB Locked Products and/or complete Web3 Quests to accumulate points. To complete Web3 Quests, ensure you have at least one active Binance Wallet.
Complete the registration for BNB Locked Products on Simple Earn to accumulate points.
Access Megadrop on the Binance App and complete all assigned Web3 Tasks to accumulate points and earn a points multiplier.
Receive Megadrop rewards based on your Total Points.
Megadrop scoring mechanism:
Megadrop rewards for each eligible user will be based on the user's Total Points in proportion to the Total Points of all eligible users.
Scoring system:
Locked BNB Points: Users will receive points based on the amount of BNB registered and the registration duration. Longer registration will yield higher points. This score may fluctuate as it is based on the average from daily snapshots.
Web3 Quest Rewards * and Web3 Quest Multipliers: Users will receive Web3 Quest Rewards and Web3 Quest Multipliers when they complete all assigned Web3 Tasks with the stated minimum requirements.
The system will calculate the user's Total Points by applying the Web3 Task Multiplier to their locked BNB points and then adding the Web3 task rewards.
Total Points = (Locked BNB Points * Web3 Task Multiplier) + Web3 Task Rewards
* If users do not complete all assigned Web3 Tasks, the multiplier will be 1.
Note:
External wallets imported into Binance Wallet will not be counted.
Megadrop rewards will be airdropped to users' Binance Spot wallets
Details of Binance Megadrop can be found here
