Solv is a leading Bitcoin staking protocol, building a thriving Bitcoin-centric financial ecosystem by unlocking liquidity and maximizing the utility of idle Bitcoin assets.
SOLV is Solv Protocol’s native utility token and is used in the following functions:
Governance: SOLV token holders can vote on network governance decisions.
Staking: By staking SOLV token on the Staking Abstraction Layer, stakers can earn protocol emissions.
Fee Discounts: SOLV token holders can enjoy fee discounts, including redemption fees for SolvBTC.
Solv Protocol is built upon the following core components:
SolvBTC: SolvBTC is a 1:1 BTC-pegged token that enables seamless, secure cross-chain transfers and DeFi participation for Bitcoin holders.
SolvBTC.LSTs (Liquid Staking BTC): SolvBTC.LSTs are Liquid Staking Tokens that allow Bitcoin holders to generate yield while staying liquid.
Staking Abstraction Layer (SAL): SAL abstracts the complexities of staking Bitcoin across multiple ecosystems and presents a unified interface for Bitcoin holders, enabling Bitcoin holders to generate yields across different blockchains.
The project has raised ~$24M USD from 4 rounds of private token sales, where 28.86% of genesis token supply has been sold：
The project raised ~$1M at ~$20M valuation
The project raised ~$4.5M at ~$45M valuation
The project raised ~$6.6M at ~$80M valuation
The project raised ~$11.7M at ~$200M valuation
As at December 31, 2024, the max token supply of SOLV is 9,660,000,000 SOLV (dynamic, may increase via network governance for Bitcoin Reserve Offering). The total genesis supply of SOLV is 8,400,000,000. The circulating supply upon listing on Binance will be 1,482,600,000 (17.65% of genesis token supply, 15.35% of max token supply).
Key metrics (as at December 31, 2024)
1. What is Solv Protocol?
Solv Protocol is a Bitcoin staking protocol, building a Bitcoin-centric financial ecosystem to unlock over $1 trillion in Bitcoin assets.
Through Staking Abstraction Layer, SolvBTC, and SolvBTC.LSTs (Liquid Staking Tokens), Solv Protocol enables both retail and institutional investors to capture diverse yield opportunities without sacrificing liquidity by seamlessly integrating Bitcoin into DeFi ecosystems.
1.1 Project mission
Solv Protocol’s mission is to unlock Bitcoin’s full potential by transforming over $1 trillion of idle BTC into yield-generating assets and becoming the on-chain reserve for Bitcoin in DeFi.
1.2 Value Proposition
Unlocking Idle BTC Potential. Transform over $1 trillion in idle Bitcoin into active, yield-generating assets through innovative staking solutions.
Building a secure, decentralized infrastructure to enhance Bitcoin’s utility, enabling yield generation and liquidity across ecosystems while maintaining transparency and trust.
1.3 Project Key Highlights
Staking Abstraction: Solv Protocol’s SAL abstracts various processes and hundreds of parameters for bitcoin staking, manages the complexities of staking Bitcoin across multiple ecosystems and presents a unified interface for Bitcoin holders, enabling Bitcoin holders to earn yields across different blockchains.
Non-Custodial: Solv Protocol utilizes a decentralized mechanism for managing user assets through the whole process of Bitcoin staking. With the interaction of smart contracts, Bitcoin scripts and third-party verifiers, user’s Bitcoin assets are processed in a non-custodial environment.
Bitcoin Reserve Offerings (BROs): To leverage its Bitcoin reserve, Solv preliminarily plans 3 BROs, each minting 42 million SOLV tokens exclusively for convertible note sales (scheduled for Q1, Q2, and Q3 2025). These sales will acquire BTC for the protocol-owned reserve. Convertible notes mature in one year, with SOLV token claimability in Q1, Q2, and Q3 2026, respectively. Afterwards, further Bitcoin Reserve Offerings will be under DAO governance and the token supply may increase via network governance for Bitcoin Reserve Offering.
1.4 Existing Products
Solv offers a suite of products designed to enhance the utility and liquidity of Bitcoin within the decentralized finance (DeFi) ecosystem.
SolvBTC:
SolvBTC is a 1:1 BTC-pegged token that facilitates seamless cross-chain transfers and unlocks DeFi participation for Bitcoin holders.
SolvBTC supports native BTC and various BTC derivatives (BTCB, WBTC, cbBTC, etc) across multiple blockchains, including Ethereum, BNB Chain, Arbitrum, Avalanche, etc.
SolvBTC.LSTs (Liquid Staking BTC)
SolvBTC.LSTs (Liquid Staking Tokens) expand Bitcoin's DeFi accessibility by enabling users to earn yield while maintaining liquidity.
Four distinct product lines:
SolvBTC.BBN (Babylon-based liquid staking)
SolvBTC.JUP (Jupiter-based delta neutral strategy)
SolvBTC.CORE (CoreDAO-based liquid staking)
SolvBTC.ENA (Ethena-based delta neutral strategy).
SolvBTC DeFi Vaults
The SolvBTC DeFi Vault streamlines user interaction with various LSTs and DEXes, minimizing the complexity and costs of typical on-chain transactions.
1.5 Technical Details
The Staking Abstraction Layer (SAL) is Solv Protocol’s core infrastructure. It abstracts the complexities of staking Bitcoin across multiple ecosystems and presents a unified interface for Bitcoin holders. For more details, please refer to the documentation page here.
The Staking Abstraction Layer (SAL) is a modular architecture designed to facilitate secure and efficient BTC staking through series of data models and key components:
The Staking Abstraction Matrix
This is the core data model of the Staking Abstraction Layer (SAL), which consolidates data models for Bitcoin staking, including Bitcoin script configurations, staking transaction parameters, LST contract parameters, and yield distribution rules.
LST Issuance Services
The LST generation module will ensure the security and accuracy of the issuance and redemption process for BTC LSTs, guaranteeing that the number of LSTs issued is strictly equal to the amount of BTC staked and ensuring that users receive the LSTs they mint.
Staking Verification Services
The staking verification service checks the correctness and completeness of each staking transaction according to the staking transaction parameters defined in the Staking Abstraction Matrix (SAM).
Transaction Building Services
The transaction building service is responsible for creating staking transactions tailored to different staking protocols. It is also responsible for estimating optimal transaction fee and the timing requirements of the staking protocols.
Yield Distribution Services
The yield distribution service is responsible for calculating the value of yields and mapping them to the price of LSTs, or offering solutions to airdrop yield assets directly to users.
2. Token Sales and Economics
2.1 Token Distribution
Token Allocation (of genesis supply)
Token Allocation (of max supply as at December 31, 2024)
2.2 Token Release Schedule (of max supply as at December 31, 2024)
Note on Bitcoin Reserve Offering:
Solv preliminarily plans 3 BROs, each minting 42 million SOLV tokens exclusively for convertible note sales (scheduled for Q1, Q2, and Q3 2025). These sales will acquire BTC for the protocol-owned reserve. Convertible notes mature in one year, with SOLV token claimability in Q1, Q2, and Q3 2026, respectively.
Afterwards, further Bitcoin Reserve Offerings will be under DAO governance and the token supply may increase via network governance for Bitcoin Reserve Offering.
3. Roadmap and Updates
Completed Milestones
Current Roadmap
Q1 2025:
CEXs and DEXs Listing
SolvBTC and SolvBTC.LSTs are integrated with more ecosystems like BeraChain, Sonic, zkSync, Soneium, Sei and more
Launch Exchange Earn Campaigns
Launch Second SOLV Points Campaign
Launch the first Bitcoin Reserve Offering
Launch SolvBTC.RWA
Q2 2025:
Launch the second Bitcoin Reserve Offering
Launch SolvDAO
Integration of BTC ETFs into SolvBTC Core Reserve
Launch additional SolvBTC.LST
ETF Tokenization
Commercial and Business Development Progress
Multiple chains and ecosystems. Currently over 10 chains and growing
Integrated with over 50 Defi partners and protocols
Exchange Earn Programs including Binance, OKX, Bybit, etc
4. Community