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.
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.
1.5 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 MatrixThis 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 ServicesThe 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 ServicesThe 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 ServicesThe 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 ServicesThe 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.
What is Binance Megadrop and How to Use It?
The main point
Binance Megadrop is a platform that combines Binance Simple Earn and Web3 Wallet to offer early access to token projects before they are listed on the Binance exchange.Binance Megadrop is aimed at enhancing the overall user experience and driving beneficial innovation in the blockchain space.
How to Participate in Binance Megadrop?
1. Log in to your Binance account on the mobile app, then find the [Megadrop] icon. If you can't see it, go to [Other Services] first.
2. Next, you will see the selected Web3 project. You can browse the pages of each project to find out more information about participation periods, quests, reward distribution, coin listing times, tokenomics, etc.
3. If a project is available, you can complete various quests to earn points and rewards based on your score.
4. Each project may have a different set of quests. For example, you can earn points by putting BNB into a Simple Earn product subscription or by connecting your Binance Web3 Wallet to a project.
Binance Megadrop vs. Launchpool
While both Binance Megadrop and Launchpool are token launch platforms, they have some key differences regarding subscriptions, reward calculations, and project types.
Solv Protocol (SOLV) Megadrop Is Now Open: Subscribe to BNB Locked Products or Complete Web3 Quests to Participate!
SOLV Megadrop Period:
2025-01-07 00:00:00 (UTC) to 2025-01-16 23:59:59 (UTC)BNB Locked Products Snapshot Period: To maximize Locked BNB Scores, users may start locking their BNB in BNB Locked Products before 2025-01-07 00:00:00 (UTC), as hourly snapshots of users’ subscription amounts will be taken during this period. For more information on BNB Locked Products, refer to the FAQ.Web3 Quest Period: Users may complete Web3 Quest(s) during the Quest Period.Web3 Quest 1: “Stake 0.0001 BTCB on Solv Protocol” (Tutorial) 2025-01-17 06:00:00 (UTC)Rewards Distribution: Users may view their Megadrop rewards in Binance Spot Account.
SOLV Megadrop Details:
Token Name: Solv Protocol (SOLV)Max Token Supply: 9,660,000,000 SOLV (dynamic, may increase via network governance for Bitcoin Reserve Offering)Total Genesis Token Supply: 8,400,000,000 SOLV (86.96% of max token supply)Megadrop Token Rewards: 588,000,000 SOLV ( 7.00% of genesis token supply, 6.09% of max token supply)Initial Circulating Supply When Listed on Binance Spot: 1,482,600,000 SOLV (17.65% of genesis token supply, 15.35% of max token supply)Research Report: Solv Protocol (SOLV) User Eligibility: KYC required in eligible jurisdictions
Hard Cap per User: 4,704,000 SOLVRewards Calculation: Total Score = (Locked BNB Score * Web3 Quest Multiplier) + Web3 Quest BonusLocked BNB Score (based on hourly snapshots during the BNB Locked Products Snapshot Period) = (Average 120-day BNB Locked Amount 130) + (Average 90-day BNB Locked Amount 120) + (Average 60-day BNB Locked Amount 110) + (Average 30-day BNB Locked Amount 100) + (Average DeFi BNB Assets Amount * 30)Web3 Quest Multiplier: 1.5Web3 Quest Bonus: 500
How to Get Started With Binance Megadrop*:
Log into your Binance account.Subscribe to BNB Locked Products and/or complete all designated Web3 Quest(s) via Megadrop on the Binance App to accrue scores. To complete Web3 Quests, make sure you have at least one active Binance Wallet (keyless). Create your first Binance Wallet (keyless) now if you have not yet done so.After completing all the designated Web3 Quest(s), tap on the [Verify] button at the Megadrop project page before the Quest Period ends to successfully obtain the Web3 Quest Bonus and Web3 Quest Multiplier.Receive Megadrop rewards based on your Total Score.
*Notes:
External wallets imported to Binance Wallet (keyless) will not count. Only Multi-Party Computation (MPC) wallets that are created in Binance Wallet (keyless) may participate in Megadrop events. About BNB Locked Products For the calculations of Locked BNB Score, the "30 Days" multiplier will apply to all BNB Locked Products subscriptions with a duration of less than 30 days (e.g., 15 days).Users will receive different scores for each active subscription based on the subscription period. The longer the duration, the higher the Locked BNB Score. Refer to the BNB Locked Products page for the latest APRs and maximum subscription limits.Users may receive Megadrop, Launchpool rewards, and HODLer Airdrops at the same time (where applicable). There is no need to redeem BNB Locked Products positions to participate in Launchpools or HODLer Airdrops. BNB Flexible Products assets will not count toward the Megadrop score calculation.
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