🚀 Solv Protocol Raises $11 Million to Advance Bitcoin Staking!

- Binance Labs is backing Solv Protocol, which has closed an $11 million strategic funding round.

- Investors include Nomura’s Laser Digital, Blockchain Capital, gumi Cryptos Capital, OKX Ventures, and CMT Digital.

- The Bitcoin staking platform’s total funding has reached $25 million at a $200 million valuation.

Solv Protocol plans to use the capital to expand Bitcoin staking capabilities via the Staking Abstraction Layer (SAL). This will allow Bitcoin holders to participate in various DeFi protocols and chains.

🔍 Fun Fact: SolvBTC has already raised over 20,000 Bitcoin, representing over $1.3 billion in total value locked, spread across 10 blockchain networks.

Want to learn more about the future of Bitcoin staking? Share your thoughts in the comments! 💬