Binance announces the launch of Solv Protocol on its Megadrop platform! How to Participate?
Binance announces the third project on the Megadrop platform - Solv Protocol (SOLV token) - with a reward of 588,000,000 SOLV. Binance launches the third project on the Megadrop platform named Solv Protocol (SOLV token). This is a BTC staking protocol aimed at building a financial ecosystem around Bitcoin. Details of Solv Megadrop: 👉Token name: Solv Protocol (SOLV) 👉Maximum total supply: 9,660,000,000 SOLV (can be increased through network governance for Bitcoin reserve offering) 👉Genesis token total supply: 8,400,000,000 SOLV (86.96% of maximum total supply) 👉Megadrop reward: 588,000,000 SOLV (7% of Genesis supply, accounting for 6.09% of maximum supply) 👉Initial supply at listing: 1,482,600,000 SOLV (17.65% of Genesis supply, accounting for 15.35% of maximum supply) What is Solv Protocol? Solv Protocol is a platform that supports generating interest to bring profits to investors from crypto assets. Solv has launched SolvBTC, SolvETH, and SolvUSD, providing yield opportunities for BTC, ETH, and stablecoins USDC and USDT, aiming to offer native yield for a variety of assets. Users can maximize capital utilization and earn interest in the Bull market by holding Solv Protocol products. Solv Protocol is a unified Bitcoin liquidity layer, connecting Bitcoin's trillion-dollar economy with DeFi by consolidating dispersed liquidity through SolvBTC. SolvBTC offers Bitcoin holders access to LST, supporting yield earning on Bitcoin across any chain. By staking with Solv, Bitcoin remains liquid, allowing users to leverage a range of DeFi applications. Solv Finance introduces various yield and asset opportunities in the crypto sector, aiming to become crucial infrastructure linking liquidity across DeFi, CeFi, and TradFi. The project's founding team includes Meng Yan, former Vice President of CSDN, and Will Wang, who led the design and development of the world's largest bank accounting system based on open and distributed technology, along with experienced co-founders and team members. Solv raised a total of $14 million in funding from notable investment funds such as Binance Labs, Blockchain Capital, Jump Capital, etc. Solv Protocol has undergone comprehensive security audits by Quantstamp, Certik, SlowMist, Salus, and Secbit, ensuring the highest safety standards. As of July, Solv Finance has over $1.31 billion in TVL from more than 303,000 users. What is SolvBTC? SolvBTC is the flagship product of the ecosystem, helping users seamlessly engage in the growing "BTCFi" space. SolvBTC is now available on Ethereum, BNB Chain, Arbitrum, and Merlin Chain. SolvBTC acts as a key to DeFi supported by Bitcoin across all chains. SolvBTC is guaranteed 1:1 by Bitcoin or Wrapped Bitcoin. SolvBTC and its derivatives provide yield that can be integrated with various DeFi protocols, offering flexibility and maximum access to the thriving BTCFi ecosystem. Key integrations include: DEXs: Providing instant liquidity and access to high-quality yields for SolvBTC holders. Lending protocols: Allowing SolvBTC holders to lend their tokens, earning profit based on leveraged interest positions. Yield trading protocols: Enabling users to trade future yields of SolvBTC derivatives, manage yield volatility, and optimize profits.
Features of Solv Protocol ERC-3525 In September 2022, the Ethereum Foundation approved ERC-3525 Semi-Fungible Token (SFT) as the 35th ERC standard. ERC-3525 combines the quantity characteristics of ERC-20 (ability to issue any quantity) and the uniqueness of ERC-721 (uniqueness of NFTs). The Solv technical team, creators of ERC-3525, has open-sourced this protocol, and many development groups are building products in various fields such as RWA, DeFi, and social applications based on ERC-3525. The basic stUSD Vault is in private testing, supported by $900,000 of trial capital provided by the Solv team to verify effectiveness and reliability. All users can track the performance and returns of this trial fund in real-time via the Solv interface. stUSD reached an ATH APY of 44.5%. Risk management tools Non-custodial solution With Solv Protocol, all user assets and liquidity pool LP tokens are stored in smart contracts, ensuring assets are not affected by third parties. Multi-party controlled Vaults Solv Protocol applies decentralized MPC to manage capital, with transactions jointly controlled by multiple parties. Custodians, managers, and liquidators all control transaction rights under integrated protection rules in the contract code. Even with consensus, no one can transfer assets out of the system. This design minimizes counterparty risk, increases transaction flexibility, and restricts unauthorized withdrawals. NAV management base on oracles Solv uses an oracle-based NAV management system to ensure the face value of fund shares matches the value of underlying assets. This protects investment decisions, redemptions, and payments. Additionally, this mechanism ensures tokens issued by the platform accurately reflect value, allowing seamless integration of Solv fund tokens into the DeFi ecosystem. Efficient settlement In volatile market conditions, Solv Protocol can use the oracle-based NAV management system to timely capture changes in the net value of funds and execute settlements, ensuring the platform can respond quickly to fluctuations in fund value. Enhanced security system Custodians Solv Protocol prioritizes user asset security and control through technical architecture and strategic partnerships with leading crypto custodians and auditors. Utilizing advanced security measures, comprehensive audits, and top crypto custodians like Copper, Ceffu, Cobo, and Fireblocks, Solv Protocol ensures safe and transparent collateral asset management. Custodians provide "Off-Exchange Settlement" solutions, allowing Solv to authorize and deauthorize assets to and from centralized exchanges without physically transferring assets. This minimizes risks related to exchange failures, ensuring actual asset ownership belongs to Solv. Solv Guard Solv Guard is an intermediary layer between underlying assets and user assets, adding an extra security mechanism on top of smart contracts. Solv Guard can be customized for individual asset group trading strategies, allowing control and customization of asset manager authorities. The main role of Solv Guard is to limit the multi-signature function of the "Safe" smart contract wallet within a specific scope. Solv Guard configures a Guardian Vault for each Vault, specifying target addresses and their permissions. To ensure security and upgradability, Solv Guard has a separate governance mechanism from its operational mechanism. Solv Vault Guardian is responsible for execution, while the Governor controls governance, potentially managed by the community and asset managers. This includes a Time Lock feature to ensure transparency and user choice. The Governor has broad powers, including upgrading the Guardian, adding or removing authorizations, managing native token transactions and whitelisted addresses, transferring Governor powers, or permanently disabling governance rights. Even if there are issues with the Guardian, the Governor can take timely remedial measures to maximize user asset protection. Reward system Solv has launched a reward system to encourage user participation in its ecosystem. In the first phase, users can earn basic experience points (XP) by depositing into Solv Vault, with XP earned increasing based on the amount and time staked. Additionally, users can invite friends to receive a commission equivalent to 10% of the invited user's basic XP. Users can also receive additional XP bonuses by reaching certain investment thresholds or participating in community activities. Accumulated XP can be used to receive SOLV token airdrops and participate in BTC-Fi ecosystem airdrop activities. However, SolvBTC purchased on the secondary market does not count for XP. What is Binance Megadrop? Binance Megadrop is a platform for launching new tokens, integrating Binance Simple Earn and Binance Web3 Wallet, which increases the opportunity to access new Web3 projects before they are listed. It combines interaction, learning, and rewards, providing a unique experience in the Binance ecosystem and cryptocurrency space. How to participate in Binance Megadrop 👉Log in to your Binance account.
👉Sign up for the BNB Locked product or complete Web3 tasks to accumulate points.
👉Complete Web3 tasks on the Binance app to receive a point multiplier.
👉Receive Megadrop rewards based on total points. Megadrop reward distribution mechanism Rewards are calculated based on the user's accumulated points ratio to the total accumulated points of all users. 👉Locked BNB points: Calculated based on the number of BNB locked and the locking duration. 👉Web3 task bonus and boost: Calculated when completing designated tasks. 👉Points calculation formula: Total Points = (Locked BNB Points * Web3 Multiplier) + Web3 Task Bonus. Note: Megadrop is only available for eligible regions. Rewards will be airdropped to users' Spot Binance wallets. #SolvProtocolMegadrop
Once in a Lifetime Deal - ETHFI Farming on Binance Launchpool
Yoo Folks, more and more people stake their $BNB or $FDUSD and farming #ETHFI Let's get deeper into #ETHFI and get to understand what's about! What is EtherFi? 🔥 EtherFi is a decentralized liquid staking platform, enabling users to stake ETH to support node operators and receive rewards.
👉EtherFi is a decentralized liquid staking platform that allows users to stake ETH to support node operators and receive rewards. Notably, etherFi creates a unique Non-Fungible Token (NFT) for each validator created during the staking process. 👉These NFTs possess the distinctive characteristics of each validator and allow for the storage of metadata. Thanks to this metadata, developers can build a more advanced staking infrastructure in the future. How EtherFi works?
👉The etherFi protocol consists of a service layer, which can serve as a platform for building other services. By providing a platform for developers to build on, etherFi aims to promote innovation within the staking ecosystem. 👉Moreover, stakers and node operators can access various services built on the staking infrastructure. As new services emerge, participants in the etherFi protocol stand to benefit from the growth and expansion of the ecosystem. 👉The etherFi project operates on the principles of decentralization and autonomy. They establish a network of reliable nodes without relying on intermediary organizations, improving system security and encouraging decentralization. 👉The etherFi protocol provides a service layer, creating conditions for the development of new services. This encourages innovation in the staking field and promotes the development of new useful applications. 👉Users of etherFi can access various services built on the staking platform. With the emergence of new services, etherFi users will benefit from the development and expansion of the ecosystem. Highlights of etherFi
1.Native Restaking: Allows users to receive better rewards, as their ETH earns income from staking and additional income from restaking through Eigenlayer. 2.Decentralization: etherFi implements Operation Solo Staker, enhancing Ethereum’s decentralization by deploying nodes in geographically diverse locations. 3.Security and Risk Mitigation: etherFi is the only protocol where stakers control the keys, minimizing risks associated with third-party node operators and protocols. 4.Robust Development Ecosystem: eETH is designed for use in DeFi. etherFi collaborates with various DeFi protocols to enhance the utility of eETH. Token Overview and ETHFI Launchpool Details:
👉Token Name: ether.fi (ETHFI) 👉Max Token Supply: 1,000,000,000 ETHFI .............. 🔥Launchpool Token Rewards: 20,000,000 ETHFI (2% of max token supply) 🔥Initial Circulating Supply: 115,200,000 ETHFI (11.52% of max token supply) 🔥Smart Contract Details: Ethereum 🔥Staking Terms: KYC required 🔥Hourly Hard Cap per User: 🔥16,666.66 ETHFI in BNB pool 🔥4,166.66 ETHFI in FDUSD pool Development Team Mike Silagadze (Founder, CEO): Mike has been investing in cryptocurrency since 2010 and previously founded Top Hat. He holds a Bachelor’s degree from the University of Waterloo. Chuck Morris (VP, Chief Engineer): Chuck has built and led engineering teams for over a decade. He holds a Master’s in Computer Science from the University of Chicago. Rok Kopp (Director of Customer Success): With over a decade of experience in sales and marketing for startups, Rok holds a Bachelor’s degree from the University of Notre Dame. Investors and Partners
Roadmap 👉Achieved: 🔥August 2023: Integration phase of Solo Node Operator – Phase 1 🔥Integration phase of DVT – Phase 1 🔥October 2023: Open source smart contracts 🔥November 2023: Launch of eETH 👉In Progress: 🔥April 2024: DVT integration phase 2, DAO Governance & TGE Farming Details 👉 Stake $BNB https://launchpad.binance.com/en/launchpool/ETHFI_BNB 👉 Stake $FDUSD https://launchpad.binance.com/en/launchpool/ETHFI_FDUSD Prpject Socials and Important links: 👉Website: https://www.ether.fi/ 👉X: https://twitter.com/ether_fi 👉Discord: https://discord.com/invite/zqGzcuQWvD 👉Telegram: https://t.me/+C3fpSjmPqzA5NTVh 👉Medium: https://medium.com/etherfi #ETHFILAUNCHPOOL
Hey Folks, Tik Tok, Tik Tok, time is ticking. So far #AEVO. Farming is on fire and you have less than 4 hours to farm some. With $BNB over $500 now don't miss the Opportunity to stake yours and get some juicy Rewards for it. Let's go again briefly about everything you need to know about #AEVO. 1. What is #AEVO. I've made it simple for you. Just look at the below picture and you will find everything you need to know:
I love what Aevo are building. Their DEX works super smoothly and fast. Never got any issues using it! 2. #AEVO. #AEVO. personally for me. Oh well, Folks, I am pretty bullish on every single Project on Binance Launchpool. Same with #AEVO. It was trading OTC around $0.25 - $0.30 and I am expecting atleast 10x on Listing and of course long term with the current Bull Cycle there is no limits where we can go but definitely patience always pays off in Crypto so the key for success is to hold! 3. How to Farm 🚜 Well that's the easiest thing out there. Less than 48 hours to do it in 2 different ways! 🔥 Stake your $BNB and farm: https://launchpad.binance.com/en/launchpool/AEVO_BNB 🔥 Stake your $FDUSD and farm: https://launchpad.binance.com/en/launchpool/AEVO_FDUSD AEVO Socials: 👉 Website: https://www.aevo.xyz/ 👉 Whitepaper: https://docs.aevo.xyz/aevo-exchange/introduction 👉 X: https://twitter.com/aevoxyz 👉 Discord: https://discord.com/invite/aevo 👉 Medium: https://aevo.mirror.xyz/ Happy Farming 🚜🚜🚜 #AEVOLAUNCHPOOL
Watch my video for everything AEVO - From how to farm it on Binance Launchpool to how to use AEVO DEX. And dont forget I am pretty bullish on whats coming from AEVO Team! #AEVOLAUNCHPOOL
Hey Folks I've recently talked about #AEVO. Farming is now live and it's pretty easy to get your hands on Aevo. And don't forget you can farm in the next 5 days so the earliest you start the better.
Here is how: 1. Stake $BNB 🔥 https://launchpad.binance.com/en/launchpool/AEVO_BNB 2. Stake $FDUSD 🔥 https://launchpad.binance.com/en/launchpool/AEVO_FDUSD #AEVO is a decentralized derivatives exchange platform. Let me share how it looks with you guys:
You can see that the Interface looks pretty clean, it's easy to do trading and you have all the information you need to feel comfortable when you take Desicion! The ecosystem of Aevo products provides everything any trader needs. Trade options, perps, yield and structured products in a single place. I am personally farming every Project on Binance Launchpool since I believe all of them are very good Long Term Hold. #Aevo is not exceptional and I think will do very good on Listing day! And let's look again at the Utilities of the #Aevo token! 🔥Governance: Aevo token holders can vote on network upgrades, new listings and on general DAO governance 🔥Staking: Users that stake Aevo tokens will get discounted trading fees on the Aevo exchange and boosted rewards on Aevo’s trader reward program. Happy Farming Folks! #AEVOLAUNCHPOOL
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