1. What is Solv:
Solv is a leading Bitcoin staking protocol designed to unlock liquidity and maximize the utility of idle Bitcoin assets, building a Bitcoin-centered financial ecosystem. Through this protocol, Bitcoin holders can participate in staking and earn returns while driving the growth of the entire ecosystem.
2. Is it worthwhile to participate in Solv lending mining:
Current market situation:
The token price of the Solv protocol is 0.4 USD/token (whales' off-exchange trading price, with a circulating market value of about 600 million, which is relatively in line with current bull market pricing).
Assuming 18 million BNB participates in locked mining, each BNB can allocate to 32.66 SOLV tokens. Based on the whales' off-exchange price, the value of SOLV allocated to each BNB is 32.66*0.4=13.0 USD, with a theoretical return of approximately 66%.
Current Venus lending rate is an annualized 35%.
According to the analysis above, the returns from participating in lending and staking mining are approximately 66% - 35% = 31% annualized return.
3. Token distribution
4. The role of Solv:
Governance: SOLV token holders can participate in network governance and vote on protocol decisions.
Staking: SOLV token holders can earn rewards from protocol emissions through staking.
Fee discount: Users holding SOLV tokens can enjoy fee discounts for services such as trading within the protocol (e.g., SolvBTC redemption).
5. Solv financing situation:
The Solv project successfully raised funds through multiple rounds of private placement, with the main financing situation as follows:
4 rounds of private placement raised approximately 24 million USD.
First round: Project valuation 20 million USD, raised 1 million USD.
Second round: Project valuation 45 million USD, raised 4.5 million USD.
Third round: Project valuation 80 million USD, raised 6.6 million USD.
Fourth round: Project valuation 200 million USD, raised 11.7 million USD.
6. Business and business development progress:
Multi-chain support: Currently, Solv supports over 10 chains and is continuously expanding.
DeFi integration: Solv is integrated with over 50 DeFi partners and protocols.
Exchange collaboration: Integrated with multiple exchanges (such as Binance, OKX, Bybit, etc.), promoting a coin-earning program.
Summary:
Solv provides an innovative Bitcoin staking and lending solution that effectively enhances the liquidity and utility of Bitcoin assets. Its multi-chain support and DeFi collaboration network also place it in a significant position within the decentralized financial ecosystem. For users holding Bitcoin or interested in DeFi projects, participating in Solv staking or lending mining may be a worthy investment option, especially considering its high potential annualized returns.
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