According to Odaily, Solv Protocol, a Bitcoin financial yield and liquidity protocol, is currently participating in the Babylon Test-4 network. It is understood that Solv Protocol will officially become a node of the Babylon network next week, participating in its operations.
In the past two months, the number of Bitcoins flowing into Solv Protocol through BNB Chain, Merlin Chain, and Arbitrum has exceeded 18,000, with a total value of 1.3 billion dollars. The volume of Bitcoin assets managed by Solv Protocol has surpassed multiple blockchains.
The collaboration between Solv Protocol and Babylon will enable Bitcoin liquidity on various networks to participate in Bitcoin collateralization, enhancing the security of POS chains. At the same time, it will bring new sources of income to the broad Bitcoin ecosystem.