According to Foresight News, Solv Protocol, a Bitcoin liquidity protocol, has launched its Babylon liquidity staking token, SolvBTC.BBN, on multiple networks including Ethereum, Arbitrum, BNB Chain, and Merlin Chain. Within 14 hours of its launch, 500 SolvBTC tokens were fully invested and are currently sold out.
SolvBTC.BBN is a Babylon liquidity staking token jointly launched by Solv and Babylon. It allows Bitcoin asset users on different networks to participate in Bitcoin staking by minting SolvBTC.BBN. Through this liquidity staking token, users can gain liquidity and earn more profits in various DeFi ecosystems. The rapid sell-out of the SolvBTC.BBN tokens indicates a strong demand for such services in the market.