Babylon LST (SolvBTC.BBN) launched by Bitcoin staking protocol Solv has been listed on Pendle and has become the highest-yielding BTC income pool on DeFiLlama. SolvBTC.BBN includes Babylon points and Solv points. Combined with the structured products provided by Pendle, users can earn higher leverage income or fixed income. Currently, liquidity providers (LPs) earn up to 60%, with fixed interest rates around 8%.
SolvBTC.BBN (Corn) on @pendle_fi now offers some of the highest BTC APYs in the market: 27.07% APY for LP-ing on Pendle, ranked#1for BTC yields on @Defillama. 7.75% Fixed APY for Pendle PTs, highest for any BTC PTs on Pendle.Betting on BTCFi? Solv.… https://t.co/98cNUysYKH pic.twitter.com/K1ImWcaGZE
— Solv Protocol (@SolvProtocol) September 26, 2024
Solv said that the cooperation with Pendle aims to expand the application scenarios of Bitcoin in the DeFi field and provide users with more income opportunities.
Solv investors include Binance Labs, Blockchain Capital, and Laser Digital (a subsidiary of Nomura Securities), and the platform’s total value locked (TVL) currently exceeds $1.4 billion.
About Solv Protocol
Solv Protocol is a decentralized basic income platform designed to provide a stable, low-risk income source for Bitcoin, Ethereum and stablecoins. The current protocol TVL has reached $135M, and the cumulative number of interactive independent addresses exceeds 35,000. Investors include Binance Labs, Nomura, Mirana, and more. Solv Point System will be launched soon.
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