According to Foresight News, Solv and GMX have entered into a strategic partnership. As part of this collaboration, Solv has established six trading strategy pools based on GMX, with an AUM exceeding $100 million and generating over $5 million in revenue. The strategic partnership aims to build a Bitcoin yield ecosystem centered around SolvBTC on Arbitrum, promoting GMX's economic stability and active trading, and providing more Bitcoin users with asset yield services and more opportunities for profit.
In addition, the yield Bitcoin asset SolvBTC launched by Solv has been listed on multiple networks including Arbitrum, BNB Chain, Merlin Chain, and others. It has pledged more than 3140 BTC, with the total locked value of BTC exceeding $220 million.