Announcing the Launch of SolvBTC.CORE: Unlock Real Yields on Your Bitcoin!

Solv Protocol Team
3 min readOct 1, 2024

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We’re thrilled to introduce SolvBTC.CORE, a Liquid Staking Token for Bitcoin, born from a significant collaboration between Solv Protocol and the Core ecosystem. This partnership is set to revolutionize how Bitcoin holders generate real yields, enhancing Bitcoin’s utility in decentralized finance (DeFi).

Introducing Core: A Bitcoin-Powered Blockchain

Core is a Bitcoin-powered, EVM-compatible blockchain pioneering the first-ever non-custodial Bitcoin staking. By staking your Bitcoin on Core, you help secure the network and earn rewards through transaction validation on the blockchain.

Earn Real Yields with SolvBTC.CORE

With SolvBTC.CORE, Bitcoin holders can earn yields while maintaining liquidity for DeFi participation on the Core Network. Enjoy up to 4% estimated annual returns in CORE tokens by staking Bitcoin. Plus, by participating in DeFi activities during the Core Ignition Drop, you can boost yields up to 10% through additional Core incentives. Register here for the Core Ignition Drop.

SolvBTC.CORE is pegged 1:1 with Bitcoin, meaning each SolvBTC.CORE represents an equivalent amount of Bitcoin, allowing you to maintain the value of your holdings while staking and earning rewards.

Key Features of SolvBTC.CORE:

  • Earn Yields in CORE Tokens: Stake your Bitcoin on Core and earn up to 4% estimated annual yield in CORE tokens. Rewards are calculated daily and distributed bi-monthly, with a 10% carry fee on all rewards.
  • Maintain Liquidity: Continue using your SolvBTC.CORE in DeFi without locking up your Bitcoin, and earn up to 10% APY through DeFi participation.
  • 1:1 Peg to Bitcoin: Each SolvBTC.CORE is fully backed by Bitcoin, preserving the value of your assets.
  • Institutional-Grade Security: Ceffu’s custodial services provide the highest level of security for your assets.
  • Points System Registration: Register for the Solv Points System to qualify for rewards. Hold SolvBTC.CORE in your Core wallet or on our Liquidity website to track your holdings and earn rewards.

How to Bridge Your Bitcoin to Core

Getting started is easy! Follow these steps to bridge your Bitcoin to the Core ecosystem:

  1. Withdraw your BTC from Binance to the BNB Chain (BTCB).
  2. .Mint SolvBTC using BTCB as collateral.
  3. Bridge your SolvBTC to Core using free.tech.
  4. Once bridged, you can use SolvBTC.b as collateral to mint SolvBTC.CORE.

By following these steps, you’re not just bridging assets; you’re unlocking new possibilities for earning yields on your Bitcoin!

Celebrate with Us!

To celebrate the launch of SolvBTC.CORE, we’re excited to offer exclusive incentives for our early adopters:

  • Exclusive Core Badge: Mint SolvBTC.CORE within the first 500 BTC cap to earn a unique Core badge, recognizing your early support.
  • SolvBTC.CORE XP: Earn 14 XP/$ per day, the highest rewards for any Solv assets!

Join the Bitcoin Movement!

We invite all Bitcoin holders to explore this exciting opportunity. By bridging your Bitcoin to Core and minting SolvBTC.CORE, you can start earning real yields while participating in the DeFi revolution. Together, let’s unlock the full potential of Bitcoin!

For more updates and detailed instructions, keep an eye on our channels. We can’t wait to see you on Core!

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Solv Protocol Team
Solv Protocol Team

Written by Solv Protocol Team

Leading Bitcoin Staking Platform. Backed by Binance Labs, Blockchain Capital

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