Announcing the Third Epoch of SolvBTC.BBN

We are thrilled to announce the opening of the third epoch for SolvBTC.BBN (SolvBTC Babylon). Following the incredible success of our previous rounds, where the first epoch sold out in just 14 hours and the second epoch in a record 31 minutes, we are excited to continue offering innovative staking opportunities for Bitcoin holders.

Key Details for the 3rd Epoch:

• Opening Time: July 19, 12:00 PM UTC
• Total Cap: 500 SolvBTC
• Networks Supported: Ethereum (new), BNB Chain, Merlin Chain, Arbitrum, Mantle (new)
• Rewards:

Before SolvBTC.BBN is 1:1 Backed by Bitcoin Staked in Babylon:

You’ll earn 20 XP per $1 per day until all the underlying Bitcoin for SolvBTC.BBN is staked in Babylon. We understand this may take some time, depending on Babylon’s timeline for raising caps. Therefore, we have designed the incentive plan to ensure that users can benefit until the 1:1 backing is achieved.

After SolvBTC.BBN is 1:1 Backed by Bitcoin Staked in Babylon:

Once the 1:1 backing is achieved, the reward will be adjusted to 12 XP per $1 per day.

Exclusive Opportunity

Before Babylon’s mainnet launch, we will have an upper limit on the amount of SolvBTC.BBN available. The Babylon staking rewards will be distributed proportionally among all participants based on the amount of BTC staked. Each time Babylon raises its staking cap, Solv will strive to secure a share. Ultimately, SolvBTC.BBN will be backed 1:1 by Bitcoin staked in Babylon, along with the rewards that come with it.

Don’t miss out on this exclusive opportunity to participate in the evolving world of BTCFi!

New Networks: Expanding Our Reach

We are excited to announce the addition of Ethereum and Mantle to our list of supported networks. Users can now deposit FBTC to get SolvBTC on Ethereum and Mantle, and SolvBTC can be deposited to get the Liquid Staking Token (LST) for Bitcoin.

This expansion enables a wider range of users to obtain SolvBTC.BBN and participate in the Babylon staking ecosystem. By integrating with more networks, we are making it easier for Bitcoin holders to access and benefit from our innovative staking solutions.

Benefits of Expanding to New Chains

• Increased Accessibility: With the inclusion of Ethereum and Mantle, more users can seamlessly participate in the SolvBTC.BBN epoch, broadening the reach of our staking solution.
• Enhanced Liquidity: Expanding to new chains enhances the overall liquidity of SolvBTC, making it easier for users to trade and leverage their assets across multiple platforms.
• Greater Integration: Supporting additional networks fosters interoperability and integration with a broader range of DeFi protocols, amplifying the potential benefits for users.

Preparing for Babylon’s Mainnet Launch

Babylon is a protocol designed to create Bitcoin staking, allowing BTC holders to share over $1.3 trillion of economic security with other networks in exchange for a staking yield.

SolvBTC Babylon (SolvBTC.BBN) will not produce yields initially but is designed in preparation for Babylon’s mainnet launch. When Babylon launches its mainnet, Solv will be among the first participants, positioning SolvBTC.BBN as a pioneering liquid staking token for Bitcoin.

Benefits for Participants

• Early Participation: Be among the first to join Babylon’s staking ecosystem, with Solv as a leading player in the initial launch.
• Seamless Access Across Multiple Networks: Participate in Babylon’s staking yields without the hassle of high gas fees or long block production times.

Ethereum: For WBTC/FBTC users.

BNB Chain: For BTCB users.

Arbitrum: For WBTC users.

Merlin Chain: For M-BTC users.

Mantle: For FBTC users.

• Shared Economic Security: Stake your BTC and share economic security with other networks, potentially earning staking yields.
• Liquid Staking Token (LST): SolvBTC.BBN provides the flexibility of a liquid staking token, maintaining liquidity while earning yields.

BTCFi — A Reality in the Making

SolvBTC Babylon (SolvBTC.BBN) represents a significant leap forward in BTCFi. By collaborating with Babylon, Bitcoin holders can prepare their assets for staking, earning yield while maintaining exposure to Bitcoin’s potential upside. Solv is dedicated to building a thriving Bitcoin ecosystem, starting with SolvBTC.ENA & SolvBTC.BBN.

Stay tuned for more updates and detailed announcements about our upcoming integrations and partnerships. Together, let’s continue to push the boundaries of what’s possible in the world of decentralized Bitcoin finance (BTCFi).

About Solv Protocol

Solv Protocol is a Unified Bitcoin Liquidity Infrastructure, aimed at bridging Bitcoin’s trillion-dollar economy to DeFi by unifying its fragmented liquidity through SolvBTC. SolvBTC provides Bitcoin holders with access to Liquid Staking Tokens, offering a simple and efficient way to earn yields on their Bitcoin across any chain. By staking with Solv, your Bitcoin remains liquid, allowing you to leverage a wide range of DeFi applications.

Backed by prominent investors such as Binance Labs, Blockchain Capital, Laser Digital, and others, Solv Protocol is committed to delivering a secure and innovative staking experience. Our protocol has undergone extensive security audits by leading firms, including Quantstamp, Certik, SlowMist, Salus, and Secbit, ensuring the highest standards of safety.