How to Participate in Solv Protocol Babylon with Bybit Web3 Wallet?
We’re excited to announce that Bybit Web3 Wallet is collaborating with Solv Protocol to offer a special 20% XP Boost in Solv XPs for an upcoming airdrop! This is your chance to enhance your staking experience and earn exclusive rewards by participating in Solv Protocol’s Babylon with your Bybit Web3 Wallet.
To get started, you’ll need to stake a minimum of 0.0001 SolvBTC to receive SolvBTC.BBN via Solv Protocol.
What is SolvBTC.BBN?
SolvBTC.BBN is a liquid staking token (LST) specifically designed for Bitcoin, representing staked Bitcoin within the Babylon ecosystem. By holding SolvBTC.BBN, Bitcoin holders not only earn staking yields but also contribute to the economic security of Proof-of-Stake (PoS) chains by sharing Bitcoin’s $1.3 trillion market cap. SolvBTC.BBN provides flexibility, enabling users to participate in DeFi opportunities while still accumulating staking rewards.
Step-by-Step Guide to Participate
Step 1: Get at least 0.0001 WBTC on Ethereum or FBTC on Mantle
Before you begin, make sure you have at least 0.0001 WBTC (Wrapped Bitcoin) on Ethereum or FBTC on Mantle in your Bybit Web3 Wallet. You’ll also need some ETH or other native tokens to cover gas fees for transactions.
Step 2: Join the Campaign
- Tap [Launch App] and then [Connect Wallet] to connect your Bybit Web3 Wallet to Solv Protocol.
2. Select the network where you want to deposit (Ethereum or Mantle), and enter the amount of WBTC/FBTC you wish to stake. Ensure it meets the minimum requirement of 0.0001 WBTC/FBTC. Tap [Approve] to allow the transaction.
3. Tap [Deposit] and confirm the transaction in your Bybit Web3 Wallet. You’ve successfully deposited your BTC into the Solv Protocol ecosystem!
Step 3: Stake Your SolvBTC to Get SolvBTC.BBN
- After depositing, tap [SolvBTC.BBN]. Choose the network where your SolvBTC is stored, enter the amount of SolvBTC you wish to stake (minimum 0.0001 SolvBTC), and tap [Approve].
2. Tap [Stake] and confirm the transaction in your Bybit Web3 Wallet. Congratulations! You’ve successfully staked your SolvBTC and received SolvBTC.BBN.
3. You can confirm your holdings by navigating to [My Portfolio] in the app.
Why Participate?
By staking your SolvBTC and obtaining SolvBTC.BBN, you’re not just earning staking rewards but also positioning yourself for future opportunities within the Solv Protocol ecosystem. Additionally, this campaign provides a significant boost to your Solv XPs, giving you an edge in the upcoming airdrop.
This collaboration between Bybit Web3 Wallet and Solv Protocol is a unique chance to maximize your returns while contributing to the security and utility of the broader Bitcoin ecosystem. Don’t miss out — stake your SolvBTC today and start earning with SolvBTC.BBN!
