Introducing SolvBTC.BBN, A Liquid Staking Token for Bitcoin

TL;DR

Put your BTC to work with our Liquid Staking Token for Bitcoin, which leverages Babylon’s innovative approach to share Bitcoin’s economic security with PoS chains.

SolvBTC Babylon is designed for the upcoming Babylon mainnet launch.

• Say hello to SolvBTC.BBN, the Liquid Staking Token (LST) for Bitcoin.
• Prepare to earn staking yields in exchange for sharing Bitcoin’s economic security, while having to flexbility to use this LST across a wide range of DeFi applications, earning additional rewards.
• Initial cap of 500 BTC, with Solv as one of the first participants.

Why Bitcoin?

Bitcoin, the largest cryptocurrency with a market capitalization exceeding $1.3 trillion, has long been a cornerstone of the digital asset landscape. However, it has faced challenges in finding robust yield opportunities within DeFi. By leveraging Bitcoin’s immense economic security, the collaboration between Solv Protocol and Babylon aims to provide Bitcoin holders with a revolutionary way to stake their assets while maintaining liquidity, thus transforming BTCFi.

SolvBTC Babylon — Overview

Introduction to Babylon

Ethereum, as the second-highest market cap asset, has evolved beyond its initial goal of being “the world computer” to becoming a security layer for other networks through EigenLayer and nearly 100 rollups building on it. A primary security source for blockchains is a significant amount of capital funneled through a desirable asset that can be staked, such as ETH. Projects like EigenLayer leverage ETH to secure other blockchains rather than relying on high token emissions.

In just five months, EigenLayer has attracted over $13 billion in Total Value Locked (TVL), showcasing that ETH is a desirable asset for shared security. Given its success, the question arises: why not apply this model to the only asset more desirable and secure than ETH — Bitcoin?

Babylon is a protocol working 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.

Preparing for Babylon’s Mainnet Launch

SolvBTC Babylon (SolvBTC.BBN) will not produce yields initially but is designed in preparation for Babylon’s mainnet launch. When Babylon opens its initial cap of 500 BTC, 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 participate in Babylon’s staking ecosystem, with Solv as a key player in the initial 500 BTC cap.
• Seamless Access: Bitcoin holders on multiple chains can easily access Babylon’s staking yields, avoiding high gas fees and long block production times on the Bitcoin mainnet.

Bitcoin Mainnet: BTC users

Ethereum: FBTC users

BNB Chain: BTCB users

Arbitrum：WBTC users

Merlin Chain: M-BTC users

• Shared Economic Security: Bitcoin holders can stake their BTC to share economic security with other networks, potentially earning staking yields.
• Liquid Staking Token: SolvBTC.BBN is a liquid staking token, providing flexibility and maintaining liquidity for BTC holders.

SolvBTC.BBN: A Liquid Staking Token

SolvBTC.BBN serves as a liquid staking token which will be integrated with various DeFi protocols, offering maximum flexibility and accessibility for a thriving BTCFi ecosystem. Key integrations include:

1. DEXs: Provides SolvBTC.BBN holders with instant liquidity and access to high-quality yields without requiring KYC.
2. Lending Protocols: Allows SolvBTC.BBN holders to lend their tokens, earning extra yield while enabling borrowers to access leveraged yield positions.
3. Yield-Trading Protocols: Enables users to trade the future yields of SolvBTC.BBN, manage yield exposure fluctuations, and optimize returns.

Through these integrations, Solv is not only providing immediate value to SolvBTC.BBN holders but also laying the groundwork for deeper Bitcoin integration into DeFi.

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.

About Solv Protocol

Solv Protocol is 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 and earn additional rewards.

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.

For more information, visit our official website and follow us on Twitter.