Put Your Bitcoin to Work with SolvBTC: The New Liquid Yield Token for BTCFi

Solv Protocol Team
3 min readMay 24, 2024

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Introducing SolvBTC, A Liquid Yield Token

Solv Protocol is entering a new phase by solidifying SolvBTC as a “Liquid Yield Token.” This empowers users to seamlessly participate in the growing “BTCFi” space, serving as the key to unlocking Bitcoin-powered DeFi on every chain.

TL;DR

  1. SolvBTC as a Liquid Yield Token: Your gateway to everything Bitcoin.
  2. Want to stake your BTC? Participate in point farming? Solv has you covered.
  3. All details regarding SolvBTC will be consolidated on this page, which will be regularly updated: last updated May 20, 2024

Beyond Capturing CeFi and DeFi Yields

Our journey began with the simple goal of providing Bitcoin holders with high-quality yields. This started with our GMX Vaults, which use market-making on GMX to collect trading fees. Our GMX vaults accumulated a TVL of $100 million across six vaults, generating over $5 million in yield for our users.

Recognizing that a significant portion of liquidity still lies in CeFi, we partnered with multiple leading asset management teams to help run delta-neutral trading strategies for SolvBTC. The first batch of yield vaults will be launched on Merlin Chain and Arbitrum. On the DeFi side, Solv has also partnered with Babylon, the market leader in Bitcoin staking, allowing BTC holders to share over $1.3 trillion of economic security with other networks in exchange for a staking yield.

SolvBTC now goes beyond merely capturing centralized finance (CeFi) and decentralized finance (DeFi) yields. As a liquid yield token, we are expanding our scope to help our users discover and capitalize on a multitude of yield-generating opportunities, including the exciting realm of point farming across different chains.

Unlocking New Yield Opportunities

SolvBTC has been launched on three chains: Arbitrum, Merlin Chain, and BNB Chain. These will be referred to as origin chains. Each origin chain is unique due to the underlying backing of each BTC.

Solv will partner with various chains to help provide liquidity for BTCFi to thrive, while allowing SolvBTC users to enjoy exclusive point multipliers as an incentive for providing liquidity. Additionally, SolvBTC users can double dip on rewards by interacting with dApps on those chains, fostering a thriving BTCFi ecosystem.

SolvBTC can now be bridged to these chains from the selected origin chain, detailed here: https://solvprotocol.notion.site/SolvBTC-Navigation-Page-767b5eeb992c416f8c6519e174a9214d

Get Started with SolvBTC

We invite you to join us on this exciting journey to make the most of your Bitcoin holdings! Here are the steps to get involved with SolvBTC:

  1. Identify Your SolvBTC Goals: Are you looking for yields or to farm points?
  2. Choose the Correct Origin Chain: Select from Merlin, Arbitrum, or BNB Chain.
  3. Stake Your BTC: Stake your wrapped BTC on the selected chain.
  4. Bridge and Start Farming

Note: Always DYOR (Do Your Own Research) and be aware of risks involved when using DeFi bridges.

Stay tuned for more updates as we continue to expand our offerings to more chains. Let’s make the most out of our Bitcoin. Together, we are shaping the future of BTCFi.

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Solv Protocol Team

Decentralized Asset Management. Diverse Assets. Savvy Strategies. Optimal Risk Management.