Solv Deepens Integration With the Chainlink Standard To Enhance Transparency for $2B+ Protocol TVL

We’re excited to announce that Solv has adopted Chainlink Proof of Reserve, the standard for verifiable data, on BNB Chain to enhance the transparency of our total protocol TVL. Chainlink Proof of Reserve now provides onchain transparency into our total protocol TVL instead of only for SolvBTC. Proof of Reserve has been delivering up-to-date data verifying the reserves of SolvBTC to increase user confidence. Now, we’re expanding our existing integration with Chainlink PoR to provide onchain transparency into our total protocol TVL, not just SolvBTC. This will provide our users with additional visibility into the overall TVL of Solv.

Key benefits of Chainlink Proof of Reserve include:

• Programmatic utility — By bringing reserve data onchain, protocols can build automated logic around the reserve data backing an asset thus building new use cases and features such as automated onchain risk management.
• Confidence — With secure minting, Proof of Reserve protects against malicious minting by embedding cryptographic guarantees that new tokens minted are backed by reserves, helping to prevent infinite mint attacks.
• Decentralized — As the standard for verifiable data, Chainlink Proof of Reserve Feeds are decentralized at the data source and oracle node level, eliminating central points of failure in the sourcing and delivery of external data to blockchains.
• Transparent — Chainlink Proof of Reserve Feeds can be monitored by anyone in real-time, allowing any user to independently verify asset collateralization, bringing increased transparency and trust to onchain products.

“We’re excited to expand our integration with the Chainlink standard for verifiable data to enhance transparency around our protocol TVL. Chainlink has been instrumental in the growth of BTCFi, so deepening our integration with it was an obvious choice.” — Ryan Chow, Founder at Solv

About Chainlink

Chainlink is the standard for onchain finance, verifiable data, and cross-chain interoperability. Chainlink is unifying liquidity across global markets and has enabled over $18 trillion in transaction value across the blockchain economy. Major financial market infrastructures and institutions, such as Swift, Fidelity International, and ANZ Bank, as well as top DeFi protocols including Aave, GMX, and Lido, use Chainlink to power next-generation applications for banking, asset management, and other major sectors. Learn more by visiting chain.link.

About Solv

Solv Protocol is the on-chain Bitcoin Reserve, bridging TradFi, CeFi, and DeFi to unlock the full potential of over $1 trillion in Bitcoin. Through SolvBTC and SolvBTC.LSTs (Liquid Staking Tokens), Solv enables both retail and institutional investors to generate returns on their Bitcoin — turning it from an idle asset into a yield-generating instrument that seamlessly integrates with the broader financial ecosystem, driving the next era of Bitcoin Finance.

Solv Protocol is backed by prominent investors such as Binance Labs, Blockchain Capital, Laser Digital, OKX Ventures, and others. Solv Protocol has undergone extensive security audits by leading firms, including Quantstamp, Certik, SlowMist, Salus, and Secbit.