Solv Protocol x Base: Unlock cbBTC’s Full Potential through BTC Staking
We’re excited to announce that Solv Protocol has integrated cbBTC, Base’s wrapped Bitcoin asset, as a core reserve asset for SolvBTC. This integration opens up new opportunities for Bitcoin holders on Base, allowing them to unlock Bitcoin’s potential within decentralized finance (DeFi) and access liquid staking tokens (LSTs) like SolvBTC.BBN.
Bringing Bitcoin Staking to Base
Base’s vision of bringing a billion people onchain is now a step closer as Bitcoin becomes part of its rapidly growing ecosystem. By accepting cbBTC into Solv Protocol’s “Bitcoin Reserve for Everyone”, Bitcoin holders can easily mint SolvBTC, providing a seamless way to access Bitcoin staking while participating in the Base ecosystem.
With SolvBTC, users can also access SolvBTC.BBN, a liquid staking token representing staked Bitcoin in Babylon. This opens up new ways to earn rewards while retaining liquidity, further enhancing the utility of Bitcoin within DeFi.
Why This Matters
Base has rapidly become a hub for onchain innovation, and adding Bitcoin to the mix through cbBTC strengthens its role as a foundational asset within DeFi. Solv Protocol’s integration with cbBTC means Bitcoin holders can now engage with a secure, transparent system that unlocks staking opportunities without sacrificing liquidity.
As the largest Bitcoin staking platform, with over 16,000 BTC put to work, Solv Protocol’s integration brings proven infrastructure and new use cases for Bitcoin holders in the Base ecosystem. This marks a significant step forward in making Bitcoin an active participant in decentralized finance on Base.
How It Works
Bitcoin holders can mint SolvBTC using cbBTC directly through Solv Protocol. Once they have SolvBTC, they can easily access liquid staking opportunities such as SolvBTC.BBN, further enhancing their participation in Base’s DeFi ecosystem.
This integration simplifies the process, allowing Bitcoin holders to tap into the full potential of Bitcoin staking, while benefiting from the flexibility and security of Base.
Looking Ahead
With Solv Protocol’s integration of cbBTC, Base is taking a major step forward in bringing Bitcoin to its onchain economy. As both ecosystems continue to grow, we’re excited to see how this collaboration unlocks new possibilities for Bitcoin holders and helps shape the future of decentralized finance.
About Solv Protocol
Solv Protocol is a leading Bitcoin staking platform, allowing Bitcoin holders to unlock the full potential of over $1 trillion in Bitcoin assets. By providing secure, transparent staking infrastructure and access to liquid staking tokens (LSTs) like SolvBTC.BBN, Solv is paving the way for Bitcoin’s role in the future of decentralized finance.
About Base
Base is an Ethereum Layer 2 network offering a secure, low-cost, and builder-friendly platform for developing onchain applications. Base’s mission is to build a global onchain economy that increases innovation, creativity, and freedom, making decentralized technology accessible to everyone.
