SOLV the Future: Stake BTC to Mint SolvBTC
We are thrilled to announce the Solv The Future campaign, a collaboration between Solv Protocol and OKX Wallet. Designed to reward Bitcoin users, this campaign brings a combined airdrop and staking rewards pool worth $6,000,000 in $SOLV tokens.
This initiative follows the successful launch of SolvBTC on the BTC Mainnet — a milestone that marks Solv Protocol’s expansion from EVM chains to Bitcoin’s native network. By addressing the complexities of Bitcoin staking, SolvBTC creates a seamless connection between Bitcoin Mainnet and EVM-compatible chains, empowering users with innovative tools to unlock their Bitcoin’s full potential.
Here’s everything you need to know to maximize your benefits from this campaign.
Categories:
Campaign Overview
The campaign is split into two reward components:
Airdrop for BTC Holders:
- Eligibility: Users holding more than 0.05 BTC at the snapshot time.
- Snapshot Time: November 21st, 16:00 UTC.
- Unique Address Rule: Each user can only use one EVM address for collection, and one BTC address corresponds to one EVM address.
- Claim: Rewards can be claimed on Solv TGE (Token Generation Event) date.
- Rewards: Distributed to a maximum of $1,800,000 in $SOLV tokens.
Staking Rewards for SolvBTC:
- Eligibility: Users who stake at least 0.005 BTC on the BTC Mainnet from December 25th 00:00 UTC+0 to February 10th 23:59 UTC+0.
- Claim: Claim will be open at Solv TGE, and the claim period is 7 days.
- Rewards: A pool of $4,200,000 in $SOLV tokens, in which:
50% of staking rewards to be released three days after the end of the campaign.
50% to be released linearly over five months.
- Earn Staking Rewards:
Additional $SOLV tokens will be distributed based on your cumulative staking amounts and average position size during the campaign period.
How rewards are calculated:
- Rewards are distributed proportionally based on two factors: your cumulative staking amounts (the total amount of SolvBTC you have staked during the campaign period) and average position size (the average amount of SolvBTC and SolvBTC.LST you’ve held staked over the campaign period during the campaign period on BNB Chain).
- Calculations:
If the cumulative SolvBTC minting amount is less than the average position size on BNB Chain, rewards will be distributed according to the staking amount.
If the cumulative SolvBTC minting amount is greater than the average position size on BNBChain, rewards will be distributed based on the average position size.
- All users will be able to check the number of airdrops available for collection on the Solv Platform at the end of the campaign.
Note: All users can participate in the SolvBTC mainnet staking campaign and share in the staking rewards, regardless of whether you are eligible to claim airdrops or not.
How to Participate
Airdrops for BTC Holders
- Verify Eligibility: Access the OKX Wallet campaign link to confirm if your BTC holdings meet the requirements at the snapshot time.
Note: You can check your eligibility for the airdrop on Dec 27th.
2. Claim Your $SOLV Tokens:
- Follow Solv Protocol’s official Twitter and join Solv’s Telegram community.
- Complete the verification process to check your airdrop allocation.
- Claim will be open at Solv TGE, and the claim period is 7 days.
SolvBTC Minting on Bitcoin Mainnet
- Log into: https://app.solv.finance/solvbtc?network=bitcoin-mainnet
- Tap [SolvBTC] — [Connect Wallet] to connect your OKX Wallet.
3. Tap [ Bitcoin Mainnet] — [Connect Wallet] to connect your OKX Wallet again.
4. Enter the amount of BTC to stake. Please note that you need to stake a minimum of 0.005 BTCB. Tap [Deposit].
5. Please wait and tap [Claim] to receive SolvBTC on the BNB Chain.
6. Tap [Points System] to activate the points system.
7. Tap [Join] and enter the invite code [Y7D246].
Why Join This Campaign?
This campaign is a unique opportunity to maximize the potential of your Bitcoin holdings:
- BTC Holders: Enjoy an exclusive airdrop just for holding Bitcoin.
- SolvBTC Stakers: Boost your rewards by participating in staking activities.
- Double the Rewards: Earn from both the airdrop and staking pools, unlocking the full benefits of $SOLV.
