Solv x Merlin Incentive Program: Make BTC Yield Again! Ends With A Bang!

Solv Protocol Team
2 min readMay 15, 2024

The Solv x Merlin Incentive Program: Make BTC Yield Again!’ has concluded.

Here’s a quick summary on the event:

  • 5,275 Participants
  • 1,900+ BTC Staked

Distribution of Rewards

Solv Points (400M)

  • Users staking over 0.01 BTC to 150 BTC will receive a linear distribution of points, ranging from 507 points to 20.3 million points based on their deposited BTC amount.
  • Users staking less than 0.001 BTC during the event will receive a constant allocation of 428 points.
  • Points will be reflected in users’ accounts before the end of Phase 1 of Solv’s Points System. Solv Points will be reflected in users’ accounts before the end of Phase 1 of Solv’s Points System. Users can check their points in the spreadsheet available on our Discord.

$MERL Tokens (2M)

  • A snapshot has been taken for users who deposited SolvBTC during the duration of the event.
  • $MERL tokens will be airdropped directly to users before the TGE of Solv’s token.

What’s next for Solv?

SolvBTC as the One-Stop-Shop for the Best Bitcoin Yields

  • SolvBTC users on the Merlin Chain will soon be able to stake their SolvBTC to earn yield, with an additional redacted multiplier in Solv’s Points System on top of their yields!

SolvBTC as the Key to BTCFi on every chain

  • zkLinkNova: SolvBTC users on the Merlin Chain can bridge their SolvBTC to zkLinkNova and enjoy a 1.5x multiplier in their Aggregation Parade (DYOR!)

Join us as we unlock the full potential of Bitcoin together!

Stay tuned for more updates and announcements! For more information and to stay updated, visit our website and follow us on social media.

--

--

Solv Protocol Team

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