SolvBTC.JUP Is Now Open For Public Access, Marking Solv’s First Step Into the Solana Ecosystem

At Solv Protocol, we’re excited to announce that SolvBTC.JUP is now open to the public! After an initial month-long pilot phase, this BTC-based Liquid Staking Token (LST) is ready for broader access, giving Bitcoin holders a gateway to earn yield through the Solana ecosystem. This launch marks our first integration with Solana and a pivotal step in our journey to provide secure, yield-generating opportunities for Bitcoin in DeFi.

Expanding Bitcoin Horizons: Solv Protocol’s Solana Entry

The release of SolvBTC.JUP builds on our successful pilot phase, where we gathered valuable user feedback and optimized the product for a larger audience. This product allows Bitcoin holders to unlock BTC-denominated yield through a CeDeFi strategy with Solana’s Jupiter Exchange, one of the top DeFi platforms on Solana. With SolvBTC.JUP, users can gain yield without compromising liquidity or the core security of their Bitcoin holdings.

What is SolvBTC.JUP?

SolvBTC.JUP is a Liquid Staking Token (LST) for Bitcoin, designed to accrue yield denominated in BTC through a strategy integrated with one of Solana’s top DeFi platforms, Jupiter Exchange. Here’s how it works:

• Deposit BTC/Wrapped BTC to mint SolvBTC, which is then used to create SolvBTC.LSTs.
• In return, they receive SolvBTC.JUP, which represents their staked BTC and accrues yield over time.

This product allows Bitcoin holders to earn yield without sacrificing liquidity or exposure to Bitcoin. Yields are generated from Solv’s strategy of participating in the Jupiter Liquidity Provider (JLP) Pool on Solana, while mitigating risk through hedging net open interest on centralized exchanges.

Key Launch Details

For this public launch, SolvBTC.JUP offers several features designed for ease of access and flexibility:

• Collateral: SolvBTC
• Redemption Cycles: Monthly cycles with three application windows (10th, 20th, and 30th of each month) and respective payout schedules.
• Performance Fee: 25% performance fee & a redemption fee of 0.6%.
• KYC Requirements: KYC is required for SolvBTC.JUP access. During the initial rollout, KYC will be processed more frequently than the usual Mondays and Thursdays for quicker onboarding. Previous Solv KYC-completed users are already approved and do not need to reapply.

Note: The first redemption window will open one month after the public launch.

Solana as the Ideal Ecosystem for BTC DeFi

Solana’s ecosystem, with its low fees and high-speed transactions, is the perfect environment for integrating Bitcoin into DeFi. By leveraging Solana’s robust infrastructure, SolvBTC.JUP opens up new opportunities for BTC holders to earn Bitcoin-based returns in a stable, hedged environment. Jupiter Exchange, as one of Solana’s leading DEXs, brings high trading volumes and efficient liquidity pools, making it an optimal choice for BTC-based yield strategies on the network.

Looking ahead, we’re exploring further partnerships across the Solana ecosystem, aiming to expand SolvBTC.JUP’s utility and allow users to make even more of their BTC on Solana.

What’s Next for Solv and BTC Yield Strategies?

As we expand our Staking Abstraction Layer (SAL), Solv Protocol is committed to exploring new ecosystems, providing Bitcoin holders with more decentralized yield opportunities. The public launch of SolvBTC.JUP is just one step in our broader mission to make BTC-backed DeFi accessible and sustainable across blockchain networks.

We’re thrilled to welcome more users into the SolvBTC.JUP community as we continue to shape the future of BTC in DeFi!