Unifying Liquidity of SolvBTC.BBN: Smart Contract Upgrades

Dear Solv Users,

We are thrilled to announce crucial upgrades to enhance the cross-chain capabilities of SolvBTC.BBN, the Liquid Staking Token for Bitcoin. These upgrades are part of our commitment to unify the liquidity of SolvBTC.BBN and share its benefits across multiple chains.

Upgrade Details:

Ethereum

• Upgrade Time: August 13, 2024, at 1:00 AM UTC
• Temporary Suspension: During this upgrade, staking and redemption of SolvBTC and SolvBTC.BBN on Ethereum will be paused.

BNB Chain

• Upgrade Time: August 15, 2024, at 1:00 AM UTC
• Temporary Suspension: During this upgrade, staking and redemption of SolvBTC and SolvBTC.BBN on BNB Chainwill be paused.

Arbitrum, Merlin Chain, Avalanche & Mantle

• Upgrade Time: August 16, 2024, at 1:00 AM UTC
• Temporary Suspension: During this upgrade, staking and redemption of SolvBTC and SolvBTC.BBN on Arbitrum, Merlin Chain, Avalanche & Mantle will be paused.

Why We’re Upgrading:

This upgrade will enable SolvBTC.BBN to function more effectively across different networks, unifying liquidity and enhancing the benefits for all users.

Impact on Users:

• Staking and Redemption: Temporarily unavailable during the upgrade periods. The process will be completed within a few hours.
• Other Networks: Not affected.

Thank you for your patience and continued support as we work to make our Bitcoin Reserve more versatile and secure.

Best regards,

The Solv Team

August 10, 2024