Alisa Davidson
Printed: February 21, 2025 at 10:23 am Up to date: February 21, 2025 at 10:23 am
Edited and fact-checked:
February 21, 2025 at 10:23 am
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Solv Protocol has unveiled SolvBTC.BNB, enabling customers to entry Binance Launchpool yields and earn rewards denominated in BTC with out having to promote their Bitcoin.
Bitcoin staking platform, Solv Protocol has unveiled its new product, SolvBTC.BNB, which permits Bitcoin holders to realize entry to unique Binance Launchpool yields. This revolutionary providing allows customers to earn rewards denominated in BTC with out having to promote their Bitcoin.
The launch of SolvBTC.BNB was made doable by means of a partnership with Astherus, with robust collaboration from Lista DAO, Venus, and PancakeSwap. By using Astherus’ superior yield methods, the initiative ensures easy integration of Bitcoin into the BNB Chain’s main DeFi protocols, connecting BTC liquidity to among the most worthwhile yield alternatives on the chain.
BNB Chain has been a dynamic participant within the decentralized finance (DeFi) area, however to really harness its potential, the ecosystem requires deep liquidity, lively person engagement, and new revolutionary use instances. SolvBTC.BNB addresses this want by bringing Bitcoin liquidity to the BNB Chain, connecting it to the chain’s most profitable yield alternatives. This strategy creates mutual advantages for each Bitcoin holders and the broader BNB DeFi ecosystem.
SolvBTC.BNB opens up Binance Launchpool returns—beforehand unique to BNB stakers—to Bitcoin holders. By using BNB Chain’s scalability and liquidity, the platform accelerates the adoption of BTCFi. The answer additionally permits Bitcoin for use as collateral inside BNB Chain’s DeFi ecosystem, maximizing yields and boosting exercise throughout lending markets, liquidity swimming pools, and yield methods.
SolvBTC.BNB: Unlocking New Yield Alternatives
By this integration, SolvBTC.BNB ensures Bitcoin holders can put their property to work whereas contributing to the strengthening of the general ecosystem.
SolvBTC.BNB employs a multi-layered yield technique, seamlessly connecting with numerous BNB Chain protocols to generate returns. The method works as follows: first, BTC is deposited into Venus as collateral, then BNB is borrowed towards it. This BNB is transformed into slisBNB by way of ListaDAO, and additional into asBNB by means of Astherus. This structured strategy permits Bitcoin holders to learn from Binance Launchpool rewards whereas remaining totally uncovered to Bitcoin.
With SolvBTC.BNB, Bitcoin holders acquire direct entry to Binance Launchpool rewards and the perfect DeFi alternatives on BNB Chain. Bitcoin isn’t just held however actively working throughout the ecosystem.
Since its launch in April 2024, Solv Protocol has efficiently linked each particular person and institutional traders to a liquidity community, providing options like delta-neutral methods, yield enhancement, and structured merchandise. With over 25,000 BTC deposited into SolvBTC, the protocol has rapidly grown to change into one of many fastest-growing Bitcoin holdings in DeFi.
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About The Creator
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
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Alisa Davidson
Alisa, a devoted journalist on the MPost, makes a speciality of cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a eager eye for rising traits and applied sciences, she delivers complete protection to tell and have interaction readers within the ever-evolving panorama of digital finance.
Extra articles
