New York, Metropolis, Could twenty second, 2024, Chainwire

Solv Protocol, a unified yield and liquidity layer for main digital belongings, has surpassed $1 billion in Complete Worth Locked (TVL), cementing its place because the thirty second largest decentralized finance (DeFi) protocol in line with DeFiLlama rankings.

“Reaching this significant milestone is a testament to the strong demand for Solv’s suite of products and the growing adoption of our flagship SolvBTC offering,” stated Ryan, founding father of Solv Protocol. “As the largest protocol in the BTCFi space by TVL, we are excited to continue driving innovation and unlocking new opportunities for Bitcoin holders and DeFi participants alike.”

SolvBTC is a liquid yield token that tokenizes the perfect CeFi and DeFi yields within the business, offering Bitcoin holders with a secure supply of high-quality returns. The protocol’s multi-chain integration additionally permits SolvBTC to spice up liquidity in rising BTCFi ecosystems throughout Layer 1 and Layer 2 networks.

Solv has launched SolvBTC on Arbitrum, BNB Chain, and Merlin Chain. The protocol is constructing an ecosystem the place customers can bridge SolvBTC to farm factors in new chains’ factors packages, akin to a 1.5x multiplier in zkLinkNova’s Aggregation Parade. Moreover, Solv has additionally launched the Solv Level System, the place customers can alternate factors for SOLV token airdrops to incentivize engagement.

About Solv

Solv Protocol is backed by sturdy traders, together with Binance Labs, Blockchain Capital, Laser Digital, and different famend companies. The protocol has additionally undergone in depth safety audits by main companies akin to Quanstamp, Certik, SlowMist, Salus, and Secbit.

For extra details about Solv Protocol and its merchandise, please go to the official web site at solv.finance.

Web site | dApp | X | Telegram | Discord | LinkedIn | GitHub 

Contact

Ethean Yu
[email protected]