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- SolvBTC, Solv Protocol’s key product, offers stable returns by aggregating top yields from CeFi and DeFi.
- Solv Protocol operates SolvBTC on platforms like Arbitrum, BNB Chain, and enhances liquidity across multiple networks.
On May 22, in New York City, Solv Protocol declared that its Total Value Locked (TVL) has surpassed $1 billion, ranking it as the 32nd largest entity in the decentralized finance (DeFi) sector based on DeFiLlama’s rankings.
Ryan, the founder of Solv Protocol, commented, “Achieving this level of TVL confirms the strong market demand for Solv’s product offerings and the increasing use of our primary product, SolvBTC.” The protocol has gained recognition as the leading entity in the Bitcoin finance (BTCFi) sector based on TVL, indicating its growing influence within the industry.
SolvBTC, Solv Protocol’s principal product, is a liquid yield token that captures the highest yields from both centralized finance (CeFi) and decentralized finance (DeFi), offering Bitcoin holders a consistent source of returns. The product’s integration across multiple blockchain networks also serves to increase liquidity in the developing BTCFi ecosystems on both Layer 1 and Layer 2 networks.
Solv Protocol has implemented SolvBTC on various blockchain platforms including Arbitrum, BNB Chain, and Merlin Chain. Additionally, the protocol has created an ecosystem where users can convert SolvBTC into points within new chain points programs, such as receiving a 1.5 times multiplier in zkLinkNova’s Aggregation Parade. Moreover, Solv has introduced the Solv Point System, which enables users to trade points for SOLV token airdrops, promoting user involvement.
Backed by prominent investors such as Binance Labs, Blockchain Capital, and Laser Digital, Solv Protocol demonstrates strong financial support and credibility within the fintech sector. Additionally, it has successfully undergone thorough security evaluations by reputable companies including Quanstamp, Certik, SlowMist, Salus, and Secbit, underscoring its dedication to upholding stringent security protocols.
Solv Protocol continues to advance and broaden its services in the DeFi space, demonstrating a dedication to enhancing the functionality and reach of digital assets through strategic integrations and user-centric services. For additional information about Solv Protocol and its activities, individuals can access their official website at solv.finance.
For more information about Solv Protocol and its products, please visit the official website at solv.finance.
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