The staking protocol introduces Bitcoin to DeFi, providing greater economic opportunities for BTC holders across the entire omnichain landscape.
Decentralized finance protocol Solv, which helps unlock native yields for multiple blockchains, has announced the launch of SolvBTC, the first yield-bearing BTC token for the omnichain landscape. The latest BTC-based asset will be backed by a diverse delta-neutral portfolio, allowing holders to earn a yield of 5% to 10% in BTC.
SolvBTC joins a list of other assets such as Ethereum and stablecoins on Solv, bringing the total amount of assets staked on the platform to $162 million in crypto assets. Solv team members believe the latest product offers a “major breakthrough for the Bitcoin ecosystem”, allowing holders to earn yields in the DeFi realm, where they previously could not.
As an omnichain token, SolvBTC will be accessible on several blockchains, starting with Ethereum Layer 2 chain Arbitrum, BNB Chain, Ethereum and
We współpracy z: https://cryptodaily.co.uk/2024/03/solv-launches-native-btc-yield-generating-product-solvbtc
