- Solv Protocol is partnering with Soneium to carry out BTC staking on the Ethereum L2.
- Following the partnership, SolVBTC holders can develop stakes, earn rewards and use superior yield methods.
- Soneium’s $45 million TVL and 47m transactions drive Defi’s progress by way of SolV.
The decentralized fiscal world continues to evolve, and the brand new partnership between the Solv protocol and Soneium is pushing the boundaries of what Bitcoin can obtain. The collaboration, introduced on March 6, 2025, brings Bitcoin staking to Soneium, the Ethereum Layer 2 blockchain supported by the Sony Group in Japan.
By integrating these two platforms, customers can now discover contemporary alternatives and earn rewards, leveraging cross-chain liquidity to mix Bitcoin stability with Ethereum’s huge default ecosystem.
Solv Protocol, a platform devoted to Bitcoin staking, is on the coronary heart of this growth. This permits customers to deposit Bitcoin and obtain SolVBTC.
Via this partnership, SolVBTC holders will guess their belongings on Soneum, opening the door to passive earnings whereas sustaining Bitcoin’s core worth proposal. The transfer displays the expansion traits of buyers who’re in search of methods to make Bitcoin tougher than merely holding or buying and selling it.
Improve the downsides of Bitcoin
An excellent function of this collaboration is the introduction of SolVBTC liquid staking tokens, or SolVBTC.LST. These tokens allow superior yield methods and permit Bitcoin customers to extend their funding flexibility and scalability.
With this setup, staking is greater than only a technique to earn rewards. It transforms right into a software to unlock refined monetary alternatives throughout a number of blockchains. The partnership leverages Solv’s modern staking abstraction layer. It is a system designed to simplify the staking course of throughout quite a lot of networks.
This layer of abstraction is a sport changer for Bitcoin holders. In lots of instances, it lowers the technical obstacles that forestall customers from taking part in DEFI, making it simpler to get into distributed functions.
By bridging Bitcoin (BTC) to Soneium, the Solv protocol can successfully lengthen the utility of cryptocurrencies and play a extra lively position within the quickly rising world of decentralized finance.
Particularly, the timing of this partnership won’t enhance. With Bitcoin staking turning into in style, extra buyers are in search of methods to generate passive earnings from their holdings. Solv Protocol and Soneium meet this demand head on, providing each accessible and forward-thinking options.
Particulars on future plans stay underneath the wrap, however each groups counsel further improvements forward, indicating that that is only the start of a deeper integration of Bitcoin into defi.
Sonium’s defi new star
Launched in August 2024 by Sony Block Options Labs and web3 firm Startale, Soneium rapidly acquired its title. Constructed as a high-performance Ethereum Layer 2 resolution, it’s designed to boost artistic and environment friendly distributed functions.
As of March 6, 2025, the community boasts a locked complete of $63.16 million throughout 19 Dapps. That fast progress is clear within the 47 million transactions processed and 4 million lively addresses attracted in only a few months.
The platform hosts among the most dynamic Defi initiatives within the house, together with distributed exchanges corresponding to Kyo Finance, Velodrome, and Sonex.
Soneium’s infrastructure is tailor-made to deal with the most recent Defi requests, providing velocity and scalability that enhances Solv Protocol’s ambitions. Collectively, we’re creating an atmosphere the place Bitcoin customers can seamlessly combine with cutting-edge monetary instruments.
(TagStoTRASSLATE) Market (T) Bitcoin Information (T) Cryptocurrency Information