New York Metropolis, Might 22, 2024, Chainwire

Solv Protocol, an built-in yield and liquidity layer for main digital belongings, solidifies its place because the thirty second largest decentralized finance (DeFi) protocol in DeFiLlama rankings with over $1 billion in Whole Worth Locked (TVL) Ta.

“Reaching this essential milestone is a testomony to the robust demand for Solv's suite of merchandise and the rising adoption of our flagship SolvBTC product,” stated Ryan, founding father of Solv Protocol. “As the most important protocol within the BTCFi house by TVL, we’re excited to proceed to drive innovation and unlock new alternatives for holders and DeFi members alike.”

SolvBTC is a liquid yield token that tokenizes the trade's highest CeFi and DeFi yields, offering Bitcoin holders with a steady supply of high-quality returns. This multi-chain integration of the protocol additionally permits SolvBTC to extend liquidity for the rising BTCFi ecosystem throughout Layer 1 and Layer 2 networks.

Solv launched SolvBTC on Arbitrum, BNB Chain, and Merlin Chain. The protocol is constructing an ecosystem the place a consumer can bridge his SolvBTC to farm factors for brand spanking new chains' factors applications, corresponding to his 1.5x multiplier on zkLinkNova's aggregation parade. Moreover, Solv has additionally launched the Solv factors system the place customers can trade factors for airdrops of her SOLV tokens to drive engagement.

About Remedy

Solv Protocol is backed by highly effective buyers together with Binance Labs, Blockchain Capital, Laser Digital, and different well-known firms. The protocol has additionally undergone in depth safety audits by main firms corresponding to Quanstamp, Certik, SlowMist, Salus, and Secbit.

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

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contactYitian Yu[email protected]

This text was first revealed on Chainwire