Solv Protocol is a decentralized platform that simplifies Bitcoin staking and enhances Bitcoin’s utility in the DeFi ecosystem. At its core, it operates through two main components:
The Staking Abstraction Layer (SAL) standardizes and automates the Bitcoin staking process, eliminating the complexity of cross-chain transactions. This allows Bitcoin holders to stake their assets without dealing with technical complications.
The platform ensures security through staking validators and Proof of Reserves, with all assets backed 1:1 by Bitcoin or equivalent reserves. Through these features, Solv Protocol aims to unlock the potential of over $1 trillion in Bitcoin assets by making them productive within the DeFi ecosystem.
SolvBTC enables users to transfer Bitcoin assets effortlessly across multiple blockchain networks including Ethereum, BNB Chain, Avalanche, Arbitrum, Base, and Mantle. This eliminates the traditional barriers of fragmented liquidity across different wrapped Bitcoin solutions.
Through integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP), SolvBTC facilitates fast and secure transfers with minimal transaction fees. This technological implementation ensures efficient liquidity flow without the typical delays associated with cross-chain operations.
Users can actively engage in various DeFi activities while maintaining their Bitcoin exposure:
The protocol eliminates traditional lock-up periods, allowing users to maintain constant access to their assets while participating in DeFi activities. This feature enables Bitcoin holders to maximize their capital efficiency while retaining the flexibility to manage their positions across different blockchain ecosystems.
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Stablecoins
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Misc.
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Core Tech StackSegWit, a 2017 Bitcoin upgrade, tackles transaction malleability, enlarges block size, and sets the stage for future enhancements like Taproot.
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AppchainsDEFI, hOHM
Lending & Borrowing