{"id":28221,"date":"2024-03-26T12:30:18","date_gmt":"2024-03-26T12:30:18","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solv-protocol-launches-first-omnichain-yield-bearing-token-for-btc\/"},"modified":"2024-03-26T12:30:18","modified_gmt":"2024-03-26T12:30:18","slug":"solv-protocol-launches-first-omnichain-yield-bearing-token-for-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solv-protocol-launches-first-omnichain-yield-bearing-token-for-btc\/","title":{"rendered":"Solv Protocol launches first omnichain yield-bearing token for BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-btc-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-btc-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-btc-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2024\/03\/bitcoin-btc-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">SolvBTC will catalyse further growth for the burgeoning Bitcoin DeFi ecosystem, Solv said in a press release.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Initial launch will be across Ethereum, Arbitrum, BNB Chain and Merlin Chain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Solv, an on-chain fund platform that offers native yield strategies across the blockchain ecosystem, has launched the first yield-bearing <a href=\"https:\/\/coinjournal.net\/news\/tag\/btc\/\">BTC token<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SolvBTC is an omnichain yield-bearing token that benefits from a diverse delta-neutral portfolio and will provide BTC-based yield of between 5-10%. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Solv, which provides asset-yield for over 35,000 DeFi users, shared the news in a press release shared with CoinJournal on Tuesday.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">SolvBTC to boost Bitcoin DeFi ecosystem<\/span><\/h2>\n<p><span style=\"font-weight: 400\">The new BTC-based token provides both exposure to <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\">Bitcoin<\/a> as well as the benefits of holding a yield-bearing asset.<\/span><\/p>\n<p><span style=\"font-weight: 400\">How does this work? <\/span><\/p>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/solv.finance\/\" target=\"_blank\" rel=\"nofollow noopener\">Solv<\/a>, the omnichain token taps into a secure Trading Strategy Vault, with delta-neutral strategies executed across top DeFi protocols like GMX, Curve, and Aave.<\/span><\/p>\n<p><span style=\"font-weight: 400\"> SolvBTC integrates into DeFi protocols to allow for the creation of new unique products around it, with more upside for yield possible.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The team at Solv believes SolvBTC will help transform the Bitcoin ecosystem. Specifically, it\u2019s now possible for BTC worth billions of dollars to explore opportunities in the <a href=\"https:\/\/coinjournal.net\/news\/tag\/defi\/\">DeFi space<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">SolvBTC will initially go live on Ethereum, Arbitrum, BNB Chain, and Merlin Chain. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Future expansions are targeted across the blockchain ecosystem as the protocol looks to unlock earn opportunities for native yield for more users.\u00a0<\/span><span style=\"font-weight: 400\">Solv says its users have earned more than $6.7 million in real yield so far.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As part of its plans to boost adoption and expand Bitcoin DeFi, Solv will launch a rewards system where early SolvBTC users earn points.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solv, which is also backed by Binance Labs, raised $6 million in a funding round led by Nomura in August last year.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/solv-protocol-launches-first-omnichain-yield-bearing-token-for-btc\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Alt Coin News and Cryptocurrency Comparison ) SolvBTC will catalyse further growth for the burgeoning Bitcoin DeFi ecosystem, Solv said in a press release. Initial launch will be across Ethereum, Arbitrum, BNB Chain and Merlin Chain. Solv, an on-chain fund platform that offers native yield strategies across [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":28222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28221"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=28221"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/28221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/28222"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=28221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=28221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=28221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}