Bitcoin liquidity protocol Solv Protocol launched the second phase of Babylon's liquidity pledge token SolvBTC.BBN on multiple networks including Ethereum, Arbitrum, BNB Chain and Merlin Chain. After only 31 minutes of launch, the second phase of the minting quota of 500 BTC has been filled and sales have been suspended.
It is understood that SolvBTC.BBN is a liquidity pledge token launched by Solv and Babylon, which enables Bitcoin asset users on different networks to participate in Bitcoin staking by minting SolvBTC.BBN, and obtain liquidity through SolvBTC.BBN, a liquidity pledge token, and obtain more benefits in multiple DeFi ecosystems. Currently, SolvBTC.BBN users can receive 20xp Solv points rewards.