Solv Protocol and GMX launch strategic cooperation to jointly promote the development of BTCFi

SolvBTC, the interest-bearing Bitcoin asset launched by Solv, has been logged into multiple networks such as Arbitrum, BNB Chain, and Merlin Chain, with more than 3,140 BTC pledged and a total BTC locked value of more than $220 million. As the market's leading Perp DEX protocol, GMX is an important source of income for Solv Protocol platform trading strategies. Solv has established 6 trading strategy machine gun pools based on GMX, with an AUM of more than $100 million, creating more than $5 million in income, and providing a lot of liquidity for GMX. The strategic cooperation between the two parties aims to create a Bitcoin income ecosystem with SolvBTC as the core on Arbitrum, promote the economic stability and active trading of GMX, and provide asset interest-bearing services and more income opportunities for more Bitcoin users. A Token Swap proposal has been launched to consolidate a long-term partnership. Solv Protocol's investors include well-known institutions Binance Labs, Blockchain Capital and Nomura Securities.