SolvBTC, an interest-bearing Bitcoin asset launched by Solv Protocol, a full-chain basic yield protocol, has been launched on BNB Chain. Users can pledge BTCB to obtain SolvBTC. In addition, Solv will provide additional rewards by launching a two-week points event for BNB Chain users. It is reported that Solv Protocol has reached a cooperation with Antalpha, a digital asset technology service platform, to provide security for user funds.
SolvBTC has been online on Arbitrum and Merlinchain for two weeks, and 7,000 BTC have been pledged. Currently, Solv TVL has reached US$560 million, of which BTC assets are US$490 million.
It is reported that Solv Protocol has received investments from Binance Labs, Blockchain Capital and Nomura Securities.