DeFi
Breakthrough for Solv Protocol: $1B TVL, Now a Top 32 DeFi Player
Solv Protocol, a unified yield and liquidity layer for major digital assets, surpassed $1 billion in total value locked (TVL), cementing its position as the 32nd largest decentralized finance (DeFi) protocol according to DeFiLlama rankings .
New York – May 22, 2024 —
“Achieving this significant milestone is a testament to the strong demand for the Solv product suite and the growing adoption of our flagship SolvBTC offering,” said Ryan, founder of Resolution protocol. “As the largest protocol in the BTCFi space by TVL, we are excited to continue to drive innovation and unlock new opportunities for Bitcoin holders and DeFi participants.”
SolvBTC is a liquid yield token that symbolizes industry-leading CeFi and DeFi yields, providing Bitcoin holders with a stable source of high-quality yields. The protocol’s multi-chain integration also allows SolvBTC to increase liquidity in emerging BTCFi ecosystems on Layer 1 and Layer 2 networks.
Solv launched SolvBTC on Arbitrum, BNB Chain and Merlin Chain. The protocol builds an ecosystem where users can connect SolvBTC to farming points in new chains’ points programs, such as a 1.5x multiplier in zkLinkNova’s Aggregation Parade. Additionally, Solv also introduced the Solv Points system, where users can exchange points for SOLV token airdrops to encourage engagement.
About Solv
Solv Protocol is backed by strong investors including Binance Labs, Blockchain Capital, Laser Digital and other renowned companies. The protocol has also undergone extensive security audits by leading companies such as Quanstamp, Certik, SlowMist, Salus and Secbit.
For more information about Solv Protocol and its products, please visit the official website at solv.finance.
Website | dApp | X | Telegram | Discord | LinkedIn | GitHub
Contact information:
Name: Ethean Yu
E-mail: Send an email
Organization: Solv Finance.
Website: https://solv.finance/
Version number: 89130583
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