Solv Protocol Expands to Solana with BTC Yield Product

馃尀 BTC Yields Meet Solana

By Solv Protocol
Nov 28, 2024, 2:05 PM
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Photo by Solv Protocol

Solv Protocol has launched SolvBTC.​JUP on Solana, enabling Bitcoin holders to earn BTC-denominated yields through Jupiter Exchange integration.​

Key features:

  • Operates on Solana for low fees and fast transactions
  • Users can deposit BTC/Wrapped BTC to mint SolvBTC
  • Yields generated through Jupiter's liquidity pools with managed risk hedging
  • Maintains Bitcoin exposure while providing liquidity

The protocol is also partnering with Kernel DAO on BNB Chain, offering SolvBTC and SolvBTC LSTs for restaking.​

Next steps: More Solana protocol partnerships planned to expand BTC yield opportunities across DeFi ecosystems.​

Sources

Solv Protocol x @kernel_dao We鈥檙e thrilled to partner with Kernel DAO to bring decentralised security to @BNBCHAIN! With SolvBTC & SolvBTC.LSTs soon available for restaking on Kernel, we're unlocking enhanced yield and liquidity opportunities on BNB. Excited to build a secure,

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KernelDAO
KernelDAO
@kernel_dao

Kernel X @SolvProtocol We're thrilled to bring BTC restaking to BNB Chain with SolvBTC & SolvBTC.LSTs. This integration unlocks new yield potential and security for Kernel users, giving them access to BTC-backed products in DeFi. Stay tuned as we build a secure, multi-asset

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