Solv Protocol Launches Native Bitcoin Yield via Lightning Network

On July 13, Solv Protocol's BTC+ contract on BNB Smart Chain experienced a security breach when an attacker compromised the deployer private key and upgraded the minting proxy contract to create unauthorized tokens. **Key Details:** - Emergency response completed within 3 hours - All unauthorized BTC+ tokens frozen, burned, or quarantined - Underlying BTC assets remain fully secure - BTC+ acquired through official Solv channels unaffected **Current Status:** - Subscription and redemption temporarily paused - Redemption expected to resume within two weeks - Final security review underway **Security Measures Implemented:** - Deployer security upgraded - All affected access credentials and signing keys rotated - Comprehensive external re-audit initiated - Investigation ongoing with security partners **Important Reminder:** BTC+ has never had an official liquidity pool on any DEX. Users should only acquire and hold BTC+ through [official Solv channels](https://solv.finance/home). A detailed post-mortem report will be published following the investigation.

Solv Protocol has announced a partnership with Ourbit to bring Bitcoin yield opportunities to Ourbit's user base. **Key Details:** - Ourbit users can now earn yield on their BTC holdings through a flexible earn product - Users simply need to park their Bitcoin assets to start generating returns - The integration is live and available immediately This partnership expands Solv Protocol's reach in the Bitcoin yield market, following their previous $6M funding round led by Blockchain Capital in early 2024. That funding was specifically aimed at enabling BTC staking infrastructure and building tools for Bitcoin holders to earn yield on their assets. The collaboration represents another step in making Bitcoin a productive asset beyond simple holding, allowing users to generate passive income while maintaining custody through Ourbit's platform.

Solv Protocol has announced institutional partners for its FROST Multi-Sig governance system, marking a significant step in Bitcoin security infrastructure. **Key Partners Include:** - The Spartan Group - Antalpha Global - Apollo Crypto - Gumi Cryptos - IOSG Ventures - UOB Venture Management **What is FROST?** FROST (Flexible Round-Optimized Schnorr Threshold) is a Bitcoin-compatible threshold signing architecture that enables distributed, institutional-grade custody and governance without modifying Bitcoin's core protocol. **Why This Matters:** The upgrade from SAL to FROST Network provides: - Stronger security through distributed control - Enhanced accountability and auditability - Higher execution scalability - More reliable infrastructure for institutional adoption This partnership brings together established crypto institutions to govern and secure Bitcoin assets through advanced cryptographic methods, making SolvBTC more accessible for DeFi integrations while maintaining institutional-grade security standards. [Read full announcement](https://www.globenewswire.com/news-release/2026/03/27/3264146/0/en/Solv-Names-Insitutional-FROST-Multi-Sig-Partners-Raising-the-Bar-for-Decentralized-Bitcoin-Asset-Governance.html)

Solv Protocol, which operates the largest onchain Bitcoin reserve, has completed a security audit with Offside Labs. The platform has been systematically strengthening its smart contract infrastructure to support secure scaling of operations. **Key Points:** - Audit conducted by Offside Labs for backend smart contracts - Focus on secure and reliable business scaling - Part of ongoing security reinforcement efforts Solv previously worked with Zenith256, a firm that has audited major DeFi protocols including GMX, Jupiter, 1Inch, and Ethena. The protocol specializes in Financial NFTs, with products like Vesting Vouchers that unlock liquidity for locked tokens. Learn more at [solv.finance](https://solv.finance/home)