Solv Protocol Launches Secure Exchange Rate Feed for SolvBTC
Solv Protocol Launches Secure Exchange Rate Feed for SolvBTC
🔒 SolvBTC Gets Upgrade
Solv Protocol partnered with Chainlink to launch a new Secure Exchange Rate feed for SolvBTC on Ethereum, powered by Chainlink Proof of Reserve.
Key Features:
- Embeds verified BTC reserves data directly into pricing logic
- Provides tamper-resistant redemption rates for wrapped BTC
- Enables secure collateral pricing for DeFi protocols like Aave
Enhanced Security: Solv will also use Chainlink's Secure Mint feature to ensure SolvBTC tokens can only be minted when sufficient BTC reserves exist to maintain 1-to-1 backing.
This integration delivers improved transparency and security for wrapped Bitcoin assets in DeFi lending markets.
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Solv Protocol (@SolvProtocol) collaborated with Chainlink to introduce a new Secure Exchange Rate feed for SolvBTC on @Ethereum, powered by Chainlink Proof of Reserve. mirror.xyz/0xD985841Ccc5e… By embedding verified BTC reserves data directly into its pricing logic, SolvBTC is
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