Solv Protocol Pledges to Cover User Losses After Twitter Hack

**Solv Protocol demonstrates resilience during recent market volatility** The decentralized platform reported **zero liquidations** across all BTC yield vaults during turbulent market conditions. Key highlights: - SolvBTC DEX prices remained stable throughout volatility - Minting and redeeming mechanisms functioned normally - All yield vaults across supported chains stayed operational - Risk management systems performed as designed This follows a previous security incident where a user's wallet was compromised, temporarily affecting SolvBTC.BBN pricing on DEXes. The protocol clarified that **no smart contract vulnerabilities** existed and all funds remained secure. The incident resolution included: - DEX prices quickly repegged to normal levels - Lending operations resumed without issues - Portion of stolen funds frozen on centralized exchanges - Enhanced security reminders issued to users Solv's performance validates its **risk-first architecture** and commitment to asset security during market stress.

**Solv Protocol has activated its Bitcoin DeFi incentives on Starknet**, marking a significant expansion in cross-chain Bitcoin utility. **Key Details:** - 100M $STRK tokens allocated over 6 months for BTCFi Season - Users can earn rewards through SolvBTC and xsBTC activities - Multiple earning opportunities across Ekubo Protocol and Vesu **Available Strategies:** - Provide liquidity to SolvBTC/WBTC pools - Loop liquidity between xsBTC/SolvBTC - Supply assets on money markets - Borrow against Bitcoin positions **Weekly reward claims** are available through participating protocols. Solv continues expanding its Bitcoin DeFi ecosystem integration, with hints at additional blockchain partnerships coming soon. The initiative aims to make Bitcoin more productive across Web3 DeFi protocols while maintaining security and liquidity.

**Solv Protocol** has achieved significant milestone with **30-day protocol revenue reaching nearly 20 BTC** (approximately $2.4 million). The decentralized platform specializes in creating and trading **Financial NFTs**, with their flagship product being Vesting Vouchers - fractionalized NFTs that represent locked vesting tokens. **Key benefits:** - Releases liquidity from locked tokens - Enables fundraising opportunities - Supports community building initiatives - Facilitates token liquidity management Solv's roadmap includes expanding beyond Vesting Vouchers to offer various **Financial Transaction Vouchers (FTVs)** representing: - Lock-up allocations - Convertible bonds - Accounts receivable - Other financial instruments The protocol aims to become the **first and largest on-chain marketplace** for all financial NFTs, positioning itself at the intersection of DeFi and NFT innovation.

SolvBTC.AVAX has achieved a significant milestone by surpassing $20M in Total Value Locked (TVL), indicating growing momentum on the Avalanche network. Key highlights: - Access to tokenized RWA-backed yields from Blackrock BUIDL fund - Integration with Hamilton Lane SCOPE - Follows 60% TVL growth on SolvBTC.BNB platform Users can now put their BTC to work through the platform at [Solv Finance](https://app.solv.finance/avax?network=avalanche). This development demonstrates increasing adoption of Bitcoin yield opportunities across multiple chains.

Solv Protocol has partnered with AEON to enable Bitcoin-native payments in everyday commerce. Users can now spend SolvBTC, xSolvBTC, and SOLV at over 20M merchants across Southeast Asia and Nigeria, with LATAM expansion planned. Key features: - Integration via AEON Pay Telegram Mini App - Compatible with Bitget, TokenPocket, KuCoin, and Bybit wallets - AI-powered crypto-fiat settlement - No stablecoin or CEX requirements The service is accessible through the [AEON Pay Telegram Mini App](https://t.me/AEON_Pay_bot). Users simply connect their wallet and can pay with Solv assets directly. This follows recent integrations with Chainlink CCIP and AlchemyPay's fiat on-ramp supporting 50+ currencies.