Singapore, Singapore, April fifth, 2024, Chainwire
Solv Protocol, the main native yield platform that tokenizes and aggregates yields from numerous sources, is launching its new level system. The system will go reside on April 5, and is designed to reward customers investing in Solv vaults like SolvBTC, the platform’s native yield resolution for Bitcoin.
The Solv level system introduces a dynamic approach for customers to earn rewards primarily based on their funding actions. Those that stake in Solv vaults will accrue factors proportionate to their staked quantities.
Moreover, the system incorporates a referral program, enabling customers to invite family and friends to take part. All earned factors can be utilized to obtain future Solv airdrops, fostering enhanced engagement and permitting customers to actively contribute to the protocol’s progress and success.
Backed by Blockchain Capital, Binance, Nomura, and different distinguished traders, Solv Protocol presently boasts a Complete Worth Locked (TVL) of over $202 million since its launch within the second quarter of final yr. The current introduction of SolvBTC, the world’s first-ever yield-bearing Bitcoin, underscores Solv’s dedication to constructing an important liquidity layer that empowers the huge BTCFi ecosystem. SolvBTC is already out there on Ethereum mainnet, Arbitrum, BNB Chain, Merlin Chain, and different networks. Greater than 2,000 BTC is now entrusted with Solv.
The $SOLV token will function the governance token for Solv Protocol, giving $SOLV holders the chance to take part in asset and useful resource choice, in addition to acquire extra governance-related advantages and rewards.
With the launch of the brand new level system and the continued success of SolvBTC, Solv Protocol continues to solidify its place as an important liquidity layer throughout the DeFi panorama. This thrilling growth marks one more vital milestone in Solv’s journey in direction of empowering customers and revolutionizing the world of DeFi asset administration.
About Solv Protocol
Solv Protocol is a local yield platform and unified liquidity gateway that tokenizes and aggregates high-quality yields from varied sources. With core property like SolvBTC, SolvUSD, and SolvETH, the protocol serves as an important liquidity layer throughout ecosystems. Solv Protocol is backed by distinguished traders together with Binance Labs and Blockchain Capital, and audited by Quantstamp, Certik, and others. The protocol’s maiden product, SolvBTC, addresses a major hole within the Bitcoin ecosystem by offering a local yield resolution that provides BTC holders unprecedented alternatives for progress and participation.
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Ethean Yu
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