ChainCatcher news, the decentralized currency protocol Venus announced that SolvBTC has been included as a core pool asset, making SolvBTC the second Bitcoin asset to enter the Venus core pool after BTCB. SolvBTC is a Bitcoin reserve asset issued by the Bitcoin staking protocol Solv Protocol. Users can use SolvBTC as collateral for lending while maintaining exposure to the long-term value of Bitcoin, further enhancing its liquidity efficiency and expanding its application scenarios.

ChainCatcher news, the OKX Bitcoin DeFi reward event is now live. Users can share a reward of 1600 AVAX tokens (approximately $40,000) by minting BTC.b into SolvBTC. After that, users can stake the minted SolvBTC on Babylon to earn solvBTC.BBN and gain an additional 0.59 SolvBTC (approximately $40,000), while still enjoying AVAX rewards.It is reported that SolvBTC is a universal Bitcoin reserve token designed to unify cross-chain Bitcoin liquidity. It allows Bitcoin holders to use their assets across multiple chains, earn yields, and participate in DeFi protocols while maintaining the liquidity of Bitcoin.

ChainCatcher news, according to CoinDesk, the Bitcoin staking platform Solv Protocol has launched a new Bitcoin staking method for cbBTC holders on Base (cbBTC is the newly launched wrapped Bitcoin by Coinbase, which has been live on Ethereum and Coinbase's Ethereum Layer 2 network Base since last week).According to the Solv team, Solv Protocol allows cbBTC tokens to be minted into SolvBTC, which can further be converted into a new liquid staking token SolvBTC.BBN.

ChainCatcher news, Web3 liquidity infrastructure Solv Protocol announced on X that the details of SolvBTC.BBN's third epoch will be revealed soon.It is reported that SolvBTC.BBN is a new LST for Bitcoin.

ChainCatcher news, according to official information, BTC on different chains can be converted into the multi-chain yield token SolvBTC through the Solv Protocol. Currently, the total market capitalization of SolvBTC has exceeded 1 billion USD (over 15,000 Bitcoins). In the past two weeks, more than 20 DeFi protocols and public chains have announced acceptance of SolvBTC, including the public chains Linea and zklink Nova, which are currently conducting mining activities, both of which have announced that SolvBTC will be added to their whitelist of assets for incentive activities. Users can cross-chain SolvBTC to Linea or zklink Nova to earn reward points. SolvBTC has become one of the Bitcoin assets with the highest consensus in the BTCFi ecosystem, aside from BTC, WBTC, and BTCB.

ChainCatcher news, the decentralized asset management infrastructure Solv Protocol has launched the Solv Points system. Users can earn points by using SolvBTC; the more funds deposited and the longer the holding period, the more points earned.At the same time, users can earn points through referrals, reaching investment thresholds, or participating in community activities. All points earned can be used to receive future Solv airdrops, and the airdrop tokens will be allocated to this points system and early adopters of Solv.