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Bitcoin Staking Protocol Solv Integrates Liquid BTC With Solana’s Defi Ecosystem

2024-10-19 by admin Leave a Comment

The Solv Protocol has announced the integration of Liquid Bitcoin (LST) into Solana’s decentralized finance (Defi) ecosystem through its new product, Solvbtc.JUP. This initiative allows Bitcoin holders to participate in yield generation by depositing BTC or Wrapped BTC to mint Solvbtc, which can then be converted into Solvbtc.JUP, representing staked Bitcoin that accrues yield over […]

Solv Protocol Raises $25M in Total Funding to Drive Bitcoin Staking Adoption, Potentially Unlocking $330B in Value

2024-10-15 by admin Leave a Comment

Solv Protocol Raises $ 25M in Total Funding to Drive Bitcoin Staking Adoption, Potentially Unlocking $ 330 Billion in Value

Solv Protocol has raised $ 11 million in a strategic funding round, bringing its total funding to $ 25 million at a valuation of $ 200 million. This capital will advance the company’s mission to revolutionize Bitcoin staking through its Staking Abstraction Layer (SAL). The funding round attracted participation from prominent investors, …