Question 1

What is Solv Protocol (SOLV)?

Accepted Answer

Solv Protocol is a decentralised finance (DeFi) platform designed to unlock the full potential of Bitcoin by integrating it into the DeFi ecosystem. The protocol functions as an on-chain Bitcoin Reserve, enabling Bitcoin holders to earn yield without sacrificing liquidity. Through its products like **SolvBTC**, **Liquid Staking Tokens (LSTs)**, and the **Staking Abstraction Layer (SAL)**, Solv allows users to stake Bitcoin and participate in DeFi activities across multiple blockchain networks.

SolvBTC is a Bitcoin-backed token with a transparent Proof-of-Reserve system, ensuring that every SolvBTC token is backed 1:1 by Bitcoin or trusted wrapped Bitcoin assets. Solv Protocol facilitates cross-chain liquidity, connecting Bitcoin with DeFi applications on Ethereum, BNB Chain, Arbitrum, Avalanche, and other networks.

Security is a priority for Solv Protocol, with audits conducted by firms like **Quantstamp**, **Certik**, **SlowMist**, **Salus**, and **Secbit**.

Question 2

What is Solv Protocol (SOLV) used for?

Accepted Answer

The **SOLV** token is the native utility token of Solv Protocol and serves several core functions:

1. **Governance:** SOLV holders can participate in network governance by voting on proposals that shape the development and operation of the protocol.  
2. **Staking:** Users can stake SOLV to earn protocol emissions through the Staking Abstraction Layer.  
3. **Fee Discounts:** SOLV token holders can access fee discounts on services within Solv Protocol, such as reduced redemption fees for SolvBTC.

Additionally, the SOLV token is involved in the **Bitcoin Reserve Offering (BRO)**, where new tokens are minted and sold as convertible notes to acquire Bitcoin for the protocol’s reserves. This process is designed to expand Solv's Bitcoin holdings and grow its ecosystem.

Question 3

Who created Solv Protocol (SOLV)?

Accepted Answer

Solv Protocol was co-founded by:

- **Ryan Chow** – Chief Executive Officer (CEO)  
- **Meng Yan** – Co-founder  
- **Will Wang** – Chief Technology Officer (CTO) and Chief Architect

These founders led the development of Solv Protocol, focusing on integrating Bitcoin into the decentralised finance (DeFi) space. The project has secured investment from prominent firms, including **Binance Labs**, **Blockchain Capital**, **Laser Digital**, and **OKX Ventures**.

The protocol operates with decentralised governance through the **Solv DAO**, where SOLV token holders influence the platform's strategic direction. Governance decisions are executed via smart contracts deployed on the Binance Smart Chain, providing a transparent and community-driven decision-making process.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	SOLV-USDT SOLVUSDT	binance	AA	0.004240USDT	0.24%	96,517,859.00SOLV	5,879	0.004230USDT	0.004320USDT
2	SOLV-TRY SOLVTRY	binance	AA	0.2080TRY	-0.48%	32,854,229.00SOLV	424	0.2090TRY	0.2120TRY
3	SOLV-USDT SOLVUSDT_SPBL	bitget	BB	0.004225USDT	-0.14%	4,904,604.41SOLV	579	0.004231USDT	0.004294USDT
4	SOLV-USDC SOLVUSDC	binance	AA	0.004230USDC	-0.47%	3,717,537.00SOLV	244	0.004250USDC	0.004320USDC
5	SOLV-USDT SOLVUSDT	bybit	A	0.004225USDT	-0.19%	3,325,430.50SOLV	628	0.004233USDT	0.004320USDT
6	SOLV-USD SOLVUSD	kraken	AA	0.004230USD	0.00%	1,442,383.88SOLV	34	0.004230USD	0.004290USD
7	SOLV-USDT SOLV_USDT	gateio	A	0.004224USDT	-0.28%	844,503.00SOLV	148	0.004236USDT	0.004300USDT
8	SOLV-EUR SOLVEUR	kraken	AA	0.003750EUR	0.54%	205,153.27SOLV	10	0.003730EUR	0.003810EUR
9	SOLV-USDT SOLV-USDT	kucoin	BB	0.004240USDT	0.00%	199,712.80SOLV	38	0.004240USDT	0.004310USDT
10	SOLV-USDT solv_usdt	lbank	C	0.004232USDT	-0.14%	406,907,245.51SOLV	83,725	0.004238USDT	0.004312USDT
11	SOLV-USD SOLV-USD	btse	-	0.004217USD	-0.12%	50,147,969.80SOLV	39,062	0.004222USD	0.004330USD
12	SOLV-USDT solv_usdt	xtpub	-	0.004230USDT	0.00%	48,263,821.00SOLV	616	0.004230USDT	0.004310USDT
13	SOLV-USDT SOLVUSDT	bitrue	D	0.004300USDT	-2.27%	39,714,343.21SOLV	24,853	0.004400USDT	0.004500USDT
14	SOLV-USDT SOLV_USDT	coinw	-	0.004234USDT	0.14%	26,496,619.00SOLV	1,539	0.004228USDT	0.004306USDT
15	SOLV-USDT SOLVUSDT	toobit	C	0.004230USDT	0.24%	21,781,161.00SOLV	4,626	0.004220USDT	0.004320USDT
16	SOLV-USDT SOLV_USDT	bitunix	C	0.004230USDT	0.00%	18,101,325.00SOLV	6,198	0.004230USDT	0.004310USDT
17	SOLV-USDT SOLVUSDT	mexc	C	0.004233USDT	-0.02%	13,648,510.45SOLV	3,138	0.004234USDT	0.004311USDT
18	SOLV-KRW SOLV_KRW	bithumbkorea	-	5.68KRW	0.04%	3,881,772.27SOLV	155	5.68KRW	5.78KRW
19	SOLV-EUR SOLV-EUR	bitvavo	B	0.003780EUR	0.66%	3,347,393.58SOLV	83	0.003756EUR	0.003824EUR
20	SOLV-USDT solv_usdt	digifinex	D	0.004240USDT	0.00%	2,812,387.06SOLV	760	0.004240USDT	0.004300USDT
21	SOLV-USDT SOLV_USDT	cryptology	D	0.004230USDT	-0.12%	1,944,835.52SOLV	510	0.004235USDT	0.004315USDT
22	SOLV-USDT SOLV-USDT	btse	-	0.004220USDT	-0.71%	608,228.40SOLV	1,824	0.004250USDT	0.004321USDT
23	SOLV-USDT SOLV-USDT	bingx	D	0.005690USDT	0.00%	0SOLV	0	0.005690USDT	0.005690USDT
24	SOLV-IDR solvidr	indodax	E	74.95IDR	-1.39%	453,033.00SOLV	18	76.00IDR	76.63IDR
25	SOLV-USDT solvusdt	huobipro	C	0.004200USDT	-0.94%	150,484.56SOLV	25	0.004240USDT	0.004310USDT
26	SOLV-USDC SOLV-USDC	btse	-	0.004220USDC	-0.24%	56,184.60SOLV	1,389	0.004230USDC	0.004310USDC
27	SOLV-USDC SOLVUSDC	hyperliquid	-	0.004248USDC	0.66%	23,620.26SOLV	2	0.004220USDC	0.004286USDC
28	SOLV-INR SOLVINR	coindcx	-	0.4253INR	1.26%	24,848.06SOLV	16	0.4200INR	0.4292INR
29	SOLV-BRL solvbrl	foxbit	-	0.02099BRL	-5.48%	19,675.34SOLV	3	0.02221BRL	0.02233BRL
30	SOLV-USDT SOLVUSDT	coinex	C	0.004214USDT	0.00%	0SOLV	0	0.004214USDT	0.004214USDT
31	SOLV-KRW SOLV_KRW	coinone	C	5.71KRW	-0.78%	2,542.87SOLV	1	5.76KRW	5.76KRW
32	SOLV-USDT SOLVUSDT	hitbtc	E	0.004501USDT	0.00%	0SOLV	0	0.004501USDT	0.004501USDT