Solv Protocol is an on-chain Bitcoin reserve platform designed to integrate Bitcoin into decentralised finance (DeFi) ecosystems. By leveraging its unique Staking Abstraction Layer, Solv enables users to unlock the potential of Bitcoin as a yield-generating asset without sacrificing liquidity. The protocol utilises SolvBTC and SolvBTC Liquid Staking Tokens (LSTs) to unify fragmented Bitcoin liquidity across chains and provide access to diverse DeFi opportunities.

SolvBTC is backed 1:1 by native Bitcoin or trusted wrapped Bitcoin assets, ensuring security and transparency through a Proof-of-Reserve (PoR) system. The platform works with both retail and institutional users, enabling seamless participation in DeFi across multiple blockchains such as Ethereum, BNB Chain, Arbitrum, and others.

SolvBTC LSTs are tokens designed to enhance the utility of staked Bitcoin while maintaining liquidity. These tokens allow Bitcoin holders to stake their assets, earning yields while still being able to utilise their holdings across DeFi platforms.

There are two main types of SolvBTC LSTs:

1. Pegged LSTs: Maintain a 1:1 peg to Bitcoin, enabling seamless transfers across blockchains while preserving liquidity.
2. Yield-Bearing LSTs: Accrue staking rewards over time, offering long-term earning potential while maintaining the flexibility to participate in DeFi ecosystems.

Examples of SolvBTC LSTs include:

• SolvBTC.BBN: A pegged LST representing Bitcoin staked in the Babylon ecosystem to secure Proof-of-Stake networks.
• SolvBTC.CORE: A pegged LST for staking Bitcoin in the CoreDAO ecosystem, generating yields in CORE tokens.
• SolvBTC.ENA: A yield-bearing LST leveraging a basis trade strategy within the Ethena ecosystem to generate returns.

These tokens are interoperable across multiple blockchains and provide opportunities for yield generation, liquidity provision, and participation in DeFi applications.

SolvBTC.CORE is a Liquid Staking Token (LST) that represents staked Bitcoin within the Core Network. Each SolvBTC.CORE token is pegged 1:1 with Bitcoin, ensuring the value of the original Bitcoin is preserved while earning staking rewards.

Holders of SolvBTC.CORE earn up to 4% annual returns in CORE tokens by staking their Bitcoin to secure the Core Network. Additionally, users can participate in DeFi applications on the Core Network, unlocking further yield opportunities with returns of up to 10% through the Core Ignition Drop.

Key Points About SolvBTC.CORE:

• Earn Yields in CORE Tokens: Secure the Core Network by staking Bitcoin and earn up to 4% annual yield in CORE tokens.
• DeFi Participation: Maintain liquidity while accessing DeFi applications with potential yields of up to 10%.
• 1:1 Peg to Bitcoin: Each SolvBTC.CORE is backed 1:1 by Bitcoin, preserving its value while earning rewards.
• Institutional-Grade Security: Assets are safeguarded by Ceffu’s custodial services, ensuring robust protection.
• Reward Distribution: Rewards are distributed monthly in CORE tokens, with a 10% carry fee applied.

SolvBTC.CORE provides multiple applications for Bitcoin holders within the Core Network:

1. Earning Staking Yields: Users earn staking rewards in CORE tokens by securing the Core Network with their Bitcoin.
2. Liquidity Provision: SolvBTC.CORE enables users to provide liquidity and participate in DeFi applications.
3. Additional DeFi Rewards: Users earn further returns of up to 10% APY by participating in Core Ignition Drops and other DeFi opportunities.
4. Maintaining Bitcoin’s Value: Each token is pegged 1:1 to Bitcoin, ensuring that users retain full exposure to the original asset’s value.