Solv Protocol, the leading DeFi platform providing liquidity and yield opportunities across major assets, has announced a landmark integration with Ethena. This partnership represents a significant step in bringing robust yield-earning opportunities to Bitcoin-based assets, which have historically lagged behind Ethereum and other EVM-compatible chains in this regard.
Through the partnership, Solv Protocol will launch the ‘SolvBTC Yield Vault – Ethena’ in its yield market, enabling users to deposit SolvBTC and earn yields from Ethena’s strategies while maintaining exposure to Bitcoin. Yields will be distributed in Bitcoin, which generates returns through delta-neutral arbitrage, along with sats incentive from Ethena. Vault depositors can also continue to earn Solv Points, providing them with multiple sources of earnings.
The SolvBTC Yield Vault – Ethena’ represents the first of many collaborations planned by Solv Protocol to introduce fresh yield sources and strategies to the expanding SolvBTC ecosystem.
Backed by prominent investors like Blockchain Capital, Binance Labs, and Laser Digital, Solv Protocol has successfully achieved many significant milestones, boasting a total value locked (TVL) of over $1.1 billion, ranking it in the top 32 protocols on DefiLlama across all chains. Over 15,000 BTC has been put to work earning yield on Solv, equivalent to over $1 billion at today’s prices.
Meanwhile, Ethena’s TVL stands at $2.75 billion. Ethena is described as a next-generation DeFi protocol that enhances yield optimization and simplifies the DeFi experience.The platform is built for yield farmers, liquidity farmers, and all DeFi users looking to make the most of their capital.
About Solv Protocol:
Solv Protocol is a revolutionary yield aggregation and liquidity platform that tokenizes and consolidates high-quality yields from various sources. At the core of Solv’s offering is the creation of “Liquid Yield Tokens,” which unlock new earning opportunities across the blockchain ecosystem.
The flagship product, SolvBTC, empowers users to seamlessly participate in the growing “BTCFi” space, serving as the key to unlocking Bitcoin-powered DeFi on every chain.
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ContactEthean YuEthean@Solv.finance
This article was originally published on Chainwire
Source: Cryptocurrency - investing.com
