🚀 Stay Ahead with AltcoinDaily.co! 🌐 Solv Protocol has rolled out a new staking token, SolvBTC.JUP, on the Solana blockchain, aiming to attract Bitcoin holders looking for lucrative yield opportunities. In an interview on October 17, Solv shared insights into their latest offering, a liquid staking derivative (LSD) designed to generate BTC-denominated returns. The token’s…
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, including Laser Digital, Blockchain Capital, and…
Solv Protocol’s TVL on the Bitcoin mainnet surpassed $470 million, outpacing the Lightning Network’s $310 million. SolvBTC integrates Bitcoin into DeFi, enabling holders to earn yield while maintaining exposure to Bitcoin’s value. Solv Protocol has achieved a critical milestone in the Bitcoin staking ecosystem by exceeding $470 million in Total Value Locked (TVL) on the…
Solv Protocol generated $1.48 million in fees within 24 hours, surpassing major DeFi platforms like Solana and Uniswap. Solv Protocol’s TVL reached $1.4 billion, positioning it as the top protocol in the Bitcoin Finance ecosystem. Generating $1.48 million in protocol fees in just 24 hours is an amazing achievement for Bitcoin staking platform Solv Protocol….