SolvBTC On Venus

Venus Added SolvBTC to BNBChain Core Pool: Unlocking New Opportunities for Bitcoin Holders

This integration brings Bitcoin-powered finance to the next level on BNBChain, allowing users to leverage their BTC holdings like never before

Let’s dive into the details together 👇

About SolvBTC

SolvBTC, is a token representation of Bitcoin kept in Solv’s Bitcoin Reserves(the Initial Reserves includes BTCB & native BTC only), where it allows Bitcoin liquidity to seamlessly flow across various chains, breaking down inter-chain barriers and providing crucial liquidity infrastructure for the entire Bitcoin-powered finance (BTCFi) ecosystem.

Deployed on more than five major networks like Bitcoin mainnet, Ethereum mainnet, BNB Chain, SolvBTC is a key liquidity provider with over 18,000 BTC kept in reserves.

What Does Added SolvBTC On Venus Mean for SolvBTC Holders?

With SolvBTC now integrated into the Venus Protocol, users can enjoy a seamless lending and borrowing experience, backed by one of the most secure Bitcoin yield systems available. By adding SolvBTC to Venus’s Core Pool, SolvBTC holders are able to extract additional value by leveraging their assets as collateral in the decentralized money market on the BNB Chain.

Key Benefits:

Efficient and Low-Cost Transactions: Benefit from Venus’ high-speed, low-fee network, offering an optimized user experience.

Lend and Borrow: SolvBTC holders can now lend their tokens to earn interest or borrow against their SolvBTC, unlocking liquidity without selling their assets.

Collateralized Loans: Access a wide range of assets by using your SolvBTC as collateral within the Venus ecosystem, all while maintaining exposure to Bitcoin’s long-term value.

Key Metrics:

SolvBTC will boost Venus’s liquidity and trading volumes, due to the various yield opportunities built upon the SolvBTC ecosystem, including Solv XP, DeFi yields & also points farming on some of the most popular L2s.

• Enhanced liquidity across the BTCFi ecosystem • Daily 10 XP/$1 rewards through Solv Points • Access to innovative DeFi strategies for BTC holders

DeFi Strategies: Support from Venus will foster the development of new DeFi strategies for BTCB and SolvBTC, increasing demand for both supplying and borrowing BTCB. Similar cases can already be seen on other L2s, where users lend their SolvBTC.BBN (LST built on top of SolvBTC), to borrow more SolvBTC to leverage farm Solv XP and other kind of yields. This resulted in higher protocol fees for those lending protocols due to higher borrowing rates.

Solv Points Incentives: Lending SolvBTC – 10 XP/$1 per day, the highest offer across multiple chains.

Community campaign to distribute more XP Boosting cards to Venus users.

Solv Points System Portal: app.solv.finance/points

Start Supplying and Borrowing SolvBTC now on Venus Protocol: