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crypto.news 2025-01-13 18:14:42

Solv Protocol announces solvBTC. BERA to power BTC yield on Berachain

Solv Protocol announces solvBTC. BERA to power BTC yield on Berachain

Binance-backed Bitcoin staking platform Solv Protocol has introduced the SolvBTC.BERA vault as it looks to unlock the yield-generation market on Berachain. Solv Protocol announced SolvBTC.BERA on Jan. 13, noting that the deposit vault integrates Bitcoin ( BTC ) holders into Berachain’s decentralized finance ecosystem. The protocol aims to provide fresh yield-generation opportunities for Bitcoin holders on Berachain, an Ethereum Virtual Machine-compatible blockchain that uses a proof-of-liquidity consensus mechanism. Read more: Solv Protocol secures $11m strategic funding to drive BTC staking Users will be able to earn yield on their assets by depositing Bitcoin or Bitcoin-equivalent assets such as SolvBTC, SolvBTC.BBN, wrapped Bitcoin, or Coinbase wrapped Bitcoin into the SolvBTC.BERA vault. The launch opens up multi-layered yield-generation strategies within the Berachain ecosystem. To attract early users, Solv Protocol launched the Boyco pre-deposit campaign, an incentive program that will reward early participants upon launch. Users will see their assets deployed on seven different yield layers. It includes Solv Season 2, Babylon, Berachain rewards, Kodiak, Dolomite and Goldilocks. Kodiak is a liquidity hub on Berachain,while Dolomite is a decentralized money market fund and DEX platform. Notably, funds deposited in SolvBTC.BERA will be subject to a 90-day lockup period starting from the Berachain mainnet launch. Berachain’s ecosystem taps into a tri-token model, with BERA the native gas token and HONEY the native stablecoin. The stablecoin’s issuance fees go to BGT holders – BGT is Berachain’s primary reward and governance token. BERA and HONEY tokens are both tradable. However, BGT is a non-liquid and non-transferable token. You might also like: Binance to list Solv protocol in January

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Loe lahtiütlusest : Kogu meie veebisaidi, hüperlingitud saitide, seotud rakenduste, foorumite, ajaveebide, sotsiaalmeediakontode ja muude platvormide ("Sait") siin esitatud sisu on mõeldud ainult teie üldiseks teabeks, mis on hangitud kolmandate isikute allikatest. Me ei anna meie sisu osas mingeid garantiisid, sealhulgas täpsust ja ajakohastust, kuid mitte ainult. Ükski meie poolt pakutava sisu osa ei kujuta endast finantsnõustamist, õigusnõustamist ega muud nõustamist, mis on mõeldud teie konkreetseks toetumiseks mis tahes eesmärgil. Mis tahes kasutamine või sõltuvus meie sisust on ainuüksi omal vastutusel ja omal äranägemisel. Enne nende kasutamist peate oma teadustööd läbi viima, analüüsima ja kontrollima oma sisu. Kauplemine on väga riskantne tegevus, mis võib põhjustada suuri kahjusid, palun konsulteerige enne oma otsuse langetamist oma finantsnõustajaga. Meie saidi sisu ei tohi olla pakkumine ega pakkumine