🚀 Solv Adopts Chainlink CCIP for Largest Cross-Chain Bitcoin Staking Solution
#Solv #Chainlink #CCIP #BitcoinStaking #CrossChain #Interoperability #Ethereum #BNBChain #Arbitrum #Avalanche #LiquidStaking #LST #CryptoNews
According to Foresight News, Bitcoin staking platform Solv has integrated Chainlink's Cross-Chain Interoperability Protocol (CCIP) to launch the industry's largest cross-chain Bitcoin staking solution. This new solution supports SolvBTC and its Liquid Staking Tokens (LST) assets, including SolvBTC.BBN and SolvBTC.ENA, enabling cross-chain interoperability across Ethereum, BNB Chain, Arbitrum, and Avalanche. The platform plans to expand to additional networks in the future.
Currently, the total amount of SolvBTC and its LST products exceeds 20,000 Bitcoins, with over 10,000 Bitcoin assets achieving cross-chain functionality through Solv. This development marks a significant milestone in the evolution of cross-chain Bitcoin staking, providing users with enhanced flexibility and broader network support.#Solv #Chainlink #CCIP #BitcoinStaking #CrossChain #Interoperability #Ethereum #BNBChain #Arbitrum #Avalanche #LiquidStaking #LST #CryptoNews
🚀 Solv Protocol Successfully Deploys On Base Chain
#SolvProtocol #BaseChain #BitcoinStaking #SolvBTC #cbBTC #BabylonStaking #DeFi #LST #Cryptocurrency
According to Foresight News, Bitcoin staking protocol Solv Protocol has announced its successful deployment on the Base chain. Users can now mint SolvBTC using cbBTC, enabling participation in various Bitcoin staking activities, including Babylon staking through SolvBTC.BBN (Babylon LST).
Currently, the total amount of SolvBTC and its LST products has exceeded 20,000 Bitcoins, covering more than 20 public chains and DeFi protocols.#SolvProtocol #BaseChain #BitcoinStaking #SolvBTC #cbBTC #BabylonStaking #DeFi #LST #Cryptocurrency
🚀 Solv Protocol Successfully Deploys On Avalanche
#SolvProtocol #Avalanche #BitcoinStaking #SolvBTC #Chainlink #DeFi #Cryptocurrency #Blockchain #CrossChain #BTC #AVAX
According to Foresight News, Bitcoin staking protocol Solv Protocol has announced its successful deployment on the Avalanche network. Users can now utilize BTC.b to mint SolvBTC. Additionally, SolvBTC and SolvBTC.BBN from other chains can be cross-chained into the AVAX ecosystem via Chainlink CCIP.
Currently, Solv has completed deployments on eight public chains, including Ethereum, BNB Chain, Base, and Arbitrum. The protocol has built a Bitcoin staking ecosystem that spans over 20 public chains and DeFi protocols, offering diversified yield opportunities for Bitcoin assets.#SolvProtocol #Avalanche #BitcoinStaking #SolvBTC #Chainlink #DeFi #Cryptocurrency #Blockchain #CrossChain #BTC #AVAX
🚀 Solv Protocol Introduces Staking Abstraction Layer For Bitcoin
#SolvProtocol #StakingAbstractionLayer #BitcoinStaking #Interoperability #Blockchain #BNBChain #Chainlink #Ceffu
According to PANews, Solv Protocol has announced the launch of its Staking Abstraction Layer (SAL) on the X platform. This new initiative aims to standardize and enhance the interoperability of Bitcoin staking by abstracting the technical differences and operational methods of various staking processes. The goal is to create a scalable Bitcoin staking solution. Initial partners for the SAL launch include BNB Chain, Chainlink, and Ceffu.#SolvProtocol #StakingAbstractionLayer #BitcoinStaking #Interoperability #Blockchain #BNBChain #Chainlink #Ceffu
🚀 Cactus Custody Facilitates $100 Million Bitcoin Staking In Babylon Project
#CactusCustody #BitcoinStaking #BabylonProject #DeFi #InstitutionalInvestors #CactusLink #DigitalAssets #CryptoSecurity #EVM #NonEVM #PublicChains #BTC
According to Foresight News, digital asset custodian Cactus Custody has announced its role in assisting institutional users to stake $100 million worth of Bitcoin in the Babylon project. Utilizing its institutional-grade DeFi connector, Cactus Link, users can complete staking operations through a browser interface without the need for development resources. Cactus Custody emphasized that Cactus Link is equipped with multiple security measures, including transaction pre-validation, staking address pre-verification (or protection), multi-level review, hardware signature review mechanisms, Taproot address whitelisting, and auditor Ukey, to ensure the safety of user assets.
Cactus Link is a DeFi connector compatible with both EVM and non-EVM chains and currently supports over 20 public chains, including Bitcoin, Solana, and Ethereum. Users can access staking services through its browser plugin.#CactusCustody #BitcoinStaking #BabylonProject #DeFi #InstitutionalInvestors #CactusLink #DigitalAssets #CryptoSecurity #EVM #NonEVM #PublicChains #BTC
🚀 Solv Protocol's Bitcoin Staking Product Surpasses $470 Million TVL
#SolvProtocol #BitcoinStaking #TotalValueLocked #DeFi #Staking #SolvBTC #Bitcoin #LightningNetwork #Interoperability #Partnerships
According to Foresight News, data from DefiLlama reveals that the total value locked (TVL) of Solv Protocol's SolvBTC LST product on the Bitcoin mainnet has exceeded $470 million. This achievement places it ahead of the Lightning Network, which has a TVL of $310 million.
Previously, Solv Protocol officially released its staking abstraction layer technology, aimed at enhancing the standardization and interoperability of the Bitcoin staking ecosystem. Currently, Solv has partnered with Babylon, Ethena, and CoreDAO to launch various staking products, including SolvBTC.BBN, SolvBTC.ENA, and SolvBTC.Core. The protocol plans to introduce more Bitcoin staking products in the future.#SolvProtocol #BitcoinStaking #TotalValueLocked #DeFi #Staking #SolvBTC #Bitcoin #LightningNetwork #Interoperability #Partnerships
🚀 Core Foundation Launches Developer Incentive Program Core Commit
#CoreFoundation #DeveloperIncentive #CoreCommit #BitcoinStaking #BTCFi #DeveloperCommunity #ForesightVentures #Google #UTXO #COREtokens
According to Foresight News, the Core Foundation has introduced a new developer incentive program named Core Commit. This initiative will span three months, with applications closing on November 14. The total reward pool amounts to $75,000 worth of CORE tokens, which will be distributed monthly based on project progress and milestones.
The Core Commit program aims to advance Bitcoin staking and the BTCFi ecosystem by providing integrated resources from experts and venture capital institutions. Additionally, it seeks to expand the developer community within the Core ecosystem. Key partners in this initiative include Foresight Ventures, Google, and UTXO.#CoreFoundation #DeveloperIncentive #CoreCommit #BitcoinStaking #BTCFi #DeveloperCommunity #ForesightVentures #Google #UTXO #COREtokens
🚀 Solv Protocol Launches New Bitcoin Staking Product On BNB Chain
#SolvProtocol #BitcoinStaking #BNBChain #LiquidStakingToken #SolvBTCJUP #JupiterExchange #StakingAbstractionLayer #TotalValueLocked #Cryptocurrency #DeFi #BTC #JUP
According to Foresight News, Solv Protocol has introduced a new Liquid Staking Token (LST) product named SolvBTC.JUP on the BNB Chain. This product offers an annual yield of 8% based on Bitcoin. The underlying yield is generated from the decentralized exchange Jupiter on the Solana network. Currently, SolvBTC.JUP has attracted over $13 million in staked funds.
SolvBTC.JUP is the fourth LST product launched by Solv based on the Staking Abstraction Layer (SAL). The total value locked (TVL) in the Solv protocol has now surpassed $1.7 billion, with more than 24,000 Bitcoins staked.#SolvProtocol #BitcoinStaking #BNBChain #LiquidStakingToken #SolvBTCJUP #JupiterExchange #StakingAbstractionLayer #TotalValueLocked #Cryptocurrency #DeFi #BTC #JUP
🚀 Bitcoin Supply on EVM Chains Sees Significant Growth in 2024
#Bitcoin #EVMChains #CryptoGrowth #BitcoinStaking #Blockchain #BTC
According to Odaily, IntoTheBlock shared on platform X that the supply of Bitcoin on EVM chains has seen substantial growth in 2024. This increase is largely attributed to the introduction of 'Bitcoin staking,' a mechanism expected to provide returns for Bitcoin holders.#Bitcoin #EVMChains #CryptoGrowth #BitcoinStaking #Blockchain #BTC
🚀 Bitcoin Collateralization Expands with Babylon and Aave Partnership
#Bitcoin #Collateralization #Babylon #Aave #DeFi #Lending #BitcoinStaking #Insurance #Vaults #Stablecoins #DecentralizedFinance #TrustlessVaults #BTC #AAVE
According to PANews, Bitcoin staking project Babylon has partnered with decentralized lending protocol Aave to enable Bitcoin to be used directly as collateral without the need for packaging or centralized custody. Beyond lending services, Babylon plans to extend its vault design into the DeFi insurance sector, allowing Bitcoin to serve as insurance collateral against protocol hacks. If no claims occur, the Bitcoin deposited in the insurance pool will generate returns; however, in the event of a hack, these Bitcoins will provide liquidity for claims.
Babylon is collaborating with Aave to integrate its Trustless Vaults with Aave's hub-and-spoke architecture. Babylon will create a Bitcoin-backed branch within Aave's lending hub, allowing users to deposit Bitcoin on its base chain while borrowing stablecoins and other assets in Aave's market. Testing is scheduled to begin in early 2026, with the product expected to launch around April.#Bitcoin #Collateralization #Babylon #Aave #DeFi #Lending #BitcoinStaking #Insurance #Vaults #Stablecoins #DecentralizedFinance #TrustlessVaults #BTC #AAVE