🚀 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