AILayer and Solv Protocol announce strategic partnership to expand Bitcoin’s use in DeFi

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Author: AILayer

AILayer, the world's first Bitcoin second-layer platform designed to promote large-scale artificial intelligence applications, has joined hands with Solv Protocol, a leading project in decentralized Bitcoin reserves, to jointly explore new prospects for Bitcoin in the field of decentralized finance (DeFi). Through this cooperation, users can deposit aBTC into the AILayer platform and exchange it for SolvBTC. In addition, users can also stake SolvBTC to obtain SolvBTC.BBN, a Bitcoin liquidity staking token launched in cooperation with Babylon.

This groundbreaking collaboration provides Bitcoin holders with a new way to interact with the growing DeFi ecosystem, while significantly increasing the liquidity depth of the BTCFi ecosystem. For AILayer, this collaboration is an important milestone in its efforts to promote the integration of Bitcoin and artificial intelligence applications, opening up unprecedented access to innovative products for users.

By incorporating SolvBTC and SolvBTC.BBN into the AILayer ecosystem, this collaboration brings high-quality cross-chain unified liquidity assets to AILayer users, enhances platform functionality, attracts more users to AI-driven applications, and promotes a more active and diverse DeFi environment.

This strategic cooperation marks a significant progress in AILayer’s deeper integration in the DeFi field, and promotes the integration and innovation of Bitcoin, decentralized finance and AI technology.

About AILayer

AILayer is the first Bitcoin Layer 2 platform designed to support the mass adoption of AI applications. By leveraging the security of Bitcoin and the scalability of AILayer, the platform is able to develop and deploy Bitcoin-native AI-driven applications, bridging the gap between artificial intelligence and blockchain technology. Through this strategic partnership, AILayer continues to advance the platform's capabilities and attract more users to participate in the AI-powered decentralized financial ecosystem.

About Solv Protocol

Solv is pioneering decentralized Bitcoin reserves, unlocking the full potential of more than $1 trillion in Bitcoin assets through a liquid consensus infrastructure. By addressing the fragmentation, yield opportunities, and custody solutions of BTC assets, Solv provides Bitcoin holders with a gateway to BTCFi, encourages innovation in secure and efficient Bitcoin reserves, and continuously builds a path and confidence for traditional funds to enter the crypto world.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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