Solv Partners with Babylon, Pendle, and Corn to Launch Bitcoin LST Yield Pool

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MarsBit
09-19
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According to Mars Finance, SolvBTC.BBN (Corn) pool is officially launched on Pendle, providing users with three income options: leveraged mining points (YT), fixed income (PT) and liquidity market making rewards (LP). One hour after the launch, the pool's TVL exceeded 7 million US dollars, and the LP income was as high as 600%. SolvBTC.BBN is a Babylon LST launched by Solv and Babylon. Users can enjoy 25% of the current total Babylon points. The addition of Pendle and Corn further enhances the Solv ecosystem, marking Solv's introduction of BTCFi into the DeFi field.

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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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