What is Solv Protocol? Learn about the leading reStaking protocol for Bitcoin

Solv Protocol is the leading restaking protocol in the Bitcoin ecosystem, allowing users to earn profits from the BTC they hold with low risk. Through its innovative product suite and focus on generating returns for Bitcoin holders, Solv Protocol is considered a pioneering protocol for decentralized Bitcoin storage. So what makes Solv Protocol special? Let's explore in the article below.

What is Solv Protocol? Exploring the leading restaking protocol for Bitcoin

What is Solv Protocol?

Solv Protocol is a restaking protocol on the Bitcoin blockchain, allowing users to use their BTC to increase their profits through staking and providing liquidity. Solv Protocol acts as a unified liquidity gateway, aiming to reduce the barriers and costs for users seeking to access high-quality investment opportunities.

What is Solv Protocol?

Solv Protocol has launched SolvBTC, SolvETH, and SolvUSD, providing profit-earning opportunities for holders of BTC, ETH, and USD. Additionally, Solv utilizes a trading-strategy-based mechanism to leverage various blockchains, protocols, and exchanges to access diverse profit opportunities.

By flexibly allocating assets across different trading strategies, Solv maximizes the generation of competitive returns. This helps address the challenge of limited flexibility in earning profits with BTC, which has hindered the growth of the Bitcoin ecosystem.

Highlights of Solv Protocol

Low Risk, Stable Returns

Solv Protocol's profit-generating assets like SolvBTC, SolvETH, and SolvUSD represent the user's holdings in the entire strategy portfolio. By holding these assets, users not only benefit from the appreciation of BTC and ETH but also receive high-quality investment returns on Solv.

The profit strategies on Solv Protocol are thoroughly researched and selected by the advisory board, comprising Solv's internal members and key external partners. Additionally, the individual strategies come from reputable third-party providers like Binance, Bybit, GMX, and others. This helps Solv Protocol achieve risk diversification and optimal returns.

High Flexibility

Solv Protocol's profit-generating assets are ERC-20 standard tokens, allowing them to be freely traded on the blockchain. This flexibility enables users to leverage their idle assets to earn attractive returns, while also providing easy access to instant liquidity when needed.

Furthermore, Solv Protocol will establish a robust liquidity market for these assets through partnerships with decentralized exchanges (DEXs) and lending protocols, allowing users to seamlessly utilize the profit-generating assets.

Lego-like Composability

Solv Protocol's profit-generating assets function as key building blocks in the DeFi ecosystem. They can be seamlessly integrated with various DeFi protocols, becoming a flexible component in users' strategies.

Solv Protocol is actively seeking collaborations with protocols like Aave, Uniswap, Pendle, and others to provide users with additional profit-earning opportunities and maximize capital efficiency.

Solv Protocol's Products

SolvBTC

SolvBTC is a multi-chain Bitcoin reserve token, backed 1:1 by the underlying Bitcoin or Bitcoin-wrapped assets. It allows users to easily convert Bitcoin into DeFi-compatible assets, facilitating the movement of assets across blockchains without concerns about fragmented liquidity or risks from individual wrapped BTC forms.

SolvBTC holders can:

• Freely move assets across blockchains: Easily convert Bitcoin across networks like Ethereum, BNB Chain, Avalanche, Arbitrum, Base, Mantle, and more.
  
  
• Participate in the multi-chain DeFi ecosystem: Utilize SolvBTC to access DeFi services across various platforms.
  
  
• Enhance liquidity and generate returns: SolvBTC allows users to tap into yield farming opportunities and liquidity solutions without the high transaction costs or inefficiencies of other assets.
  
  
• Conduct safe cross-chain transactions: Powered by Chainlink CCIP and Free.tech solutions, SolvBTC ensures fast, secure, and cost-effective cross-chain transactions.

SolvBTC.LST

SolvBTC.LSTs are liquidity staking tokens in the SolvBTC ecosystem, allowing Bitcoin holders to stake their assets and earn profits while maintaining liquidity. There are two main types:

• Pegged LSTs: Pegged 1:1 to Bitcoin, enabling users to move assets across chains without price fluctuations.
  
  
• Yield-Bearing LSTs: Accumulate staking rewards over time, increasing in value and providing long-term returns.

SolvBTC.LST can be used to:

• Flexibly convert assets across chains (based on Chainlink CCIP).
  
  
• Utilize in DeFi protocols (lending, liquidity provision).
  
  
• Generate income from staking while maintaining liquidity.

Bitcoin Reserve Offerings

Bitcoin Reserve Offerings (BROs) are fundraising events organized by Solv to build a Bitcoin reserve owned by the protocol. In 2025, Solv plans to hold 3 BRO rounds in Q1, Q2, and Q3, each issuing 42 million SOLV tokens in the form of convertible notes. These notes have a one-year maturity, with the ability to claim SOLV tokens in the corresponding quarters (Q1, Q2, and Q3) of 2026. This means that when users purchase the notes, they will not receive the SOLV tokens immediately, but only when the notes mature after 1 year.

The goal of BROs is to raise Bitcoin to be used as a reserve asset, supporting the Solv ecosystem. In the future, the BRO rounds will be managed by a DAO, and the SOLV token supply may be expanded through the network governance mechanism. BROs not only help Solv strengthen its reserve assets but also provide an attractive investment opportunity for the community.

Staking Abstraction Layer (SAL)

Staking Abstraction Layer (SAL)

Staking Abstraction Layer (SAL) is the core infrastructure of the Solv Protocol, designed to simplify Bitcoin staking across multiple blockchains. SAL provides a unified interface, allowing Bitcoin holders to easily participate in profit-generating strategies across multiple ecosystems without facing technical complexity.

Some projects supporting the Staking Abstraction Layer (SAL) are:

• Restaking Yields: Babylon, EigenLayer, Symbiotic.
  
  
• Validator: CoreDAO, Stacks, Botanix.
  
  
• Trading: GMX, Ethena, Jupiter.

Development Roadmap

Q1 2025

• List on CEX and DEX.
  
  
• Integrate SolvBTC and SolvBTC.LST with more ecosystems such as BeraChain, Sonic, zkSync, Soneium, Sei, etc.
  
  
• Launch Exchange Earn Campaigns.
  
  
• Launch the second SOLV Points Campaign.
  
  
• Launch the first Bitcoin Reserve Offering program.
  
  
• Release SolvBTC.RWA.

Q2 2025

• Launch the second Bitcoin Reserve Offering program.
  
  
• Launch SolvDAO.
  
  
• Integrate BTC ETF into the SolvBTC Core Reserve.
  
  
• Issue more SolvBTC.LST.
  
  
• Tokenize ETF.

Development Team

Solv Protocol Development Team

The Solv Protocol development team includes experienced experts from various platforms, and the project's leading members are:

• Ryan Chow: Co-founder & CEO
  
  
• Will Wang: Co-founder & CTO
  
  
• Yan Meng: Co-founder

Investors and Partners

Solv Protocol Investors

Solv has raised a total of $25 million from leading investment funds in the market, including Blockchain Capital, Binance Labs, Spartan, Jump,...

Tokenomics

Token Information

Token Allocation

SOLV Token Allocation

The SOLV token is allocated as follows:

• Binance Megadrop - 6.09%: 100% unlocked at TGE.
  
  
• Liquidity - 2.61%: 100% unlocked at TGE.
  
  
• Community Airdrop - 7.39%: 3.74% unlocked at TGE, the remaining will be linearly vested over the next 3 months.
  
  
• Team and Advisors - 11.30%: Locked for 1 year, then linearly vested over 3 years.
  
  
• Community Rewards & DAO Treasury - 15.65%: Locked for 6 months, then linearly vested over 42 months.
  
  
• External Partners - 7.39%: 1.74% unlocked at TGE, locked for 6 months, then linearly vested over 18 months.
  
  
• Ecosystem Development - 7.08%: 0.3% unlocked at TGE, locked for 1 year, then linearly vested over 3 years.
  
  
• Business Development - 3.48%: 0.43% unlocked at TGE, locked for 6 months, then linearly vested over 30 months.
  
  
• Vesting Voucher Holders - 0.87%: 0.43% unlocked at TGE, the remaining will vest after 6 months.
  
  
• Investors - 25.10%: Locked for 1 year, then vested over 2 years.
  
  
• Bitcoin Reserve Offering - 13.04%: Locked for 1 year, then unlocked quarterly over 9 months.

Token Use Cases

The SOLV token is used for:

• Protocol Governance
  
  
• Staking
  
  
• Transaction Fee Discounts

Conclusion

This is all the information about the Solv Protocol project. Coin68 hopes that readers will have a better understanding of the project and its products. Wishing you all useful knowledge!

Note: The information in this article is not considered investment advice, and Coin68 is not responsible for any decisions made by you.