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Solv Protocol
Airdrop (Retrodrop)
Active
26 Mar 2024 - 01 Feb 2025
Solv Finance is a multi-chain liquid staking protocol with over $1.3B in TVL. It allows users to contribute their Bitcoins to receive back $solvBTC LST, which can be staked in several vaults on the platform, such as Ethena’s or Babylon Chain’s pools, to receive another LST that can also be used across multiple DeFi protocols.
The platform has already confirmed its plans to release its native token $SOLV but hasn’t disclosed details on its economy and utility. Nevertheless, it currently has an active points farming campaign on its platform, which, in our team’s opinion, will be the main criterion to qualify for the Solv protocol airdrop.
CoinLaunch Score:
Last update:
Medium
09 Aug 2024
Solv Protocol - Airdrop (Retrodrop) Overview
start date:
26 Mar 2024
end date:
01 Feb 2025
Reward Distribution:
14 Feb
More about Solv Protocol
Reward
N/A
Winners:
N/A
How to join Solv Protocol - Airdrop (Retrodrop)?
To participate in the Solv protocol airdrop, first acquire some $BTC/WBTC/BBTC (depending on the chain) across Ethereum, Binance Smart Chain, Arbitrum, Mantle, Merlin, or Avalanche in your default EVM wallets. You can also utilize the Bitcoin mainnet network, using any web3 wallet that supports it, for example Bitget wallet.
Afterwards, visit the app, and click on the “point system” panel.
Then, to activate your account you need to enter an invite code - MZKRPB, connect your Twitter and sign in with your wallet.
Once done, head to Solv Finance and stake your $BTC to receive $solvBTC LST.
There, you have several options to earn points with solvBTC:
- Holding solvBTC: Get 2 points per $ staked.
- Depositing on DeFi apps: Earn 6 points per $ for lending $solvBTC and receive 8 points per $ for providing liquidity in $solvBTC LPs.
- Lending $solvBTC.BBN: Visit the Babylonchain staking pool on Solv protocol, deposit $solvBTC to the vault, and receive $solvBTC.BBN. You can also provide this into multiple lending protocols to receive $solvBTC.BBN APR + 20 Solv points per $ held in LST + lending APR.
- Lending $solvBTC.ENA: Go to Ethena’s staking vault on Solv Finance, provide your LSTs to receive back $solvBTC.ENA. This can also be used in lending protocols to start earning $solvBTC.ENA APR + 10 Solv points per $ held in LST + lending APR + 10 Ethena Sats per $.
- Providing $solvBTC.ENA: In addition to the lending protocols, you can also provide the token into LPs on multiple DEXs and start receiving $solvBTC.ENA APR + 12 Solv points per $ held in LST + lending APR + 10 Ethena Sats per $.
- Referral: Invite friends to participate in the campaign to get 10% of the points farmed by your friend and personal farming boosts.
Explore more about the Solv protocol points system here.
Good Luck! 🍀
Step-by-step Guide
Acquire $BTC in your Web3 wallet across any network which is supported by Solv protocol;
Register in the $solvBTC points program using the code - MZKRPB;
Visit Solv Protocol and stake your Bitcoins to receive $solvBTC instead;
Explore DeFi platforms where you can deposit $solvBTC and proceed there;
Provide tokens into the Babylonchain or Ethena staking vaults to receive back vault’s LSTs;
Invite friends using your referral link or code;
Wait until the official announcement regarding the airdrop;
Claim your tokens.
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