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The Solv BTC staking protocol aims to revolutionize the Bitcoin DeFi industry using various liquid staking token solutions such as solvBTC, solvBTC.ENA, and solvBTC.BBN. It enables users to stake their Bitcoins in exchange for the LST solvBTC, which can be used in multiple DeFi applications or deposited into solvBTC staking vaults from various protocols like Ethena, Babylonchain, and others.
$SOLV is the native token of the Solv protocol; however, the utility and tokenomics haven’t been revealed yet.
During its Seed funding round, the Solv crypto startup raised over $1M from The Spartan Group, Axia8 Ventures, IOSG Ventures, and other investors.