Solv Protocol is a multichain Bitcoin staking protocol with its own liquid staking token, solvBTC. It allows users to deposit their Bitcoins in exchange for solvBTC tokens at a 1:1 ratio, which can be used in multiple DeFi applications across over seven different chain networks or staked in various restaking or neutral delta-hedging protocols .
Solv Finance will be powered by the native $SOLV token, the utility and economy of which have not been revealed by the team yet, but it will most likely play a major role in the platform's decentralization.
On December 1st, 2021, the company closed its $4M Series A funding round with participation from Blockchain Capital, The Spartan Group, and others.
| Fund | Score | Type | Retail ROI | Numbers of investments |
|---|---|---|---|---|
| High | 0.31x | 36 | ||
| N/A | 75.29x | 22 | ||
| N/A | 0.39x | 19 |