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Solv Finance is a multichain Bitcoin staking platform designed to revolutionize the Bitcoin DeFi economy with its liquid staking token, solvBTC. It enables users to contribute their $BTC tokens to receive solvBTC LST, which they can use in multiple DeFi applications, staking protocols such as Babylonchain, or even delta-hedging platforms like Ethena to earn APR.
According to the Solv Finance docs, it will be powered by the native $SOLV token; however, the team has not disclosed any utility or airdrop details yet.
During its Strategic funding round, the Solv Finance startup raised funds from Krypital Group, but the amount raised during the round remains undisclosed.