Solv Protocol (SOLV)
Solv protocol is a leading multi-chain Bitcoin liquid staking platform with over $1.3B in TVL. It enables users to stake their $BTC tokens in exchange for the liquid staking token SolvBTC, which can be used in multiple DeFi applications, restaking protocols, and neutral delta hedging platforms to earn additional APR.
According to the platform’s docs, Solv will be powered by the native token $SOLV. However, the page doesn’t disclose any information regarding its utility or tokenomics.
Since its inception in 2021, the Solv crypto project has raised over $11M from leading funds and investors, including The Spartan Group, Binance Labs, Mirana Ventures, and others.
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Solv Protocol Airdrop & Retrodrop & Bounty
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.
Solv protocol is a multichain Bitcoin liquid restaking protocol with its own Bitcoin reserve token $solvBTC. It integrates with multiple leading web3 protocols that utilize $BTC reserves for staking, delta-hedging, and other purposes to allow users to liquid restake their holdings, provide liquidity to those platforms, earning yield, and receive LRT instead, like $solvBTC.BBN or $solvBTC.ENA.
$SOLV token has been already confirmed, but there is no info on its utility, economy, and more. Nevertheless, we assume the $SOLV token will be the governance coin of the protocol.
On December 30th, Binance announced the Megadrop campaign and, in the future, listing on its exchange, allocating 588M $SOLV (6.09% of max token supply).
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