Bitcoin staking protocol Solv and Pendle collaborate to create the highest yielding BTC asset pool

The Babylon LST (SolvBTC. BBN) launched by the Bitcoin staking protocol Solv has been launched on Pendle and has become the highest yielding BTC yield pool on DeFiLlama. SolvBTC.BBN includes Babylon points and Solv points, combined with structured products provided by Pendle, allowing users to earn higher leverage or fixed income. At present, the highest return for liquidity providers (LPs) is 60%, with a fixed interest rate of approximately 8%.

Solv stated that the collaboration with Pendle aims to expand the application scenarios of Bitcoin in the DeFi field and provide users with more revenue opportunities.

Solv investors include Binance Labs, Blockchain Capital, and Laser Digital (a subsidiary of Nomura Securities), and the total locked up value (TVL) of the platform currently exceeds $1.4 billion.

About Solv Protocol

Solv Protocol is a decentralized foundational revenue platform designed to provide a robust, low-risk source of revenue for Bitcoin, Ethereum, and stablecoins. At present, the TVL protocol has reached $135M, with a cumulative interaction of over 35000 independent addresses. Investors include Binance Labs, Nomura, Mirana, and others. The Solv Point System will be launched soon.

Twitter|Discord|LinkedIn|Telegram


This article is provided by the official and does not represent the position or investment advice of our website. Readers must make their own careful evaluations.