CandleFocus Solv Protocol launches staking token to bring Bitcoin yields to Solana
2024-10-17
Author: Content Editor
Crypto project Solv Protocol has introduced a new token called SolvBTC.JUP, which allows Bitcoin investors to earn returns by participating in Solana's decentralized finance ecosystem. Users can deposit Bitcoin into Solv Protocol and receive SolvBTC.JUP in exchange, which represents their staked Bitcoin. The token accrues yield over time through Solv's involvement in the Jupiter Liquidity Provider Pool on the Jupiter Exchange. By embracing decentralized finance, Bitcoin holders can earn rewards without giving up their exposure to Bitcoin. SolvBTC.JUP is expected to have a return of 12%.
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