CandleFocus SolvBTC Now Live on Avalanche, Introducing Yield Solutions for Bitcoin
2024-09-26
Author: Content Editor
SolvBTC has been launched on the Avalanche network through Solv Protocol, providing a decentralized reserve of Bitcoin in the DeFi space. SolvBTC allows Bitcoin holders to earn a return on investment without losing the value of their Bitcoin. Users can mint SolvBTC by providing BTC as collateral and use it in decentralized applications while remaining on the Bitcoin standard. Solv Protocol utilizes innovative strategies to generate yields on BTC holdings, while maintaining a 1:1 backing for SolvBTC with diverse reserves including native Bitcoin, wrapped Bitcoin, and Bitcoin ETFs. The integration of SolvBTC on Avalanche aims to enhance liquidity and market accessibility for Bitcoin assets, providing new opportunities for Bitcoin holders in the DeFi space.
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