Solv

Yield

Solv is pioneering a decentralized Bitcoin Reserve, aimed at unlocking the full potential of over $1 trillion in Bitcoin assets through a liquidity consensus infrastructure.

Risk Rating
Average
Protocol Code Quality
Protocol Maturity
Protocol Design
What is Solv?
What we like
Solv Protocol’s innovative Staking Abstraction Layer (SAL) effectively simplifies Bitcoin staking across multiple ecosystems, providing a seamless and liquid staking experience for users.
What we like less
Solv Protocol’s reliance on external technologies such as Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Free.tech introduces potential dependencies that could impact the protocol’s security.
What it means for you
Users benefit from enhanced liquidity and access to diverse yield opportunities without sacrificing their Bitcoin’s value, making it easier to participate in DeFi ecosystems.

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Information
Exploit/Hacks
None
Info
Key Metrics
  • TVL: $1.3B (Rank #28)
  • TVL Ranking by Yield: #0
  • Blockchain: Bitcoin, Merlin, Arbitrum, Base, Ethereum, BOB, Binance, Avalanche, Mantle, Polygon
  • Chain TVL
    • Bitcoin: $751.66M
    • Merlin: $453.34M
    • Arbitrum: $30.18M
    • Base: $26.12M
    • Ethereum: $11.34M
    • Others: $10.36M
Risk Assessment
Average
Protocol Code Quality
  • Code reviewed by several experienced auditors; Quantstamp and CertiK
  • Public team promotes accountability
  • No documented protocol hacks since launch
Protocol Maturity
  • Latest protocol version launched in 2024; maturity less than six months increases technical risk as smart contracts are less battle-tested
  • Top 1% by total value locked reduces risk
  • Multisig wallet controls protocol upgrades
  • Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
  • No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
  • No governance token and/or contracts are fully immutable
Protocol Design
  • This protocol is susceptible to risks related to yield optimizers which deploy custom strategies to automatically manage user funds
  • Solv Protocol is the leading Bitcoin staking platform, powered by its innovative Staking Abstraction Layer (SAL)
Things to know about Solv

What is Solv

Solv is the leading Bitcoin staking platform, leveraging its proprietary Staking Abstraction Layer (SAL) to unlock and utilize over $1 trillion in idle Bitcoin assets. By issuing SolvBTC, a liquid staking token pegged 1:1 with native BTC, the protocol enables Bitcoin holders to engage in various DeFi activities across multiple blockchain ecosystems without compromising liquidity. Solv serves as a comprehensive gateway to BTCFi, facilitating seamless integration for institutional and traditional funds entering the crypto space.

How Solv makes money

Solv generates revenue through several streams, including fees from staking services, yield generation activities, and cross-chain transactions facilitated by the SAL. Additionally, the protocol may earn interest or a share of the yields from the diverse DeFi strategies employed using SolvBTC, such as restaking yields, validator rewards, and delta-neutral trading strategies.

How you make money on Solv

As a user of Solv, you can earn returns by staking your Bitcoin through SolvBTC and accessing various yield-generating opportunities without losing liquidity. By participating in restaking yields, validator rewards, and engaging in delta-neutral trading strategies, you can diversify your income streams while maintaining exposure to Bitcoin’s value. The protocol’s transparent Proof-of-Reserve system ensures that your staked assets are secure, allowing you to confidently maximize your staking yields with minimized risks.

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