As the Bitcoin (Re)staking market grows, significant obstacles continue to slow its progress. Solv Protocol’s new Staking Abstraction Layer (SAL) aims to transform Bitcoin staking, unlocking this $1.3 trillion asset’s untapped potential.
Unlike Ethereum, where 28% of its supply is staked, Bitcoin’s staking ecosystem remains underdeveloped due to complex cross-chain transactions, limited programmability, and liquidity fragmentation.
SAL aims to address these issues by offering a streamlined interface to integrate yield-generating strategies across blockchains. Through SAL, Bitcoin holders can stake assets and earn rewards without compromising liquidity by utilizing SolvBTC—a liquid representation of Bitcoin.
The SolvBTC token, backed by Solv Protocol’s SAL platform, enables users to navigate fragmented Bitcoin liquidity. Already exceeding 24,000 tokens in supply and valued at over $1.8 billion, SolvBTC and its Liquid Staking Tokens (LSTs) are foundational elements of the SAL platform. These include:
– SolvBTC.BBN: Generates re-staking rewards from Babylon Labs.
– SolvBTC.CORE: Enables participation in CoreDAO’s staking framework.
– SolvBTC.ENA: Offers yield from Ethena Labs’ basis trading.
With the recent expansion into Solana’s ecosystem through SolvBTC.JUP, Bitcoin holders now have new staking opportunities. Solv Protocol partners with BNB Chain, Ceffu, and Chainlink CCIP to enhance access, custody security, and cross-chain interoperability.
SAL unifies staking options, creating a seamless staking experience for Bitcoin holders by offering a variety of yield strategies:
– Re-staking Yields: Earn native token rewards on networks like Babylon Labs and Eigenlayer.
– Validator Rewards: Secure networks through CoreDAO, Stacks, and Botanix Labs.
– Trading Strategies: Utilize delta-neutral strategies on platforms like GMX, Ethena Labs, and Pendle.
Solv Protocol, driven by SAL, is positioned at the forefront of Bitcoin staking, unlocking diversified yield streams and maximizing Bitcoin’s staking potential.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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