What is Solv Protocol? What does Solve Protocol do?
The infrastructure of Solv Protocol works on top of Bitcoin, but the blockchain used in the backend is being used on BP 20. This is a multi chain concept in a way, but it leverages Bitcoin in a way to further its fundamentals.
But how is he doing this?
What used to happen till now was that the blockchain of bitcoin was working at one place. What happens is that just like you work on Ethereum, you can go on Uniswap and work in decentralization. Solv Protocol is trying to make the same thing.
How will this work?
You can participate on multi-chain and along with that you can earn a yield. Just like you get interest inside the bank, similarly here inside crypto we call it yield, you can earn it wherever you want.
Partners: The Solve protocol has partners such as Binance Chain and Chainlink.
How can you mint it? How is it backed? All the information about this can be found on their website.
Official website:https://solv.finance/
Binance Research Project
Now we will look at Binance research. Binance has a very deep research team. Their complete research was done on 31 December, 2024. We can stake more on Bitcoin with the help of Defi because it is multi chain. Solv Protocol is in a way making Bitcoin Maxi size. Solv Protocol has already raised $24 million in private sale. Out of these, 28.86% has been taken by private ones.
The project raised ~$1M at ~$20M valuation
The project raised ~$4.5M at ~$45M valuation
The project raised ~$6.6M at ~$80M valuation
The project raised ~$11.7M at ~$200M valuation
Solv Protocol Bitcoin crypto Project Mission
You must have seen that we create smart contracts on Ethereum. We can even deploy something by going on the Binance Chain. Such things cannot happen on Bitcoin. Solv Protocol will be able to do all these things. This will happen if you are sitting holding Bitcoin, you are not getting any yield but with the help of Solv Protocol your asset will be generated, your yield will be generated.
Solv Protocol Future Plan
Solv BTC Minting on BTC Mainnet is Live, it has already gone live. Their road map for the first quarter is that they will offer the first bitcoin reserve for centralized and decentralized listing. Many of their integrations are coming. They are going to offer the second bitcoin reserve within quarter two. This is their plan for the future. They have already integrated more than 50 protocols, they have already explored more than 10 ecosystems within which they interact in a simplified manner.
Finally, if you have BNB, then stake it so that you can participate in future Mega drop, Launch pool, Launch pad. You can take advantage of additional coins by having BNB. Listing of Solv Protocol is also coming in the coming time.
Disclaimer
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