The Solv Protocol has announced the integration of Liquid Bitcoin ( LST) into Solana’s decentralized finance ( Defi) ecosystem through its new product, Solvbtc.JUP. This initiative allows Bitcoin holders to participate in yield generation by depositing BTC or Wrapped BTC to mint Solvbtc, which can then be converted into Solvbtc.JUP, representing staked Bitcoin that accrues yield over time. The integration leverages the Jupiter Exchange, a decentralized platform on Solana, enabling users to earn BTC-denominated returns without sacrificing liquidity. Currently, the Jupiter Liquidity Provider (JLP) Pool offers an annual percentage yield ( APY) of 28%, with Solv Protocol projecting yields of around 12% in BTC through its hedging strategies. The pilot phase will be limited to institutional users, allowing the team to refine the product before a wider release, as part of ongoing efforts to expand yield opportunities for bitcoin across different blockchain ecosystems.
Bitcoin Staking Protocol Solv Integrates Liquid BTC With Solana’s Defi Ecosystem
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