Solv Protocol, which offers financial services to Bitcoin holders (BTC), announced BTC +, an automated safe to generate yields on the Spot Holdings market.
The new product draws several Crypto sub-sectors and strategies, including the base arbitration, the DEFI credit markets, the feat of the protocol and the active world tokenized to offer a single-counter return shop for BTC holders.
The introduction underlines the growing demand for return among BTC holders, which could possibly provide a fixed income call to Bitcoin, supplementing the digital gold status awarded by certain devotees.
According to Solv, which Defilma Data shows that 17,480 BTC worth more than $ 2 billion locked on its platform, more than 1 Billion of dollars in BTC is in slow motion while institutions invest billions in funds negotiated on the stock market. Time is ripe, he says, so that the BTC becomes more of a yield instrument.
“Bitcoin is one of the most powerful forms of guarantee in the world, but its yield potential has remained underused,” said Ryan Chow, co-founder of Solv Protocol in a press release. “It is a product born from institutional finance, matured in DEFI and accessible to anyone who thinks that bitcoin should be more inactive.”
The safe automatizes the generation of elements, relieving holders of the need to manually select investment strategies. It offers a basic yield of 4.5% to 5.5%, according to a shared press release with Coindesk.
The safe uses a double-layer architecture which separates the care of the execution, incorporates the proof of reserve of Chainlink for real-time verification and offers suppression guarantees based on NAV with an inherent segmentation at risk. It also offers a variant in accordance with Sharia law.
Solv works both as an ignition protocol and a structured efficiency platform, with its own BTC reserve on a chain. The protocol is supported by Binance Labs, Capital Blockchain, Digital Laser and OKX Ventures.
