According to Mars Finance, Solv Protocol has announced the launch of its yield-bearing Bitcoin token SolvBTC.AVAX on the Avalanche blockchain. SolvBTC.AVAX aims to provide returns for Bitcoin holders by investing in tokenized real-world assets (RWA). These RWAs include U.S. Treasury bonds and private credit from institutions such as BlackRock and Hamilton Lane. The token generates returns through a multi-protocol strategy involving several protocols including Elixir, Euler, and Re7, with returns distributed in BTC format. (Cointelegraph)
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Solv Protocol has launched the RWA-supported Bitcoin yield token SolvBTC.AVAX on Avalanche.
According to Mars Finance, Solv Protocol has announced the launch of its yield-bearing Bitcoin token SolvBTC.AVAX on the Avalanche blockchain. SolvBTC.AVAX aims to provide returns for Bitcoin holders by investing in tokenized real-world assets (RWA). These RWAs include U.S. Treasury bonds and private credit from institutions such as BlackRock and Hamilton Lane. The token generates returns through a multi-protocol strategy involving several protocols including Elixir, Euler, and Re7, with returns distributed in BTC format. (Cointelegraph)