SolvBTC.JUP Bitcoin Yield Launches With 8% Return on Solana

2 mins mins

William

17 October 2024, 14:54:37 GMT +0000

Key Points:

SolvBTC.JUP Bitcoin Yield offers an 8% annual return on Bitcoin, integrating with Solana’s DeFi ecosystem, with over $13 million in TVL.
Solv Protocol’s SolvBTC.JUP Bitcoin Yield taps into Jupiter DEX for yields, marking it as the fourth LST product using the Staking Abstraction Layer.

Solv Protocol has introduced SolvBTC.JUP, is a product offering an 8% annual yield in Bitcoin by integrating Bitcoin with Solana’s DeFi ecosystem. The SolvBTC.JUP Bitcoin yield is backed by Solana’s DEX, Jupiter, and has already surpassed $13M in total value locked (TVL).

SolvBTC.JUP Bitcoin Yield Launches With 8% Return on Solana

SolvBTC.JUP Bitcoin Yield: 8% Returns via Solana’s DeFi

The latest product at Solv Protocol, SolvBTC.JUP, combines Bitcoin with Solana’s DeFi ecosystem. At an annual yield of 8%, it has already managed to attract upwards of more than $13M in TVL and ranks among the additions to the suite of liquid staking products for the protocol.

SolvBTC.JUP Integrates Bitcoin with Solana DeFi for Yield

SolvBTC.JUP leverages Solana’s DEX, Jupiter, to offer a one-of-a-kind DeFi opportunity with a yield of 8% in annual Bitcoin. The product will further bridge Bitcoin with decentralized finance on Solana and open access to high-yield opportunities across blockchain networks.

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