The Bitcoin staking protocol Solv has launched Babylon LST (SolvBTC.BBN) on Pendle, becoming the highest-yielding BTC yield pool on DeFiLlama. SolvBTC.BBN includes Babylon points and Solv points, allowing users to earn higher leveraged returns or fixed returns through the structured products offered by Pendle. Currently, liquidity providers (LPs) can achieve yields as high as 60%, with a fixed rate of about 8%.
Solv stated that the collaboration with Pendle aims to expand the application scenarios of Bitcoin in the DeFi space, providing users with more earning opportunities.
Investors in Solv include Binance Labs, Blockchain Capital, and Laser Digital (a subsidiary of Nomura Securities), with the platform's total value locked (TVL) exceeding $1.4 billion.
About Solv Protocol
Solv Protocol is a decentralized foundational yield platform designed to provide robust, low-risk yield sources for Bitcoin, Ethereum, and stablecoins. Currently, the protocol's TVL has reached $135M, with over 35,000 unique interacting addresses. Investors include Binance Labs, Nomura, Mirana, and others. The Solv Point System will be launched soon.