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Solv Protocol’s ‘Meet The Team’ Event

Join us for an exciting session as we talk about Solv's Decentralized Bitcoin Reserve, SolvBTC.BBN and share our future plans with you.

🗓️ Date: August 7, 2024

⏰ Time: 12:00 PM UTC

📍 Venue: Our Discord - The Stage (  t.co/RtvXqZlf0j)

🎙️ Speaker: Gillian, Solv Marketing Manager

🎁 Rewards: $50 USDT + 30x 10% XP Boost Tickets

Feel free to drop your questions here:

  t.co/D20kvcz7sS

See you there!

Solv Protocol’s ‘Meet The Team’ Event

Join us for an exciting session as we talk about Solv's Decentralized Bitcoin Reserve, SolvBTC.BBN and share our future plans with you.

🗓️ Date: August 7, 2024

⏰ Time: 12:00 PM UTC

📍 Venue: Our Discord - The Stage (  t.co/RtvXqZlf0j)

🎙️ Speaker: Gillian, Solv Marketing Manager

🎁Rewards: $50 USDT + 30x 10% XP Boost Tickets

Feel free to drop your questions here:   t.co/D20kvcz7sS

See you there!

How Does SolvBTC.BBN (SolvBTC @babylonlabs_io ) Bring In Additional Yield For Users?

We often hear that liquid staking tokens (LSTs) can provide extra yield for their holders. But how exactly does this work?

As we prepare for our official launch of SolvBTC.BBN, let’s dive into where this additional yield comes from.

Dive in 🧵👇

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Background

LSTs represent staked assets, giving liquidity to positions that would otherwise be locked.

By staking Bitcoin through Solv Protocol in the Babylon ecosystem, users receive SolvBTC.BBN, an LST that allows holders to earn staking yield while using their staked assets in DeFi.

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Where Does The Additional Yield Come From?

a. Chain Incentives

Many chains offer special incentives to attract liquidity, often through points programs that can be converted into tokens during a Token Generation Event (TGE).

When bridging to these chains and deploying in dApps, users can enjoy these incentives while helping bootstrap liquidity, contributing to a vibrant DeFi ecosystem.

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b. DeFi Yield

DeFi yield comes from various sources, each with its own way of generating returns:

1. Lending Protocols

Users can supply their LSTs to lending protocols and earn interest. For example, SolvBTC.BBN users can supply their LST to @avalonfinance_ for additional yields.

Key Things To Look Out For

- Utilization Rate: Higher utilization means more interest paid by borrowers.

- Additional Incentives: Check if lending protocols offer extra incentives, such as points convertible to tokens.

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2. Liquidity Pools

Liquidity Pools on decentralized exchanges (DEXs) use an automated market maker (AMM) model to facilitate trading. By providing liquidity, users earn a share of trading fees.

By providing liquidity to these liquidity pools, users can earn a cut off the trading fees for these LST.

Key Things To Look Out For

- Trading Pairs: Stable pairs (e.g., SolvBTC.BBN-SolvBTC) or stablecoin pairs (e.g., SolvBTC.BBN-USDT) can impact returns.

- Trading Volume: Higher volume means more trading fees.

- Additional Incentives: DEXes may offer extra incentives for providing liquidity. For example, @BreederDodo is currently offering incentives for staking your SolvBTC.BBN LP tokens, with additional yields of up to 25%.

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3. Stablecoin Protocols

Users can supply collateral to mint stablecoins, which can be used in DeFi.

Key Things To Look Out For

- Stablecoin Ecosystem: A rich ecosystem increases the stablecoin's utility and potential yield.

- Additional Incentives: Stablecoin protocols might run incentive programs to attract liquidity.

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4. Yield Trading Protocols

Yield trading protocols let users craft portfolios of yields. You can choose between longer-term yields or fixed periods.

Key Things To Look Out For

- Maturity Date: Yields are usually separated by splitting the original asset into two parts (the base assets & the yield portion of the asset), converting back to the original asset at maturity.

- Fixed vs Variable Rate: Determine if which rates are undervalued and allocate accordingly.

- Additional Incentives: Yield portions may include extra incentives or points.

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Building On Top of SolvBTC’s Ecosystem

Before the introduction of SolvBTC.BBN, Solv had already established a rich ecosystem around SolvBTC, enabling participation across various chains such as @Coredao_Org , @LineaBuild , and @Scroll_ZKP .

This partnership with @babylonlabs_io enhances this ecosystem further, providing additional staking yields to Bitcoin holders while allowing continued access to the extensive ecosystem developed around SolvBTC.

Stay tuned for our latest integrations for SolvBTC.BBN in the “Liquidity” section on our website.

  t.co/ELo0IC8cV5

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Join the Future of BTCFi!

The future of BTCFi is not just promising — it’s revolutionary. With Babylon and SolvBTC.BBN, Bitcoin is poised to establish itself as the central pillar of the DeFi landscape, unlocking unprecedented opportunities and transforming the financial ecosystem.