It’s a wrap in Singapore! Here are some of the highlights of Solv throughout the week.
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At Timestamp 2024 co-hosted with
Key takeaways:
🔹 SolvBTC helps unify the fragmented wrapped BTC market.
🔹 BTC holders are embracing interest-bearing BTC assets, signaling a shift in risk appetite.
🔹 BTCFi is essential to ensuring Bitcoin’s long-term viability.
On the same day,
Key takeaways:
🔹 Restaking and LSTs are gaining traction due to their role in boosting security and yields in DeFi.
🔹 Restaking differs across ecosystems, with Ethereum leading, while Bitcoin is just starting to explore the benefits.
🔹 Fully Homomorphic Encryption (FHE) could revolutionize restaking by enabling private, secure computations and new monetization opportunities.
Later,
Key takeaways:
🔹 There are multiple BTC yield sources, including restaking yields from Babylon, staking yields from BTC L2s, and strategy-based yields, tokenized into Liquid Staking Tokens (LSTs) via SolvBTC.
🔹 SolvBTC.LST (SolvBTC.BBN, SolvBTC.ENA, SolvBTC.CORE) unlocks liquidity for staked BTC, creating the foundation for a growing BTCFi ecosystem.
🔹 Solv is focused on building the critical infrastructure for a robust BTC staking ecosystem.
On the same day,
Key takeaways:
🔹 Solv, the largest BTC staking platform, has over 21,000 BTC and 400,000 users in Asia eager to put their BTC to work.
🔹 Many new DeFi users have entered through Ordinals and Runes, but are now looking for stable yield sources as the space matures.
The week ended with
Key takeaways:
🔹 Wrapped BTC solves programmability but introduces trust assumptions.
🔹 SolvBTC unifies fragmented BTC liquidity, enabling Bitcoin’s use in programmable environments.
🔹 OP_CAT could introduce more programmability to Bitcoin, but it comes with risks that need careful consideration.