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How to view the rapid rise of the full -chain income aggregation platform @Solvprotocol?In the past few months,The solv protocol is based on the new SOLV Guard -funded Solv GUARD -funded manuscript for Bitcoin. It has accumulated over $ 1B assets with Merlinchain, Babylon, BNBCHAIN, and recent GMX in -depth binding cooperation.Why?Next, share my observation:
In my opinion, the rapid growth of Solvprotocol benefits from its increasingly prosperous life of “RESTAKING+YIELD”, which is stepping on BTC as its core assets and expanding to the full -chain environment level.Simply put,With the explosion of BounceBit, Ethena and many RestAking projects, a “CEDEFI” project that has been in the “CEDEFI” project circulating in the Mixed CEFI management and DEFI market has attracted much attention.
With the barbaric rise of such projects, how to build a transparent and credible security asset circulation aggregation environment becomes just need, and the Solv Guard goal provides the intermediate “transparent contract management” service for such projects to make asset control permissions more accessiblecontrol.Specifically:
1) Combining the centralized management efficiency of the CEFI and the decentralized liquidity safety of DEFI has become a new type of asset management mainstream paradigm.This can also obtain a certain “trust” by CEFI’s hosting in the context of the increasingly mature and compliance of the Crypto custodian.”Preferences, very make ance.
Taking the BTC cross -chain bridge scene as an example: adopt pure technology native cross -chain methods, the development cycle is long and uncertain, directly based on COBO, CEFFU and other centralized custodian institutions as the “bridge” carrier that can quickly get the asset cross -chain solution.Then promote the rapid landing of the BTC Layer2 project, instead of stuck on the cross -chain bridge problem;
Taking the POS asset chain as an example: Pure POS pledged assets can only obtain Reward native revenue that provides asset pledge to the public chain.It also achieves a certain income outside the court, which improves the source of POS assets.
Therefore, the CEDEFI type project can be the result of the focus itself. It is impossible for the triangle tradeoff to fully integrate the management and use efficiency of CEFI and the decentralized transparent circulation application environment.And there are absolute advantages in operation and capital.Typical items include: @boundcebit, @Ethena_labs, and recently noticed that a stablecoin Alpha project @Bitu_protocol, which is newly launched based on the CEDEFI concept, and so on.
In short, some web2 background projects often prefer the advantages of capital volume and use efficiency after overcoming compliance issues, quickly landing in the Crypto field, and the CEDEFI model has become the optimal solution.
2) The centralized part of CEDEFI is often a custodian with compliance qualifications and long -term brand reputation.However, this solution is just a “transition” solution, and the general direction must also pursue decentralized structure.How to achieve more transparent refined management in the application scenario?
The overall logic is: in terms of the use of authority, asset flowing, and multiple signature management strategies such as the hosting address.
As we all know, FireBlocks, as a hosting SaaS service platform, provides many custodian institutions with internal control CONSOLE platforms with similar management functions, but this is an internal process service, which cannot supervise the internal systemic evil.
And Solv Guard, based on its own ERC3525 contract standard and SFT semi -homogenized token exploration experience, specially launched an open management platform that can provide scientific and technological holdings for the custodian to increase all permissions settings, authorization management, flowing in intoThe outflow censorship, etc., build a complete set of Authorization permissions inspection mechanisms as the “middleware” service layer, and use the technical content of “gain” centralized custody agency and decentralization to reduce trust friction.
3) How to do it?1. In the design of the asset permissions of the hosting address, the GNOSIS SAFE’s multi -signature contract address is adopted to manage the assets; 2. Because the SAFE multi -signing can only be simply managed by Threshold, some more refined complex rights and conditions are designed.In addition, an nested layer of solv vault guardian is implemented, such as: you can customize the target address permissions in the Guardian structure, configure the authorization permissions, configure the execution of RULERS, and the permissions management contract of the nested design.
Simple understanding: On the basis of SAFE multi -signing contract, Solv Guardian further grains the management of funds (contracts, contract functions, ACL lists, etc.).And transparent supervision conditions.For example: which contracts are allowed, which functions are allowed for each contract, whether each function corresponds to the corresponding ACL permission list, and so on.
At the same time, in order to avoid the results of “middleware” with refined services, the “middleware” itself has become a new level of centralized risk, Solv has set a strict Governor permissions for Vault GuardianConfiguration, wait for a certain timelock time before you can finally allocate permissions, including upgrading and modifications such as transaction restrictions, address restrictions, and rules at the specified in the contract.
So, how to position the performance of Solv Protocol in the blessing of asset management capabilities?It can be considered that SOLV adds an additional lock to the industry celebrities GNOSIS SAFE, adding a granular product expression and security of the multi -visa management; it can also be considered that Solv has implemented a more than the SAAS unicorn service platform such as Fireblocks.Web3 Native’s “dimension reduction strike” brought a set of transparent contract management methods that are more in line with the needs of the industry’s development into the process specifications of the custody industry.
In short, the fundamental reason why Solv Protocol can quickly rise in the past few months: 1) Stepping on the environment where CEDEFI demand has become increasingly demand, and with Merlinchain, Babylon, GMX, Ethena, etc.With ERC3525 standards and SFT asset logic, mature financial scenarios exploration experience, so that it has the ability to “extend” the “transparent contract” asset management service “extension” capabilities.
In addition, to add explanation, with the passing of Ethereum ETF and the establishment of ETH’s “product” attributes, “supervision” uncertainty is also clear. More than the expectations of outflow of outflows of outflows, the go of digital assets to digital assets goes.Centralized and transparent management methods not only meet the market’s needs for the trust environment, but also meet the needs of some regulatory units.
I believe that in this context, Solv Protocol can also explore the feasible “comprehensive compliance” solution on the issue of regulatory methods such as “KYC” and “Yield Vaults” and the balance of decentralized service concepts. This is also growth.The scale of CEDEFI industry funds provides the foundation of stability to the birth service.
