jakiro
Author: ASH, Source: Author Twitter @Ahboyash; Compilation: Tao Zhu, Bitchain Vision
Starting from BRC-20 and Ordinals, I have always been optimistic about the latest progress of Bitcoin in terms of enhancement of practicality, not just as a value storage method.
For me, considering the size of the asset category and the current degree of new Defi / NFT field on the chain, it is meaningful to continue to promote the cutting -edge of BTC development.
@Solvprotocol conforms to my overall bullish narrative in this field. They recently launched SolvbTC: become the first BTC with revenue ever in history.
all in all:
• Most Bitcoin is still idle, because the reasons for holders to move and use their Bitcoin value are limited.
• SOLVBTC is the first BTC to generate income while maintaining the spot exposure.
• The income is generated through three strategies: the market, Delta neutral financing interest rate and cross -exchange arbitrage.
• SOLVBTC will integrate across various chains and DAPP, and the SOLV protocol will act as a unified liquidity gateway.
• This agreement has established a partnership with many leading agreements such as@gmx_io,@Merlinswap.
Investigation strategy
SOLVBTC will generate benefits through 3 strategies:
Strategy 1: Do the market
• Profitting from the decentralized permanent exchanges.
Strategy 2: Delta neutral capital rate
• Profit of equal bulls and short futures and charge funds.
Strategy 3: Cross -exchange arbitrage
• Profit from the price differences of different cryptocurrency exchanges (think about Kimchi Premium).
Personally, I like how to try and test basic strategies to ensure good risks and the best return of users.
The consulting committee (composed of internal members and major external partners) will also play a role of checks and balances to provide guidance to ensure strategic transparency and credibility.
What is the next step?
a) Market startup and expansion of the BTCFI ecosystem:
SOLVBTC has been launched on @Arbitrum and @Merlinlayer2. Currently, TVL has more than 1,000 BTCs (more than 65 million US dollars), and their other strategies have more than $ 140 million.
I am glad to see what this will bring to Solvbtc, because so far their other vaults have generated more than $ 7 million in income.In addition, in view of the characteristics of SOLVBTC with ERC20, this allows it to integrate into various DAPPs and chains -improve liquidity and act as a multi -chain BTCFI LEGO block.
b) Point system:
• The team announced that the integration system was launched on April 5th, and it may reward the early adopors of SolvbTC (tip: the tokens have not been launched).
Solv Points System Coming Soon
Prepare for the Bitcoin Season#SolvBTC pic.twitter.com/kZHkaFokfj
— Solv Protocol (@SolvProtocol) March 28, 2024
c) Powerful team:
• The team has raised 7 funds from the well -known persons such as@binancelabs,@nomura Laser Digital and our investment portfolio @signum_capital x Uob Venture Management.
https://coindesk.com/business/2023/07/31/nomura-backs-6m-round-for-n-complatform-solv-protocol/
d) Start use:
• For those who are interested, go to https://app.solv.finance/solvbtc to start earning BTC income.
