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Solv Protocol

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Ethereum
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News

Bitcoin Open Interest Plummets Amid Market Turmoil

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Bitcoin's Open Interest has dropped significantly following recent market volatility, reflecting a mix of liquidations and reduced risk appetite among investors.
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Lucas Weissmann

Bitcoin Market Faces Heavy Liquidations Amid Panic Selling

Bitcoin Market Faces Heavy Liquidations Amid Panic Selling

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Recent market volatility has led to significant liquidations of Bitcoin positions, with traders experiencing heavy losses.
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Filippo Romano

Clarity Act Progress and Ripple's Strategic Positioning

Clarity Act Progress and Ripple's Strategic Positioning

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The proposed Clarity Act aims to provide clearer legal classifications for digital assets, which could benefit Ripple's ecosystem.
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Emily Carter

What is Solv Protocol?

Solv Protocol — a decentralized platform for creating, managing and trading financial NFTs.

Contents:

Solv Protocol

Description of the Solv Protocol project

With the development of decentralized finance, research into introducing NFTs into more tangible financial scenarios has evolved into the concept of “financial NFTs”. These are NFTs that represent and certify any type of financial capital. But, as the ERC-721 non-fungible token standard describes, NFT is used to uniquely identify something or someone, not financial scenarios. This is why Solv introduces its Fractionalized NFT standard.

vNFT — an extension to ERC-721 that enhances NFT with quantitative properties and some operations to suit financial scenarios better.Solv Protocol

Based on this complex token standard, the Solv Protocol provides financial NFTs with a complete solution for their creation, management and transactions.

Other features:

1 As containers for digital assets, vouchers - financial NFTs, minted under the Solv protocol.
2 With this smart contract, digital assets such as ERC-20 and ERC-721 tokens can be converted into financial NFTs in the form of vouchers that are used for quantitative transactions such as splits and mergers, allowing for different financial scenarios.

Unlike conventional NFT exchanges with centralized mechanisms, Marketplace's built-in Solv protocol - a decentralized exchange, optimized for financial NFTs, with its unique fractional features for NFT trading.

All financial NFTs can be traded as shares by value, while other properties of shares remain the same as the original NFTs.Solv Protocol

To ensure the credibility of finance, all Solv financial NFT transactions are performed on the Ethereum blockchain or other blockchains, while the Solv marketplace still retains rich NFT trading features that have proven their value on conventional NFT exchanges.

More about SolvProtocol on Ethereum

You can get all detailed information through a special document. It has rules of use, answers to questions, and more. News articles are coming out on the Medium blog.

From social networks, the community leads:

Subscribe to find out about the news. The smart contract audit is publicly available.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.