Solv Protocol has announced the launch of a new product, BTC+, targeting institutional investors to utilize idle bitcoin for generating income.
Overview of BTC+
BTC+ is a structured yield product designed to optimize returns on bitcoin by employing various yield strategies across decentralized finance (DeFi), centralized finance (CeFi), and traditional markets.
Technological Features of BTC+
To enhance transparency and security, BTC+ integrates Chainlink’s Proof-of-Reserves for real-time verification and employs risk management tools based on net asset value (NAV). It also features a dual-layer architecture that separates asset custody from yield-generating strategies to provide additional protection for investors.
Market for Bitcoin Yield Products
The launch of BTC+ occurs amid a broader trend in the industry towards bitcoin yield products aimed at institutional capital. In April, Coinbase introduced a similar yield fund for institutional clients, promising returns of up to 8%.
With rising institutional investment in bitcoin and the accelerating financialization of crypto, yield generation is becoming an essential aspect of bitcoin investing, as evidenced by increasing interest from major financial institutions.
