Solv Protocol has launched SolvBTC.BERA to offer new yield generation opportunities for Bitcoin holders within the Berachain ecosystem.
Launch of SolvBTC.BERA on Berachain
Solv Protocol announced the launch of SolvBTC.BERA on January 13. This deposit vault integrates Bitcoin holders into Berachain’s decentralized finance ecosystem, which is Ethereum Virtual Machine-compatible and uses a proof-of-liquidity consensus mechanism.
Multi-layer yield generation strategies
Users will be able to earn yield on their assets by depositing Bitcoin or equivalent assets into the SolvBTC.BERA. The launch opens up multi-layer yield generation strategies that include Solv Season 2, Babylon, Berachain rewards, Kodiak, Dolomite, and Goldilocks.
Tokens within the Berachain ecosystem
Berachain’s ecosystem utilizes a tri-token model with BERA as the native gas token and HONEY as the stablecoin. The issuance fees of the latter go to BGT holders, which is Berachain’s primary reward and governance token.
The launch of SolvBTC.BERA provides new earning opportunities for BTC holders and supports the development of the Berachain ecosystem through effective yield generation strategies.
