Solv Protocol Launches BTC+ Vault for Automated Yield Generation
Solv Protocol has launched BTC+, an automated vault designed for generating returns on spot market holdings of bitcoin (BTC). Key details include:
- The product utilizes multiple strategies: basis arbitrage, DeFi credit markets, protocol staking, and tokenized real-world assets.
- It addresses the increasing demand for yield among BTC holders, potentially enhancing BTC's appeal as a fixed income-like asset.
- Solv reports holding 17,480 BTC (over $2 billion) on its platform, while over $1 trillion in BTC remains idle with institutions investing in spot exchange-traded funds.
- The vault automates yield generation, offering a base return of 4.5% to 5.5%.
- Features include a dual-layer architecture for custody and execution, Chainlink’s Proof-of-Reserves for verification, and NAV-based drawdown safeguards.
- A Shariah-compliant variant is also available.
- Supported by Binance Labs, Blockchain Capital, Laser Digital, and OKX Ventures.
Co-founder Ryan Chow emphasized the underutilization of bitcoin's yield potential, stating it should do more than sit idle.