Solve Protocol Expands to Hyperliquid Platform

Proposing a New BTCFi Standard in the HyperEVM Ecosystem

The DeFi strategy Bitcoin staking platform Solv Protocol officially launched SolvBTC, xSolvBTC, and SolvBTC.BNB in the HyperEVM ecosystem today. This launch provides Bitcoin holders with new on-chain earning opportunities and is considered an important step in connecting centralized finance (CeFi) and decentralized finance (DeFi).

Currently, over 2,500 Bitcoins are deposited in HyperEVM, with more than 5,000 people holding UBTC. Solv Protocol provides a platform to bring these assets into its own ecosystem, creating an environment where Bitcoin can be converted into various revenue structures.

Users can deposit Bitcoin into the Hyperliquid platform to issue UBTC, connect it to HyperEVM, and then mint SolvBTC in the Solv application. Subsequently, they can convert it to xSolvBTC to earn protocol-based rewards or deposit SolvBTC.BNB to participate in the Binance rewards program. This process is designed in five steps to allow Bitcoin to be converted into a practical revenue asset without complex procedures.

Through this HyperEVM expansion, Solv Protocol has gone beyond simply providing wrapped Bitcoin, actively initiating a Bitcoin activation strategy that enhances profitability and utility. Additionally, by offering additional benefits such as the Hyperliquid S2 airdrop, it has opened the possibility of presenting a new standard in the BTCFi field.

Choi Joo-hoon joohoon@blockstreet.co.kr