Solv Protocol, a blockchain-based company, has released a Bitcoin token that pays a return. This gives investors more access to opportunities for yields backed by RWAs, real world assets.
SolvBTC.AVAX is a new token introduced by the protocol on 16 May. It connects Bitcoin (BTCThe underlying assets are real world assets such as US Treasury securities and private credit offered by BlackRock Hamilton Lane.
The company stated that the token was created through a seven way partnership involving Solv Avalanche Balancer Elixir Euler Re7 Labs LFJ.
Solv Protocol’s founder Ryan Chow stated that the token was a means to connect Bitcoin with “real-world economic cycles” Uncorrelated Assets such as US Government Bonds and Private Credit, instead of BTC’s usual boom-and bust cycle lasting four years.
This token generates yield using a multiple protocol strategy involving Elixir deUSD, Treasurys provided by BlackRock Hamilton Lane through Elixir and Euler, a lending platform that increases RWA exposure.
“The yield is received in BTC format,” A spokesperson for Solv Protocol told Cointelegraph
Solv, a Bitcoin-centric stake platform, offers yield strategies for various decentralized blockchains as well as applications. Industry data shows that the protocol is responsible for more than $2.3b in total locked value.
Related: Bitcoin supply crunch boosts confidence in $200K target for 2025 — Bitwise CIO
Bitcoin yields are increasing as the race for Bitcoins intensifies
The recent institutional adoption of Bitcoin has led to a growing demand for Bitcoin-yield solutions.
Coinbase has launched a new crypto exchange. launched the Bitcoin Yield FundThe aim of this program is to provide annual returns between 4 and 8 percent on BTC.
Coinbase announced that the cash-and carry strategy will earn a yield by purchasing BTC at spot and selling futures contracts correspondingly.
Satish P. Patel, CoinShares analyst, has predicted a rise in the value of CoinShares. growing interest in Bitcoin yield BTC is now more popular than ever, as noted by investors in December. “not only as a store of value but also as a means to generate yields.”
Although there are many different ways to earn Bitcoin, including using derivatives, yield farming or leveraging, Michael Saylor’s Strategy Introduced its own “BTC Yield” The performance of the investment strategy is measured by this metric.
The BTC Yield of Strategy, which is a measure of how much more Bitcoin the company has acquired relative to its shares outstanding, stands at 15.5% for year-to date. according To the Company
Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: cointelegraph.com
