Solv and Babylon jointly launched SolvBTC.BBN, a liquid staking token, raising more than 500 bitcoins within 14 hours of launch

Odaily News Yesterday, Bitcoin liquidity protocol Solv Protocol launched Babylon's liquidity pledge token SolvBTC.BBN on multiple networks including Ethereum, Arbitrum, BNB Chain and Merlin Chain. Only 14 hours after the launch, the first phase of the minting quota of 500 SolvBTC has been filled, and the sales have been suspended and are waiting for the second phase to open. SolvBTC.BBN is a liquidity pledge token launched by Solv and Babylon, which enables Bitcoin asset users on different networks to participate in Bitcoin staking by minting SolvBTC.BBN, and obtain liquidity through SolvBTC.BBN, a liquidity pledge token, and gain more benefits in multiple DeFi ecosystems. Solv Protocol's investors include well-known institutions such as Binance Labs, Blockchain Capital and Nomura Securities, and the current TVL exceeds US$1.1 billion.