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Solv Protocol introduces a classification system for SolvBTC's underlying reserve assets, including core reserves and innovative reserves
2024-11-11 04:42
Odaily News Bitcoin staking platform Solv Protocol has introduced a classification system for the underlying assets of SolvBTC reserves, dividing them into core reserves (native BTC, Binance-supported BTCB) and innovation reserves (wrapped assets such as WBTC, cbBTC). The team said: "This setting enhances stability and risk management through the minting cap and cross-chain interest rate restrictions on innovation reserves. Solv is now one of the major multi-chain BTC liquidity staking token issuers, spanning more than 10 networks, including Ethereum and BNB chains, with more than 24,000 BTC ($2 billion) in reserves."