Solv Protocol Launches RWA-Backed Bitcoin Yield Token SolvBTC.AVAX on Avalanche

Odaily News Solv Protocol announced that it has launched its yield-based Bitcoin token SolvBTC.AVAX on the Avalanche blockchain. SolvBTC.AVAX aims to provide yield to Bitcoin holders by investing in tokenized real-world assets (RWA). These RWAs include U.S. Treasury bonds and private credit from institutions such as BlackRock and Hamilton Lane. The token generates yield through a multi-protocol strategy involving multiple protocols such as Elixir, Euler, and Re7, and the yield will be issued in BTC format. (Cointelegraph)