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Cytonic, Layer-1 Chain With ‘MultiVM’ Design, Raises $8.3M in Seed Round

Solv Protocol, a Bitcoin staking platform, has introduced a classification system for the underlying assets of its SolvBTC reserve, dividing them into Core Reserve (native BTC, Binance-backed BTCB) and Innovative Reserve (wrapped assets like WBTC, cbBTC), according to the team: “This setup enhances stability and risk management through minting caps and cross-chain rate limits on the Innovative Reserve. Now one of the largest multichain BTC liquid staking token issuers, Solv spans 10+ networks, including Ethereum and BNB Chain, with over 24,000 BTC ($2 billion) in reserves, offering secure, yield-generating opportunities in DeFi.”

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Bradley Keoun

https://www.coindesk.com/tech/2024/11/07/protocol-village/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

2024-11-07 13:34:36

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