Solv Protocol taps into Chainlink to power SolvBTC price logic on EthereumSolv Protocol taps into Chainlink to power SolvBTC price logic on Ethereum

Solv Protocol integrates Chainlink to secure SolvBTC rate feed on Ethereum

2 min read

Solv, a protocol for decentralized finance on Bitcoin, has integrated with Chainlink to power a new Secure Exchange Rate feed for its token SolvBTC on Ethereum.

Summary
  • Solv Protocol will tap into Chainlink’s Proof of Reserves to ensure secure pricing logic for its wrapped Bitcoin asset.
  • The Secure Exchange Rate feed allows DeFi protocols to leverage SolvBTC in onchain lending.

Solv Protocol is tapping into Chainlink (LINK)’s proof of reserves solution to bring a new SolvBTC-BTC Secure Exchange Rate feed to the Ethereum (ETH) network, Chainlink announced on Monday.

As well as Chainlink’s PoR, Solv Protocol will leverage its own institutional-grade Bitcoin (BTC) finance infrastructure to enable real-time collateral verification for SolvBTC-BTC.

The collaboration sees Solv now offer real-time proof of reserves for its wrapped BTC asset, allowing for a reliable and tamper-resistant redemption rate for decentralized finance protocols that offer onchain lending with SolvBTC assets. Ethereum has the leading DeFi market ecosystem, led by platforms like Aave.

Solv adds secure mint feature

The Secure Exchange Rate feed uses built-in upper and lower bounds from PoR data, making the feed resistant to price manipulation.

Also powering the Secure Exchange Rate feed is Chainlink’s cross-chain interoperability protocol to enable multichain access. Lending protocols like Aave can tap into this verified SolvBTC-BTC rate for transparent collateralization and underwriting.

Solv Protocol is also leveraging Chainlink’s Secure Mint feature to ensure minting of the wrapped BTC asset only occurs when there are sufficient reserves of Bitcoin for 1:1 backing.

Solv boasts over 25,000 BTC staked and more than $2.5 billion in total value locked, with the Bitcoin staking platform’s features also including lending and yield vaults. The team recently launched the BTC+ vault, a Bitcoin yield vault designed to help holders unlock yield with their idle Bitcoin.

BTC+ aggregates capital and deploys it across yield-generating strategies such as staking, basis arbitrage, and onchain credit markets.

Market Opportunity
Solv Protocol Logo
Solv Protocol Price(SOLV)
$0.005586
$0.005586$0.005586
-16.99%
USD
Solv Protocol (SOLV) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now?

The post Is Putnam Global Technology A (PGTAX) a strong mutual fund pick right now? appeared on BitcoinEthereumNews.com. On the lookout for a Sector – Tech fund? Starting with Putnam Global Technology A (PGTAX – Free Report) should not be a possibility at this time. PGTAX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on various forecasting factors like size, cost, and past performance. Objective We note that PGTAX is a Sector – Tech option, and this area is loaded with many options. Found in a wide number of industries such as semiconductors, software, internet, and networking, tech companies are everywhere. Thus, Sector – Tech mutual funds that invest in technology let investors own a stake in a notoriously volatile sector, but with a much more diversified approach. History of fund/manager Putnam Funds is based in Canton, MA, and is the manager of PGTAX. The Putnam Global Technology A made its debut in January of 2009 and PGTAX has managed to accumulate roughly $650.01 million in assets, as of the most recently available information. The fund is currently managed by Di Yao who has been in charge of the fund since December of 2012. Performance Obviously, what investors are looking for in these funds is strong performance relative to their peers. PGTAX has a 5-year annualized total return of 14.46%, and is in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 27.02%, which places it in the middle third during this time-frame. It is important to note that the product’s returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund’s [%] sale charge. If sales charges were included, total returns would have been lower. When looking at a fund’s performance, it…
Share
BitcoinEthereumNews2025/09/18 04:05
“Vibes Should Match Substance”: Vitalik on Fake Ethereum Connections

“Vibes Should Match Substance”: Vitalik on Fake Ethereum Connections

Vitalik Buterin criticized L2s that use optimistic bridges without adding meaningful technical innovation. Ethereum’s base layer is scaling, reducing the need for
Share
LiveBitcoinNews2026/02/06 11:30
Why Bitcoin Crashed Below $69,000 — Causes & Outlook

Why Bitcoin Crashed Below $69,000 — Causes & Outlook

Cryptsy - Latest Cryptocurrency News and Predictions Cryptsy - Latest Cryptocurrency News and Predictions - Experts in Crypto Casinos Bitcoin crash explained:
Share
Cryptsy2026/02/06 11:20