Solv launches new Bitcoin yield product on Avalanche
Solv Protocol has launched SolvBTC.AVAX, a yield-bearing Bitcoin token on the Avalanche blockchain, aimed at providing institutional investors with exposure to yield opportunities linked to real-world assets (RWAs). The token connects Bitcoin to assets like US Treasurys and private credit from BlackRock and Hamilton Lane. Developed through a partnership involving seven companies, the token aims to link Bitcoin to uncorrelated assets, moving away from its typical boom-and-bust cycle. It employs a multi-protocol strategy for yield generation, utilizing Elixir’s deUSD stablecoin and Euler's lending platform. Solv Protocol manages over $2.3 billion in total value locked. The demand for Bitcoin yield solutions is rising, with Coinbase recently launching a Bitcoin Yield Fund offering annual returns of 4% to 8%. Analysts note that investors increasingly view Bitcoin as a means to generate yields, alongside its traditional role as a store of value.
