OKX Ventures Invests in Solv Protocol, a Pioneering Bitcoin Staking Platform
OKX Ventures today announced that it has invested in Solv Protocol, a pioneering bitcoin staking platform. This new capital injection will drive the expansion of Solv’s Staking Abstraction Layer (SAL) and promote widespread adoption of Bitcoin staking.
As the market’s largest Bitcoin staking platform, Solv has attracted over 21,000 BTC and gained the trust of more than 400,000 users since April 2024. Remarkably, over 80% of these BTC have been deployed in yield-generating strategies, heralding a new era of Bitcoin liquidity.
Solv has already introduced three Liquid Staking Tokens (LSTs): Babylon (SolvBTC.BBN), CoreDAO (SolvBTC.CORE) and Ethena (SolvBTC.ENA). Each LST offers unique yield opportunities, including restaking yields, validator rewards, DeFi ecosystem yields and delta-neutral trading strategies. The SAL Framework now unifies these offerings, enhancing scalability and enabling cross-chain interactions. In the coming weeks and months, Solv plans to launch additional products within the SAL framework.
To learn more about OKX Ventures, visit https://www.okx.com/ventures.
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About Solv Protocol
Solv Protocol is the leading Bitcoin staking platform, utilizing SolvBTC to unlock the full potential of over $1 trillion in Bitcoin assets. By providing a fully transparent Proof-of-Reserve, incorporating diverse reserve assets, and enabling access to Bitcoin Liquid Staking Tokens, Solv offers a comprehensive gateway to BTCFi, paving the way for traditional funds to confidently enter the crypto world.
Solv Protocol is backed by prominent investors such as Binance Labs, Blockchain Capital, Laser Digital, and others. Solv Protocol has undergone extensive security audits by leading firms, including Quantstamp, Certik, SlowMist, Salus, Secbit and Hexagate.
About OKX Ventures
OKX Ventures is the investment arm of the second-largest crypto exchange by trading volume and Web3 technology company OKX, with an initial capital commitment of USD 100 million. It focuses on exploring the best blockchain projects on a global scale, supporting cutting-edge blockchain technology innovation, promoting the healthy development of the global blockchain industry, and investing in long-term structural value.
Through its commitment to supporting entrepreneurs who contribute to the development of the blockchain industry, OKX Ventures helps build innovative companies and brings global resources and historical experience to blockchain projects.
Find out more about OKX Ventures here.
