Solv Protocol Staked BTC
XSOLVBTC
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
Whale Pulse
Large transaction flow (>$10k)
No whale transactions >$10k detected recently for XSOLVBTC.
AI Analysis
Comprehensive evaluation of the token
XSOLVBTC (Solv Protocol Staked BTC) stands out as a market-leading Bitcoin Liquid Staking Token (LST), effectively solving the 'idle liquidity' problem for Bitcoin holders by offering a yield-bearing, composable DeFi asset. The protocol achieves a high weighted score driven by excellent active development and a credible, public team backed by industry giants like Binance Labs and Blockchain Capital. The project differentiates itself technically through its Staking Abstraction Layer and the use of the ERC-3525 standard, allowing for diverse yield sources beyond simple lending. Security is a strong suit, with multiple audits from top-tier firms (Quantstamp, CertiK) and a substantial bug bounty program, although a recent social media breach highlights the need for tighter operational security. Tokenomics are robust, utilizing a non-inflationary model where yield is reflected in the token's value or balance, making it superior to traditional wrappers like WBTC. While community growth is impressive, it is currently heavily fueled by point incentives, suggesting a need to transition toward organic governance participation. Overall, Solv Protocol combines strong fundamentals, massive TVL, and high utility, positioning it as a dominant player in the BTCFi narrative.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Solv Protocol Staked BTC (XSOLVBTC)
Solv Protocol Staked BTC (XSOLVBTC)
Solv Protocol Staked BTC (XSOLVBTC) is an ERC-20 token representing Bitcoin locked into staking contracts within the Solv Protocol ecosystem. XSOLVBTC brings staked BTC exposure to Ethereum DeFi, combining on-chain transparency with automated reward accrual.
Key Features
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1:1 BTC Backing
Each XSOLVBTC token is fully backed by Bitcoin deposited into Solv Protocol’s audited staking contracts. -
ERC-20 Compatibility
Seamless integration with wallets, decentralized exchanges, lending platforms, and yield aggregators. -
Automated Yield
Staking rewards are accrued on-chain and reflected in the XSOLVBTC supply balance over time. -
Transparent Reserves
On-chain proof of reserves and publicly auditable smart contracts ensure security and trust.
Use Cases
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Liquidity Provisioning
Provide staked BTC liquidity on DEXs and AMMs. -
Collateralization
Use XSOLVBTC as collateral in lending/borrowing protocols. -
Cross-Chain DeFi
Access staked BTC in Ethereum-based yield strategies and asset pools.
Technical Details
- Token Name: Solv Protocol Staked BTC
- Symbol: XSOLVBTC
- Standard: ERC-20
- Network: Ethereum
Resources
- Official Website: https://solv.finance
- Documentation: https://docs.solv.finance
- GitHub: https://github.com/solv-finance
