Solv Protocol to Launch BTC Staking Solution Based on SolvBTC.BBN

Solv Protocol to Launch BTC Staking Solution Based on SolvBTC.BBN

## Solv Protocol Announces BTC Staking Solution for SolvBTC.BBN Users Multi-chain liquidity infrastructure Solv Protocol has announced its partnership with Binance-backed custodial platform, Cephu, and BTC staking protocol, Babylon, to launch a BTC staking solution for users of Bitcoin Liquid Staking Token (LST), SolvBTC.BBN. The collaboration will involve integrating Babylon's protocol with Cephu's MPC custodial wallet. Solv Protocol and Cephu will also co-design the technical framework and conduct testing of the staking process to ensure enhanced security of SolvBTC.BBN assets while providing a more convenient and secure liquid staking experience. "This collaboration is a testament to our commitment to unlocking the value of BTC, combining Solv Protocol's BTC reserves with Cephu's institutional-grade custody, and Babylon's innovative staking protocol," said Ian Loh, CEO of Cephu. ## How the Solution Works The SolvBTC.BBN token is a liquid staking token that allows users to stake their BTC and earn rewards without giving up custody of their assets. The tokens can be traded, transferred, or used as collateral in other DeFi applications. Babylon is a BTC staking solution that provides secure and transparent staking services. The protocol uses a distributed network of nodes to validate transactions and secure the network. Cephu is a custodial platform that provides secure storage and management of digital assets. The company uses MPC technology to protect users' assets from unauthorized access. ## Benefits of the Solution The collaboration between Solv Protocol, Cephu, and Babylon will provide users with several benefits, including: Increased security: The combination of Solv Protocol's BTC reserves, Cephu's institutional-grade custody, and Babylon's innovative staking protocol will provide a secure and reliable BTC staking solution. Convenience: Users can easily stake and unstake their BTC using the SolvBTC.BBN token. The tokens can be traded, transferred, or used as collateral in other DeFi applications. * Passive income: Users can passively earn rewards by staking their BTC in the Babylon network.