Solv Protocol Launches Staking Abstraction Layer to Simplify Bitcoin Staking Across Blockchains

Solv Protocol has just rolled out the Staking Abstraction Layer (SAL). This new framework was developed in collaboration with BNB Chain, Ceffu, and Chainlink. Its main goal? To make Bitcoin staking easier and more standard across different blockchains.

The SAL framework simplifies the complexities of Bitcoin staking. Now, BTC holders can access yield more easily while ensuring their assets remain liquid and secure. This is a significant step in unlocking Bitcoin’s potential in decentralized finance (DeFi).

By teaming up with key players, Solv Protocol aims to create a strong and secure Bitcoin staking ecosystem. BNB Chain will help onboard users. Ceffu will provide secure custody solutions. Meanwhile, Chainlink will implement its Cross-Chain Interoperability Protocol (CCIP) to ensure smooth operations across various blockchains.

Right now, Solv Protocol offers three Bitcoin staking products: SolvBTC.BBN on Babylon for re-staking Bitcoin, SolvBTC.Core on Core DAO to enhance network security, and SolvBTC.Ethena, which uses Ethena’s trading strategy. The SAL framework ties these products together, allowing BTC holders to stake across multiple networks and earn yield.

Since April 2024, over 20,000 BTC has been staked through Solv Protocol. Notably, 13,000 BTC came from BNB Chain alone. This shows a growing interest in Bitcoin staking as more integrations come into play. With SAL as its foundation, Solv Protocol is leading the BTCFi movement, enabling Bitcoin to secure Proof-of-Stake (PoS) blockchains and participate in DeFi.

Solv Protocol also serves as a decentralized liquidity infrastructure for ERC-3525 Semi-Fungible Tokens (SFTs). Its main goal is to connect on-chain entities with individual and institutional investors through a robust liquidity network. The protocol provides various solutions, including delta-neutral strategies, yield enhancement opportunities, and structured financial products.

Recently, Solv Protocol announced Bitcoin staking for cbBTC holders on Base. This initiative aims to support secure, cost-effective, and developer-friendly on-chain development. With cbBTC—a wrapped Bitcoin asset created by Base—users can mint cbBTC tokens into SolvBTC, which can then be converted into SolvBTC.BBN.