SolvBTC.BBN is a Liquid Staking Token (LST) representing staked Bitcoin in the Babylon ecosystem. Pegged 1:1 with Bitcoin, it enables holders to earn staking rewards while maintaining liquidity for DeFi participation. Users benefit from Babylon’s PoS staking yields, Babylon Points, Solv XP, and additional DeFi rewards. SolvBTC.BBN integrates seamlessly with decentralised applications, allowing Bitcoin holders to provide liquidity, engage in lending, and earn yield while retaining exposure to BTC. Assets are safeguarded by Ceffu’s custodial services, ensuring institutional-grade security. Gas fees are covered during the first staking epoch to facilitate lossless staking. Redemption requests are processed three times monthly, providing flexibility for users. Developed by Solv Protocol, founded by Ryan Chow, Will Wang, and Mike Meng, SolvBTC.BBN enhances Bitcoin’s role in DeFi by unlocking staking opportunities across multiple blockchain ecosystems.
