SolvBTC.ENA is a yield-bearing Liquid Staking Token (LST) that enables Bitcoin holders to participate in Ethena’s basis trade strategy while maintaining Bitcoin exposure. By using Bitcoin as collateral to borrow stablecoins, SolvBTC.ENA allows users to mint and stake Ethena’s USDe, generating returns from Ethereum staking and delta hedging derivative positions. Rewards include sUSDe yields, Ethena SATs, and Solv Points, with profits subject to a 20% performance fee. As a liquid token, SolvBTC.ENA remains accessible across multiple blockchain networks, providing enhanced DeFi integration. Users benefit from passive yield growth, security, and flexible redemptions. Developed by Solv Protocol, SolvBTC.ENA is part of a broader ecosystem designed to unify Bitcoin liquidity and maximise its utility in decentralised finance.
