SolvBTC.JUP is a Liquid Staking Token (LST) designed for Bitcoin holders to earn BTC-denominated yields by providing liquidity to Solana’s Jupiter Liquidity Provider (JLP) Pool. Traders use the JLP Pool for leveraged positions, generating returns through trading fees, borrowing fees, and funding rates. SolvBTC.JUP employs a delta-neutral strategy, hedging positions on centralised exchanges to mitigate market risks and stabilise returns. The yield is automatically reflected in the token’s value, allowing passive growth without manual claims. A 25% performance fee applies to all profits, with a 0.6% redemption fee for withdrawals. SolvBTC.JUP is integrated with Solana-based DeFi protocols, with plans for further expansion. The token maintains institutional-grade security and 24/7 risk monitoring to protect user assets. SolvBTC.JUP was developed by Solv Protocol, founded in 2020 by Ryan Chow, Will Wang, and Mike Meng.
