Solv Protocol Launches SolvBTC.BERA, Enabling Bitcoin Yield Generation on Berachain
Solv Protocol introduced the SolvBTC.BERA vault on January 13, integrating Bitcoin holders into Berachain’s decentralized finance (DeFi) ecosystem. This new vault offers Bitcoin and Bitcoin-equivalent asset holders an opportunity to generate yield within Berachain, an Ethereum Virtual Machine (EVM)-compatible blockchain utilizing a proof-of-liquidity consensus mechanism.
Through the SolvBTC.BERA vault, users can deposit Bitcoin, SolvBTC, wrapped Bitcoin, or Coinbase-wrapped Bitcoin to access yield-generation strategies across Berachain’s multi-layered ecosystem. These layers include Solv Season 2, Babylon, Berachain rewards, Kodiak (a liquidity hub), Dolomite (a decentralized money market and DEX platform), and Goldilocks.
To incentivize early adoption, Solv Protocol launched the Boyco pre-deposit campaign, rewarding early users as the vault goes live. However, users should note that deposits into SolvBTC.BERA will be subject to a 90-day lockup period from the launch of Berachain’s mainnet.
Berachain operates with a tri-token model: BERA as the native gas token, HONEY as the stablecoin, and BGT as the primary reward and governance token. While BERA and HONEY are tradable, BGT is non-liquid and non-transferable. The issuance fees for the HONEY stablecoin are distributed to BGT holders, strengthening the governance mechanism within the ecosystem.
