Binance-backed Solv Protocol introduces Bitcoin staking on Base with cbBTC token
Solv Protocol has launched Bitcoin staking for cbBTC holders on the Base network. cbBTC holders on the Solv protocol can mint SolvBTC and convert it to SolvBTC.BBN for Bitcoin staking yield. cbBTC, backed 1:1 by Coinbase’s BTC holdings, is live on Ethereum and Base for DeFi integration. Solv Protocol, supported by Binance Labs, has unveiled its latest innovation in the cryptocurrency space: Bitcoin staking for holders of the newly launched wrapped Bitcoin token, cbBTC, on the Base network. Solv Protocol x @base Solv Protocol is excited to enhance cbBTC's utility on Base! With this integration, Bitcoin holders can now easily access new opportunities in Base’s growing DeFi world. This is a big step forward, adding even more possibilities for Base as Bitcoin joins… https://t.co/KnZT3lZdiB pic.twitter.com/vYJVmcKszk — Solv Protocol (@SolvProtocol) September 12, 2024 Coinbase’s cbBTC token allows Bitcoin holders to convert their...