Solv Protocol Launches Liquidity Staking Token SolvBTC.BBN on Babylon
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September 16, 2024
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Solv Protocol, a Bitcoin staking platform, has introduced a new Bitcoin staking method for cbBTC holders on Base. (cbBTC is Coinbase's newly launched wrapped Bitcoin, which launched last week on Ethereum and Coinbase's Ethereum layer-2 network, Base.) According to the Solv team, Solv Protocol allows cbBTC tokens to be minted into SolvBTC, which can be further converted into a new liquid staking token called SolvBTC.BBN. (Coindesk)
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