Solv Launches Bitcoin LST Yield Pool in Partnership with Babylon, Pendle, and Corn
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September 19, 2024
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SolvBTC.BBN (Corn) Pool Launches on Pendle, Offers Three Earning Options
Mars Finance reports that the SolvBTC.BBN (Corn) pool has officially launched on Pendle, providing users with three earning options: Yield Token (YT) staking, Fixed-Term Token (PT) earning, and Liquidity Providing (LP) rewards. Within an hour of launch, the pool's Total Value Locked (TVL) surpassed $7 million, with LP yields reaching as high as 600%.
SolvBTC.BBN is a Babylon LST, a joint venture between Solv and Babylon, that gives users access to 25% of the current Babylon total points. The addition of Pendle and Corn further strengthens the Solv ecosystem, marking Solv's entry into the DeFi space with BTCFi.
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