Solv Launches Bitcoin LST Yield Pool with Babylon, Pendle, and Corn

Article is form Jinse
September 19, 2024
This article is translated by ChatGPT Show original
Back Icon Image

On September 19th, the SolvBTC.BBN (Corn) pool officially launched on Pendle, offering users three earning options: leveraged mining points (YT), fixed income (PT), and liquidity provision rewards (LP). Within one hour of its launch, the pool's Total Value Locked (TVL) surpassed $7 million, with LP yields reaching as high as 600%.

SolvBTC.BBN is a BabylonLST jointly launched by Solv and Babylon, allowing users to earn 25% of Babylon's total points. The addition of Pendle and Corn further strengthens the Solv ecosystem, marking Solv's introduction of BTCFi into the DeFi space.

Back Icon Image
Source
1. Disclaimer: The views expressed are solely those of the author and do not reflect the stance of Gen3. They are not intended as investment advice.
2. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as investment or other advice.