SolvBTC.BBN TVL Surpasses $13 Million Within 6 Hours of Pendle Launch
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September 19, 2024
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Foresight News: SolvBTC.BBN TVL Surpasses $13 Million Within 6 Hours of Pendle Launch, LP Rewards Reach 100%
Foresight News reports that SolvBTC.BBN's TVL (Total Value Locked) surpassed $13 million within six hours of launching on Pendle. LP (Liquidity Provider) rewards have reached 100%.
The SolvBTC.BBN (Corn) pool offers users three ways to earn:
- Yield Token (YT) Leverage Mining: Earn by providing liquidity and utilizing leverage.
- Principal Token (PT) Fixed Income: Earn a guaranteed fixed return on your investment.
- Liquidity Provider (LP) Rewards: Earn rewards for providing liquidity to the pool.
SolvBTC.BBN is a Babylon LST (Liquid Staking Token) developed through a partnership between Solv and Babylon. Users receive 25% of the current total Babylon yield.
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