SolvBTC TVL Exceeds $1 Billion: How to Maximize Farming Yields?
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SolvBTC TVL Exceeds $1 Billion: How to Maximize Farming Yields?
SolvBTC is a Liquid Yield token designed for Bitcoin, aiming to unlock the potential of idle Bitcoin.
Navigating Web3 tides with focused insightsAuthor: Ash
Compiled by: TechFlow
@SolvProtocol team has accumulated over $1.1 billion in TVL (Total Value Locked), ranking among the top on @DefiLlama's tracking leaderboard (ranked 33rd at the time of writing).
Reaching a $1 billion TVL is an impressive achievement, especially considering the team only launched SolvBTC in March.
1. Solv Protocol and SolvBTC Overview
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SolvBTC is a Liquid Yield token designed for Bitcoin, aiming to unlock the potential of idle Bitcoin.
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To advance BTCFi (Bitcoin Finance), SolvBTC will focus on the following areas:
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Become a one-stop platform for Bitcoin yield.
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Serve as the key to BTCFi on every chain.
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Generate attractive yields through Bitcoin staking, restaking, and delta-neutral strategies.
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Solv will also act as a gateway for both existing and newly launched BTCFi projects across chains, ensuring ample liquidity and continuing to drive BTCFi growth.
Below are detailed insights into various aspects of BTCFi, along with how I personally utilize SolvBTC:
2. How to Farm
I am highly optimistic about SolvBTC's flexibility.
Do I want to farm yield with Bitcoin? Or would I prefer points? Or both? Depending on your needs, your approach to using SolvBTC may vary.
Personally, I allocate part of my funds to point farming, as it’s also a great way for me to explore various dApps and chains.
Since SolvBTC currently operates across three source chains (@BNBCHAIN, @arbitrum, and @MerlinLayer2), I not only farm on these source chains but also experiment with non-source chains and different types of points.
My specific approach:
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Farm in the SolvBTC @ethena_labs yield vault on Arbitrum to earn 10–15% yield and 2.5x Solv points.
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Farm on @airpuff_io on Merlin to earn 2x Solv points.
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Bridge Bitcoin from BNB to @avalonfinance_ (Core) to receive a 5x Spark multiplier (bridge link).
Through this method, I achieve five goals with a single SolvBTC: generating Bitcoin yield, earning Solv points, participating in Airpuff events, obtaining a 5x Spark multiplier, and engaging in other chain activities (such as on Merlin, Core, etc.).
The team has also created a regularly updated cheat sheet to help users choose the best SolvBTC strategy based on their individual needs.
3. Conclusion
My strategy achieves the goals I’ve set for my capital:
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Capital efficiency (using one asset to farm across X chains and Y protocols).
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Yield generation (via the newly launched Ethena yield vault).
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Points accumulation (Solv points and others).
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@ahboyash
