TechFlow News, DeFi protocol Tranchess announced the launch of a new SolvBTC.BBN fund aimed at enhancing users' overall BTC staking experience.
Built upon the existing SolvBTC fund structure, this new fund upgrades its underlying asset from SolvBTC to SolvBTC.BBN.
SolvBTC.BBN is a liquid staking token received by users who stake Bitcoin within the Babylon ecosystem via the Solv protocol. The new fund offers four tokens: turPSBBBN (maximizing points rewards), staYSBBBN (offering a fixed 12% annualized yield), sbbbnQUEEN (1:1 redeemable with SolvBTC.BBN), and staYSBBBN-SolvBTC.BBN LP token (for composite returns). The fund will conclude on December 7, 2024, at 14:00 UTC, with no lock-up period.
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