TechFlow News, October 21 — According to official announcements, OKX has launched its Bitcoin DeFi rewards campaign. Users who mint SolvBTC from BTC.b can share in a reward pool of 1,600 AVAX tokens (approximately $40,000). Afterwards, users can stake their minted SolvBTC on Babylon to earn solvBTC.BBN and receive additional rewards of up to 0.59 SolvBTC (approximately $40,000), while still being eligible for the AVAX rewards.
SolvBTC is a universal Bitcoin reserve token designed to unify cross-chain Bitcoin liquidity. It enables Bitcoin holders to utilize their assets across multiple blockchains, generate yield, and participate in DeFi protocols while preserving Bitcoin's liquidity.
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