Enable SolvBTC.BBN/SolvBTC (0.05% fee tier) V3 gauge on BNB Chain

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Overview

  • Proposal to enable SolvBTC.BBN/SolvBTC 0.05% V3 gauge on BNB Chain.

Background

  • SolvBTC, the one-stop shop for the best bitcoin yields and the key to BTCFi on every chain
  • SolvBTC.BBN is a staking liquid token of Babylon.
  • To better support the synergies of SolvBTC and SolvBTC.BBN on BNB Chain, a decent liquidity pool is necessary to be established.

Details

  1. **[Boost Multiplier and Emission Cap % ]
    1.00x boost multiplier and 0.5% emission cap
  2. Audits:
    GitHub - solv-finance/Audit: Audit reports of SOLV Protocol
  3. Token Utility:
    SolvBTC is minted from BTCB on BNB Chain, pegged 1:1 to WBTC
    SolvBTC.BBN is a staking liquid token of Babylon, minted from SolvBTC.
  4. Volatility:
    SolvBTC is now redeemable to BTCB 1:1
    The price of SolvBTC.BBN will be increasing against SolvBTC(BTCB) according to the staking yield of Babylon.
  5. Oracles:
    We’re working with Binance Oracle, RedStone and ChainLink for the Oracles deployment of SolvBTC and SolvBTC.BBN on multiple chains.
  6. Control:
    0xf940230a3357971fe0F22E8C144BC70d9fA91d43
  7. Merit: How will this proposal benefit PancakeSwap (fees, marketing, users, etc.)?
    Solv Point System will reward the users who provide liquidity for SolvBTC.BBN/SolvBTC with 14xp/$/day
  8. Vault Strategy (for Position Managers only): What strategy does the vault use? Broadly, how does it work? Please share documentation if possible

Links

  1. Token address
    SolvBTC: 0x4aae823a6a0b376de6a78e74ecc5b079d38cbcf7
    SolvBTC.BBN: 0x1346b618dc92810ec74163e4c27004c921d446a5
  2. Liquidity pool address
    PancakeSwap
  3. Position manager vault address (if applicable)
  4. Website
    Solv App – Decentralized Liquidity Infrastructure
  5. Socials
    x.com
  6. Documentation
    What is Solv? | Solv Documentation
  7. Github
    solv-finance · GitHub
  8. Any other relevant links
2 Likes
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Thank you for your application! The Kitchen has enabled the SolvBTC.BBN/SolvBTC 0.05% fee tier on BNB Chain with 1x boost multiplier and 0.5% emissions cap.

1 Like