Overview
- Proposal to enable SolvBTC.ena/SolvBTC 0.05% V3 gauge on Arbitrum Chain.
Background
- SolvBTC, the one-stop shop for the best bitcoin yields and the key to BTCFi on every chain
- SolvBTC.ena is a liquid yield token that integrates with various DeFi protocols, paving the way for a thriving BTCFi ecosystem.
- To better support the synergies of SolvBTC and SolvBTC.ena on Arbitrum Chain, a decent liquidity pool is necessary to be established.
Details
-
**[Boost Multiplier and Emission Cap % ]
1.00x boost multiplier and 0.5% emission cap -
Audits:
GitHub - solv-finance/Audit: Audit reports of SOLV Protocol -
Token Utility:
SolvBTC is minted from WBTC on Arbitrum Chain, pegged 1:1 to BTC
SolvBTC.ena is a liquid yield token on top of SolvBTC. -
Volatility:
SolvBTC will have its redeem feature activated later, so users may redeem SolvBTC back to WBTC 1:1 by then.
The price of SolvBTC.ena will be increasing against SolvBTC(WBTC) according to the net vaule of SolvBTC Ethena Vault(Solv App – Decentralized Liquidity Infrastructure). -
Oracles:
We’re working with RedStone for the Oracles development of SolvBTC and SolvBTC.ena on Arbitrum. -
Control:
0x81a90E44d81D8baFa82D8AD018F1055BB41cF41c -
Merit: How will this proposal benefit PancakeSwap (fees, marketing, users, etc.)?
Solv Point System will reward the users who provide liquidity for SolvBTC/SolvBTC.ena with 10xp/$ -
Vault Strategy (for Position Managers only): What strategy does the vault use? Broadly, how does it work? Please share documentation if possible
Links
- Token address
SolvBTC: 0x3647c54c4c2c65bc7a2d63c0da2809b399dbbdc0
SolvBTC.ena: 0xaFAfd68AFe3fe65d376eEC9Eab1802616cFacCb8 - Liquidity pool address
PancakeSwap - Position manager vault address (if applicable)
- Website
Solv App – Decentralized Liquidity Infrastructure - Socials
x.com - Documentation
What is Solv? | Solv Documentation - Github
solv-finance · GitHub - Any other relevant links