Overview
- Proposal to enable SolvBTC.ena/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.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 BNB 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 BTCB on BNB 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 BTCB 1:1 by then.
The price of SolvBTC.ena will be increasing against SolvBTC(BTCB) according to the net value of SolvBTC Ethena Vault(Solv App – Decentralized Liquidity Infrastructure). - Oracles:
We’re working with Binance Oracle and RedStone for the Oracles development of SolvBTC and SolvBTC.ena on BNB Chain. - Control:
0xf940230a3357971fe0F22E8C144BC70d9fA91d43 - 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: 0x4aae823a6a0b376de6a78e74ecc5b079d38cbcf7
SolvBTC.ena: 0x53E63a31fD1077f949204b94F431bCaB98F72BCE - 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