Solv Protocol price

New observation on solv, the Bitcoin ecosystem has only a few glories left.

SolvBTC is becoming the BTC reserve for @soneium 🫡

: : The Expansion of Bitcoin Ecosystem is Inevitable Bitcoin is undeniably entering a new phase of development. Following a comprehensive review of the Bitcoin ecosystem during the recent Bitcoin Conference in June, it's become clear that Bitcoin's technological infrastructure is experiencing rapid, transformative growth. The fastest-growing segments of Bitcoin's ecosystem include: - Restaking and liquid staking centered around @babylonlabs_io, @Lombard_Finance and @SolvProtocol - Advanced L2 solutions implementing enhanced BitVM and incorporating @SuccinctLabs SP1 and @RiscZero zkVM for trust-minimized bridges - Major L1 chain's pushing BTC Initiatives, onboarding BTCFi projects Since there were notable updates recently, I would like to introduce them here. 1. @babylonlabs_io - Proposed reducing Bitcoin staking withdrawal times from approximately 7 days to around 50 hours. This T+2 settlement standard aligns with traditional finance requirements, making Babylon staking significantly more attractive to institutional participants. - Collabed with @krakenfx to launch Bitcoin staking services - $BABY got listed on Korean major exchange, Upbit 2. @SuiNetwork pushing BTCFi initiatives - Sui has emerged as the most aggressive promoter of BTCFi initiatives, approaching Bitcoin integration with serious technical sophistication. - Cofounder @EmanAbio has published detailed analyses of Sui's BTCFi strategy; directly supporting BTC bridging in chain-level infrastructure, such as @ikadotxyz's 2PC-MPC bridge and Sui's native BTC bridge. - Been actively onboarding BTCFi projects, like Lombard and Native, with - BTC-related assets now comprising over 10% of Sui's total capital. 3. @aave discussing BTC L2 Integration - @build_on_bob submitted a proposal to Aave governance, suggesting the addition of SolvBTC / openUSDT. 4. BitVM - BitVM3 whitepaper released - Proposes dramatically reduced proof size and costs 5. @citrea_xyz - Announced roadmap to launch Bitcoin's first zk-rollup through BitVM + @boundless_xyz Bitcoin's ecosystem is developing at an unprecedented pace, coinciding with favorable price momentum that creates optimal conditions for ecosystem projects. This convergence of technical innovation, institutional adoption infrastructure, and market conditions suggests we're witnessing a pivotal moment in Bitcoin's evolution from digital gold to comprehensive financial infrastructure. The key is capitalizing on this momentum while the conditions remain favorable :) Hope Bitcoin ecosystem leverage this momentum wisely and capture the market in a near future!

The US stock market, BTC, and gold have all reached new highs. However, it feels like there's not much to do, as I entered the space relatively late. I got into DEFI and excitedly bought ETH at the peak of the bull market. But DEFI is a product of 2020-2022, and my understanding lagged a version behind, resulting in a dismal outcome, holding ETH and some DEFI altcoins, and being educated harshly by the market. The good thing is that I restrained myself from over-investing in coins; otherwise, I probably wouldn't have the courage to buy coins again in the future. Then, through arbitrage, DEFI helped me recover my losses. Thanks to the BTCFI narrative line from @babylonlabs_io + @SolvProtocol + @AVALON, and the PAYFI line from @humafinance, the airdrops from these two narratives provided me with some unexpected returns. The remaining funds mainly come from various staking/LP incentives + funding fees. To be honest, this yield isn't considered high within the space, but compared to outside the space, it's shockingly high. It's all still a matter of understanding, gradually realizing where the excess returns of various assets in the crypto space lie, and where the consensus BETA is. It's somewhat regrettable and helpless that in the BTCFI narrative, BTC is mined after hedging. If I were to buy, it would be a different story. Currently, BTC is being roasted on the fire by institutions, forming a conspiracy, with MicroStrategy issuing preferred shares to leverage up, hoarding BTC, and the spot market shifting from retail to institutional hands. The financing cost of preferred shares is around 8%-10%, and MicroStrategy's average cost for BTC is around 70,000. BTC would need to enter a long-term downward bear market for MicroStrategy to be forced to sell BTC to repay debts, creating a negative cycle. However, BTC's annualized compound growth rate over the past decade is 40%. In other words, a 40% compound growth rate covers a 10% financing cost of preferred shares, resulting in a net interest margin of 30%. Perhaps this is the true BTCFI.

I had the pleasure of interviewing the Co-Founder of @SolvProtocol, @RyanChow_DeFi recently. We talked about all things BTCfi, BTC Yields, Solv, and why they chose to make a yield-bearing BTC instead of another yield bearing stablecoin, and how that bet has paid off for them.