Today SOLV Protocol has announced a strategic partnership with Chainlink to improve the transparency of his entire TVL protocol. In the complex world of Defi, SOLV has established its name as a prominent protocol that offers Bitcoin stroke services.
It is a Defi platform with which users can use Bitcoin in numerous protocols and ecosystems, while the unparalleled technical infrastructure is used to maintain liquidity.
SOLV -Protocol X @ChainLink Integration is deepened
We are pleased to expand our integration with the reserve advantage of Chainlink to bring more transparency for our $ 2B+ Protocol TVL.
🔹 Transparency on the chain for the total protocol TVL
🔹 Improved trust and security for users
🔹 Building … https://t.co/go9mj8vss9 pic.twitter.com/ugaksgndv8– SOLV Protocol (@Solvprotocol) 10 February 2025
SOLV Empowerment with data from practice
Its success is enormously stimulated by his collaboration with Chainlink, a blockchain abstraction layer that offers data from practice to Dapps and smart contracts. This partnership improves the accuracy and security of the SOLV network and creates an advanced model in the Defi landscape.
The blockchain -abstraction layer of Chainlink plays an imperative role in the Defi world. They serve as links that transport off-chain data securely to applications for chains. Chainlink Oracle Network offers real -time, protected data to Dapps and smart contracts from SOLV, so that they function based on current and accurate information. This possibility is important for SOLV, which depends on precise data to efficiently manage its TVL ratios and collateral values.
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In the Defi world, collateral valuation is essential to ensure that a financial system (such as SOLV) works in a responsible, transparent and clean way. SOLV therefore uses Chainlik’s priceFeeds to get real-time data on token values, so that the Platform can exactly asses the TVL ratios. This partnership ensures that the collateral values of SOLV are constantly updated, so that SOLV can quickly respond to market fluctuations and protect users.
Improve the transparency in transactions
With this collaboration, Chainlink’s Por (proof of reserve) now offers transparency in the chain in SOLV’s entire protocol TVL instead of solvbtc. The Por has provided current data that verify the reserves of SOLVBTC to improve the trust of investors.
Now SOLV is broadening its existing integration with Chainlink Reserve Proof of Reserve to offer transparency in the chain in its entire TVL protocol, not only on SOLVBTC. With this integration, users will have broader visibility throughout the Solv TVL.
Integration of Chainlink’s reserve data on SOLV on-Chain can develop SOLV network automated logic around the reserve data to support its assets. This allows SOLV to also develop new applications and possibilities, such as automatic risk management on the chain.
With this integration, Chainlink’s reserve certificate from Reserve also plays an essential role in the Minting of SOLV Protocol. Minting in the SOLV chain refers to the process of creating new SOLVBTC coins by depositing Bitcoin or packed Bitcoin (BTCB or WBTC). The Chainlink Por helps to secure SOLV’s coin process. It protects against malignant mining by anchoring secure coding that support new tokens with reserve, preventing countless currency attacks.
Chainlink Por-Feeds can be visibly seen by everyone in real time. This is essential because it enables every user to verify SOLV’s assetacollateralization, thereby creating improved transparency and trust in SOLV’s range in SOLV.
