SOLV, a protocol for decentralized financing on Bitcoin, has integrated with Chainlink to feed a new secure exchange rate feed for its Token Solvbtc on Ethereum.
Summary
- SOLV protocol uses the proof of Chainlink’s reserves to guarantee a secure price logic for his packed Bitcoin assets.
- With the secure exchange rate feed, Defi protocols can use SOLVBTC at Onchain -Loingen.
SOLV protocol uses the proof of Reserves solution from Chainlink (link) to bring a new SOLVBTC-BTC-Secure exchange rate feed to the Ethereum (ETH) Network, Chainlink announced On Monday.
In addition to the Chainlink Por, SOLV protocol will use its own institutional Bitcoin (BTC) financial infrastructure to enable real-time colland verification for SOLVBTC-BTC.
In the collaboration, SOLV now offers real-time proof of reserves for its packed BTC assets, making a reliable and manipulated repayment rate possible for decentralized financial protocols that offer Onchain loans with Solvbtc assets. Ethereum has the leading Defi -market ecosystem, led by platforms such as Aave.
“We are delighted to see SOLV set a new benchmark for packed asset transparency with the launch of the secure exchange rate drill that is driven by Chainlink proof or reserve. By combining real-time collateral verification with exchange rate logic, this solution supplies an enlargement of the security of the security razed for rowing in Cryptukte rooted for the rigging of the security of the security of the security. Assiva about Defi, Johann, Chief Business Officer at Chief Labs at Chief Labs, Chief Business Officer, Chief Business Officer, Chief Business Officer, Chief Business Officer, Chief Business Officer, Chief Business Officer, Chief Business Officer, Chief Business, Chief Business.
SOLV adds a secure mint function
The secure exchange rate feed uses built-in upper and lower limits of POR data, making it feed-resistant at price manipulation.
The secure exchange rate feed is also the interoperability protocol of Chainlink to gain access to Multichain access. Lending protocols such as Aave can use this verified SOLVBTC-BTC speed for transparent collateralization and insurance.
SOLV protocol also uses the safe Mint function of Chainlink to ensure that mivesting the packed BTC activity only takes place when there are sufficient reserves Bitcoin for 1: 1 support.
SOLV has more than 25,000 BTC plotted and more than $ 2.5 billion in total value locked, with the functions of the Bitcoin strike platform also the loans and yields. The team recently launched the BTC+ Vault, a Bitcoin yield safe that was designed to help holders unlock the yield with their inactive bitcoin.
BTC+ aggregates capital and implements it about revenue generating strategies such as deployment, basic arbitrage and onchain credit markets.
