Bitcoin strike Platform SOLV Protocol has entered into a strategic partnership with Soneium, the Ethereum Layer 2 Blockchain supported by the Japanese Sony Group, which expands BTC deployment to the network.
Announced on March 6 on the official medium -sized page of SOLV Protocol, this partnership strives for Bitcoin (BTC) and the expansion of the decentralized financial ecosystems of Ethereum (ETH).
Because of this integration, SOLVBTC holders can use their assets, earn rewards and gain access to cross-chain liquidity within the Soneium ecosystem. SOLVBTC is a token that is supported by Bitcoin, earned when users deposit Bitcoin into SOLV protocol.
In addition, SOLVBTC Liquid STACK TOKENS, SOLVBTC.LSTS, enable advanced yield strategies, which improves the scalability and flexibility of Bitcoin users. An important part of the initiative is SOLV’s strike -abstraction layer, making it easier to use on different block chains.
Sal enables Bitcoin owners to take part in Defi more easily, which means that the possibilities of the cryptocurrency go beyond simple detention or trade.
Soneium, developed by Sony Block Solutions Labs in collaboration with Web3 infrastructure company Startale, has quickly received a grip in Defi. The high-performance infrastructure was launched in August 2024 and was designed to support creative and innovative decentralized applications. According to Defillama factsThe total value has reached $ 45 million on 19 DAPPS from 6 March.
The network already has incorporated More than 47 million transactions and have collected 4 million active addresses. Some of the fastest growing Defi applications, including decentralized fairs such as Kyo Finance, Velodrome and Sonex, can be found in the ecosystem of Soneium.
As more investors are looking for ways to earn passive income from Bitcoin, this partnership comes at a time when Bitcoin is becoming increasingly popular. Although details about future collaborations are unclear, both teams have suggested that more developments are on their way to expand the use of Bitcoin in Defi.
