Solv Protocol (SOLV) Price, Charts & Market Data

The SOLV token is the native utility token of Solv Protocol and serves several core functions:

1. Governance: SOLV holders can participate in network governance by voting on proposals that shape the development and operation of the protocol. 2. Staking: Users can stake SOLV to earn protocol emissions through the Staking Abstraction Layer. 3. Fee Discounts: SOLV token holders can access fee discounts on services within Solv Protocol, such as reduced redemption fees for SolvBTC.

Additionally, the SOLV token is involved in the Bitcoin Reserve Offering (BRO), where new tokens are minted and sold as convertible notes to acquire Bitcoin for the protocol’s reserves. This process is designed to expand Solv's Bitcoin holdings and grow its ecosystem.

Solv Protocol was co-founded by:

• Ryan Chow – Chief Executive Officer (CEO) - Meng Yan – Co-founder - Will Wang – Chief Technology Officer (CTO) and Chief Architect These founders led the development of Solv Protocol, focusing on integrating Bitcoin into the decentralised finance (DeFi) space. The project has secured investment from prominent firms, including Binance Labs, Blockchain Capital, Laser Digital, and OKX Ventures.

The protocol operates with decentralised governance through the Solv DAO, where SOLV token holders influence the platform's strategic direction. Governance decisions are executed via smart contracts deployed on the Binance Smart Chain, providing a transparent and community-driven decision-making process.