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SolvBTC Babylon Overview
24h High
$71,422.70
24h Low
$70,842.28
24h Change
-0.81%
7d Change
+6.20%
30d Change
+4.44%
Volume 24h
$0
Market Cap
$84.79M
Circulating Supply
1,186 SOLVBTCBBN
SolvBTC Babylon News
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About SolvBTC Babylon
SolvBTC.BBN is a Liquid Staking Token (LST) representing staked Bitcoin in the Babylon ecosystem. Pegged 1:1 with Bitcoin, it enables holders to earn staking rewards while maintaining liquidity for DeFi participation. Users benefit from Babylon’s PoS staking yields, Babylon Points, Solv XP, and additional DeFi rewards. SolvBTC.BBN integrates seamlessly with decentralised applications, allowing Bitcoin holders to provide liquidity, engage in lending, and earn yield while retaining exposure to BTC. Assets are safeguarded by Ceffu’s custodial services, ensuring institutional-grade security. Gas fees are covered during the first staking epoch to facilitate lossless staking. Redemption requests are processed three times monthly, providing flexibility for users. Developed by Solv Protocol, founded by Ryan Chow, Will Wang, and Mike Meng, SolvBTC.BBN enhances Bitcoin’s role in DeFi by unlocking staking opportunities across multiple blockchain ecosystems.
SolvBTC LSTs are tokens designed to enhance the utility of staked Bitcoin while maintaining liquidity. These tokens allow Bitcoin holders to stake their assets, earning yields while still being able to utilise their holdings across DeFi platforms. There are two main types of SolvBTC LSTs: 1. Pegged LSTs: Maintain a 1:1 peg to Bitcoin, enabling seamless transfers across blockchains while preserving liquidity. 2. Yield-Bearing LSTs: Accrue staking rewards over time, offering long-term earning potential while maintaining the flexibility to participate in DeFi ecosystems. Examples of SolvBTC LSTs include: - SolvBTC.BBN: A pegged LST representing Bitcoin staked in the Babylon ecosystem to secure Proof-of-Stake networks. - SolvBTC.CORE: A pegged LST for staking Bitcoin in the CoreDAO ecosystem, generating yields in CORE tokens. - SolvBTC.ENA: A yield-bearing LST leveraging a basis trade strategy within the Ethena ecosystem to generate returns. These tokens are interoperable across multiple blockchains and provide opportunities for yield generation, liquidity provision, and participation in DeFi applications.
SolvBTC.BBN is a Liquid Staking Token (LST) that represents staked Bitcoin within the Babylon ecosystem. Each SolvBTC.BBN token is pegged 1:1 with Bitcoin, ensuring holders retain the full value of their BTC while unlocking additional opportunities in DeFi. Holders of SolvBTC.BBN earn yields from Babylon’s staking mechanisms and benefit from DeFi liquidity, enabling them to utilise their staked Bitcoin across decentralised applications. SolvBTC.BBN also allows users to earn Babylon Points, providing additional rewards and benefits. ### Key Points About SolvBTC.BBN: - Pegged to Bitcoin: Each SolvBTC.BBN token is backed 1:1 by Bitcoin, maintaining its value while earning yields. - Institutional-Grade Security: Assets are safeguarded by Ceffu’s custodial services, ensuring robust protection. - Reward Accumulation: Users earn Babylon Points, Solv XP, and staking yields through participation in the Babylon ecosystem. - DeFi Liquidity: SolvBTC.BBN can be used in DeFi applications, including liquidity provision and lending. - Gas Fee Coverage: In its first staking epoch, Solv covers gas fees, enabling seamless, lossless staking rewards.
SolvBTC.BBN is specifically designed to enhance the utility of Bitcoin within the Babylon ecosystem: 1. Earning Staking Yields: Bitcoin holders earn staking rewards from Babylon’s Proof-of-Stake (PoS) mechanisms. 2. Liquidity Provision: SolvBTC.BBN enables users to deploy their assets in DeFi protocols such as liquidity pools, lending platforms, and yield farming. 3. Reward Accumulation: Holders earn Babylon Points, Solv XP, and DeFi yields through participation in staking and supported protocols. 4. Cross-Chain Access: Users maintain liquidity while accessing multiple blockchain ecosystems.
SolvBTC.BBN was developed by Solv Protocol, founded in 2020 by Ryan Chow, Will Wang, and Mike Meng. The protocol focuses on enhancing Bitcoin’s utility in DeFi by introducing innovative solutions like SolvBTC and its Liquid Staking Tokens (LSTs).
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SolvBTC Babylon Market Data
The live SolvBTC Babylon price today is $70,842.28 USD with a 24-hour trading volume of $0.00 USD. We update our SOLVBTCBBN to USD price in real-time. SolvBTC Babylon is down 0.81% in the last 24 hours.
The current market cap is $84,789,769.18 USD. The circulating supply is 1,186 SOLVBTCBBN.