SolvBTC.JUP is a Bitcoin LST on Solana, earning yield via Jupiter’s JLP pool with delta-neutral strategies for stable returns. More
| Fully Diluted Valuation | $66.57M |
|---|---|
| 24H Trading Volume | $323 |
| 24H Low / High | $115.80K / $ 119.01K |
| Circulating Supply | 567.05 |
| Total Supply | 567.05 |
| Max Supply | 21.00M |
| Categories | BNB Chain Ecosystem 2 more |
|---|---|
| Founder | Ryan Chow |
| Website | app.solv.finance |
| Socials | |
| Chains | Binance-smart-chain Ecosystem 2 more |
| Explorer | Solscan 3 more |
| Contracts |
0x38a....f6117
2 more
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| Name | Pair | OG Score |
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Solv Protocol SolvBTC Jupiter ($SOLVBTC.JUP) is a Liquid Staking Token (LST) that integrates Bitcoin’s value into Solana’s decentralized finance (DeFi) ecosystem. Launched by Solv Protocol in October 2024, it allows Bitcoin holders to deposit BTC or wrapped BTC to mint SolvBTC, which is then used to create $SOLVBTC.JUP.
This token represents staked Bitcoin and accrues yield through participation in Jupiter Exchange’s Liquidity Provider (JLP) pool, a major Solana-based decentralized exchange known for high trading volumes and low fees. The JLP pool supports leveraged trading, generating fees from trading, borrowing, and other activities, which are distributed to $SOLVBTC.JUP holders.
Solv Protocol employs a delta-neutral strategy, hedging net open interest on centralized exchanges to minimize exposure to market volatility, targeting stable returns of around 8-12% annually, payable in BTC. Built on Solv’s Staking Abstraction Layer (SAL), $SOLVBTC.JUP maintains liquidity, enabling use in DeFi protocols while ensuring 1:1 BTC backing with transparent reserves. After a pilot phase, it opened to the public in November 2024, marking Solv’s first step into Solana’s ecosystem, with over $13 million in total value locked (TVL).
$SOLVBTC.JUP uniquely combines Bitcoin staking with Solana’s DeFi, using a delta-neutral strategy to deliver stable, BTC-denominated yields via Jupiter’s JLP pool, minimizing volatility risks.
The founders of Solv Protocol SolvBTC Jupiter are anonymous, developed under Solv Protocol with no specific individuals publicly named.
The backers of Solv Protocol SolvBTC Jupiter include Nomura’s Laser Digital, Blockchain Capital, and OKX Ventures, who supported Solv Protocol’s $11 million raise at a $200 million valuation.
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