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Solv partners with Babylon, Pendle, and Corn to launch Bitcoin LST revenue pool

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2024-09-19 13:21:09
On September 19, the SolvBTC. BBN (Corn) pool was officially launched on Pendle, providing users with three income options: leveraged mining points (YT), fixed income (PT) and liquidity market making rewards (LP). 1 hour after the launch, the TVL of the pool exceeded 7 million US dollars, and the LP income was as high as 600%.
SolvBTC. BBN is a BabylonLST launched by Solv in partnership with Babylon, and users can enjoy 25% of the current Babylon total points. The addition of Pendle and Corn further enhances the Solv ecosystem and marks Solv's introduction of BTCFi to the DeFi space.