From Cointelegraph

May 16, 2025 4:35 PM:

Solv Protocol introduces yield-bearing Bitcoin token on Avalanche blockchain. Token, SolvBTC.AVAX, connects Bitcoin to real-world assets like US Treasurys and private credit. Developed through a seven-way partnership. Token uses multi-protocol strategy to generate yield with Elixir’s deUSD stablecoin. Yield received in BTC format. Elixir deUSD has $220 million market cap.

Solv is a Bitcoin-centric staking platform with over $2.3 billion in total value locked. Demand for Bitcoin yield solutions grows with institutional adoption of digital assets. Coinbase recently launched Bitcoin Yield Fund aiming for 4-8% annual returns. Growing interest in Bitcoin yield noted by CoinShares analyst. Michael Saylor’s Strategy introduces BTC Yield metric with 15.5% year-to-date.

Read more at Cointelegraph: Solv launches new Bitcoin yield product on Avalanche