Solv Protocol launches RWA-backed Bitcoin yield token SolvBTC.AVAX on Avalanche

Odaily News, Solv Protocol announced the launch of its yield-bearing Bitcoin token SolvBTC.AVAX on the Avalanche blockchain. SolvBTC.AVAX aims to provide returns for Bitcoin holders by investing in tokenized real-world assets (RWA). These RWAs include U.S. Treasury bonds and private credit from institutions like BlackRock BUIDL and Hamilton Lane SCOPE. The token generates returns through a multi-protocol strategy involving multiple protocols such as Elixir, Euler, and Re7, with returns distributed in BTC format. (Cointelegraph)