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