OKX Ventures Announces Investment in Bitcoin Pledging Platform Solv Protocol
According to official news, OKX Ventures announced an investment in Bitcoin staking platform Solv Protocol, which will accelerate product development and expand its innovative staking abstraction layer (SAL) ecosystem with a focus on creating cutting-edge Bitcoin staking solutions that enhance the role of Bitcoin beyond store of value, deep into decentralized finance (DeFi) and other application fields.
As the leading Bitcoin staking platform, Solv Protocol provides a comprehensive solution through its Staking Abstraction Layer (SAL), designed to simplify and standardize Bitcoin staking across various blockchain ecosystems. SAL allows the creation of diverse Bitcoin staking assets, providing users with the opportunity to staking, re-staking, and DeFi strategies. To date, Solv has launched Babylon LST (SolvBTC. BBN), CoreDAO LST (SolvBTC. Core), and Ethena LST (SolvBTC. ENA).