{"id":"solv-protocol-staked-btc","title":"Solv Protocol Staked BTC","content":"**xSolvBTC** is a token representing staked [Bitcoin](https://iq.wiki/wiki/bitcoin) within the [Solv Protocol](https://iq.wiki/wiki/solv-protocol-solvbtc), allowing users to access [DeFi](https://iq.wiki/wiki/defi) applications while retaining [BTC](https://iq.wiki/wiki/bitcoin-btc) exposure. It is backed 1:1 by [Bitcoin](https://iq.wiki/wiki/bitcoin) and operates through a [smart contract](https://iq.wiki/wiki/smart-contract) system that enables [staking](https://iq.wiki/wiki/staking), redemption, and on-chain transparency. [\\[1\\]](#cite-id-6mfQSKYhqO)\n\n## Overview\n\nxSolvBTC is a tokenized asset representing [Bitcoin](https://iq.wiki/wiki/bitcoin) deposited into the [Solv Protocol](https://iq.wiki/wiki/solv-protocol-solvbtc) ecosystem. Built using Solv’s voucher technology, users can maintain exposure to [BTC](https://iq.wiki/wiki/bitcoin-btc) while interacting with [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) applications. Each xSolvBTC is backed 1:1 by [Bitcoin](https://iq.wiki/wiki/bitcoin) and is fully redeemable according to protocol terms.\n\nThe token’s issuance is based solely on the amount of [Bitcoin](https://iq.wiki/wiki/bitcoin) locked in the system, ensuring value alignment without a fixed supply or traditional token sale. [Smart contracts](https://iq.wiki/wiki/smart-contract) govern issuance and redemption, with all activity recorded on-chain for transparency. The protocol aims to unlock idle [Bitcoin](https://iq.wiki/wiki/bitcoin) and connect it with the broader [DeFi](https://iq.wiki/wiki/defi) ecosystem. [\\[1\\]](#cite-id-6mfQSKYhqO) [\\[4\\]](#cite-id-CyZa3ygIpD)\n\n![](https://ipfs.everipedia.org/ipfs/QmPVgsFx7rA5bNfpRTRZ6TedAYKRfufMqHhQbonfnaF8FR)\n\n## Utility\n\nHolders can stake xSolvBTC within the [Solv](https://iq.wiki/wiki/solv-protocol-solvbtc) ecosystem to earn rewards, influence governance, and potentially gain passive income based on [staking](https://iq.wiki/wiki/staking) duration and market conditions. While xSolvBTC is not [mined](https://iq.wiki/wiki/mining) traditionally, users can earn additional incentives through [liquidity mining](https://iq.wiki/wiki/liquidity-mining) programs by providing xSolvBTC pairs on [decentralized exchanges](https://iq.wiki/wiki/decentralized-exchange).\n\nUtility includes participation in [DeFi](https://iq.wiki/wiki/defi) protocols, yield generation strategies, trading on exchanges, use as [collateral](https://iq.wiki/wiki/collateral) in lending protocols, and potential involvement in governance. The supply of xSolvBTC is tied directly to the amount of [Bitcoin](https://iq.wiki/wiki/bitcoin) locked in the protocol, with distribution initially driven by early participation and strategic partnerships rather than a token sale. [\\[4\\]](#cite-id-CyZa3ygIpD) [\\[5\\]](#cite-id-nsnqRzAP1h)\n\n## Key Features\n\nxSolvBTC is structured to bring [Bitcoin](https://iq.wiki/wiki/bitcoin) into the [decentralized finance (DeFi)](https://iq.wiki/wiki/defi) space through integrated features. Each xSolvBTC token is backed 1:1 by [Bitcoin](https://iq.wiki/wiki/bitcoin) held in reserve, ensuring the asset remains fully collateralized and secure.\n\nThe protocol supports cross-chain liquidity, utilizing [Bitcoin](https://iq.wiki/wiki/bitcoin) across various [blockchain](https://iq.wiki/wiki/blockchain) ecosystems. It also enables users to access yield strategies—such as [staking](https://iq.wiki/wiki/staking), [arbitrage](https://iq.wiki/wiki/arbitrage), and liquidity provision—while retaining exposure to [Bitcoin’s](https://iq.wiki/wiki/bitcoin) value. To enhance usability, xSolvBTC is designed to simplify the experience for [Bitcoin](https://iq.wiki/wiki/bitcoin) holders seeking to engage with [DeFi](https://iq.wiki/wiki/defi) across multiple chains.\n\nA key component of the [Solv Protocol](https://iq.wiki/wiki/solv-protocol-solvbtc) is its transparent proof of reserves system, which provides verifiable and auditable evidence that real [Bitcoin](https://iq.wiki/wiki/bitcoin) backs the tokens. Additionally, [Solv](https://iq.wiki/wiki/solv-protocol-solvbtc) introduces a [staking](https://iq.wiki/wiki/staking) abstraction layer to standardize [Bitcoin](https://iq.wiki/wiki/bitcoin) [staking](https://iq.wiki/wiki/staking) and improve compatibility across networks.  [\\[2\\]](#cite-id-d5Hos96Ync) [\\[5\\]](#cite-id-nsnqRzAP1h)","summary":"Solv Protocol Staked BTC (xSolvBTC) is a tokenized representation of staked Bitcoin within the Solv Protocol. Backed 1:1 by BTC, it allows users to earn yield and participate in cross-chain DeFi while maintaining BTC exposure.","images":[{"id":"QmTkH5j6rhxzmJsFSn4LM2WHxMYB84PH48wr7VtVsbND8b","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Developers"},{"id":"Developers"},{"id":"Developers"},{"id":"Developers"},{"id":"Developers"}],"media":[{"id":"QmfCPj76PGTzK5tYnfEH1cLj6VwsD5FTcSnVw2u2tVnbnc","type":"GALLERY","source":"IPFS_IMG"},{"id":"QmPVgsFx7rA5bNfpRTRZ6TedAYKRfufMqHhQbonfnaF8FR","name":"wW9OdJIULr9HdY18.webp","caption":"","thumbnail":"QmPVgsFx7rA5bNfpRTRZ6TedAYKRfufMqHhQbonfnaF8FR","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"6mfQSKYhqO\",\n    \"url\": \"https://solv.finance/\",\n    \"description\": \"Solv Protocol website\",\n    \"timestamp\": 1750186609754\n  },\n  {\n    \"id\": \"d5Hos96Ync\",\n    \"url\": \"https://app.solv.finance/xsolvbtc?network=ethereum\",\n    \"description\": \"Solv App page\",\n    \"timestamp\": 1750186609754\n  },\n  {\n    \"id\": \"JiMiN0l8sg\",\n    \"url\": \"https://www.cryptohopper.com/currencies/detail?currency=XSOLVBTC#:~:text=XSOLVBTC%20is%20designed%20to%20bridge,without%20directly%20selling%20their%20BTC.\",\n    \"description\": \"Cryptohopper currency detail\",\n    \"timestamp\": 1750186609754\n  },\n  {\n    \"id\": \"CyZa3ygIpD\",\n    \"url\": \"https://www.coingecko.com/en/coins/solv-protocol-staked-btc\",\n    \"description\": \"CoinGecko XSOLVBTC data\",\n    \"timestamp\": 1750186609754\n  },\n  {\n    \"id\": \"nsnqRzAP1h\",\n    \"url\": \"https://www.cryptohopper.com/currencies/detail?currency=XSOLVBTC#:~:text=XSOLVBTC%20is%20designed%20to%20bridge,without%20directly%20selling%20BTC.\",\n    \"description\": \"Cryptohopper currency detail\",\n    \"timestamp\": 1750186609754\n  }\n]"},{"id":"website","value":"https://solv.finance/"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/solv-protocol-staked-btc"},{"id":"bscscan","value":"https://bscscan.com/token/0x1346b618dc92810ec74163e4c27004c921d446a5"},{"id":"polygonscan","value":"https://polygonscan.com/token/0xc99F5c922DAE05B6e2ff83463ce705eF7C91F077"},{"id":"etherscan","value":"https://etherscan.io/token/0xd9d920aa40f578ab794426f5c90f6c731d159def"},{"id":"arbiscan","value":"https://arbiscan.io/token/0x346c574c56e1a4aaa8dc88cda8f7eb12b39947ab"},{"id":"contract_url","value":"https://binplorer.com/address/0x1346b618dc92810ec74163e4c27004c921d446a5"},{"id":"previous_cid","value":"\"https://ipfs.everipedia.org/ipfs/QmRRec7BJTE6m5yuHKUaSiMnoowi6RiMJuRHG4e4uog8jK\""},{"id":"commit-message","value":"\"Improve xSolvBTC article formatting (heading levels).\""},{"id":"previous_cid","value":"QmRRec7BJTE6m5yuHKUaSiMnoowi6RiMJuRHG4e4uog8jK"}],"events":[{"id":"solv-protocol-founded-2023-01","date":"2023-01","title":"Solv Protocol Founded","type":"CREATED","description":"Solv Protocol, the platform behind xSolvBTC, was founded.","multiDateStart":null,"multiDateEnd":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum","arbitrum","avalanche","merlin-chain","base","polygon","berachain","solv-protocol-solvbtc"],"founders":[],"speakers":[]}}