wrapped BTC asset
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Chainlinkยท 2025-09-01 13:54
Collaboration & Technology - Solv Protocol partnered with Chainlink to launch a Secure Exchange Rate feed for SolvBTC on Ethereum [1] - The feed is powered by Chainlink Proof of Reserve [1] - Solv Protocol intends to use Chainlink's Secure Mint feature to ensure a 1-to-1 backing of SolvBTC with BTC reserves [3] DeFi Integration & Security - SolvBTC aims to provide DeFi protocols with a reliable, tamper-resistant redemption rate for its wrapped BTC asset [2] - This enhances secure collateral pricing and transparency for wrapped assets in DeFi [2] - Supporting their use in onchain lending markets like Aave [2]