The Bitcoin Stacking Platform Solv Protocol has entered a strategic partnership with the Etharium layer 2 blockchain supported by the Sony Group of Japan, which expands BTC stacking in the network.
Announced on 6 March on the official medium page of the SOLV protocol, it was announced Partnership The purpose of bridges (Ath) of Bitcoin (BTC) and Atherium is to expand the decentralized finance ecosystem.
Through this integration, SOLVBTC holders can put their assets at stake, earn prizes, and use cross-chain liquidity within the sonium ecosystem. SOLVBTC is a token that is supported by 1: 1 bitcoin, when users accumulate bitcoin into SOLV protocols.
In addition, solvbtc liquid stacking tokens, solvbtc.lsts, will make advanced yield strategies possible, which will improve the scalability and flexibility of bitcoin users. A major part of the initiative is Solav’s stacking abstraction layer, making it easier to bet on many blocks.
The Sal Bitcoin enables owners to participate in defi more easily, expanding the capabilities of cryptocurrency beyond simple holding or trading.
Sonium, developed by Sony Block Solutions Labs in partnership with Web 3 Infrastructure firm Startley, has quickly received traction at DEFI. Launched in August 2024, the high-demonstration infrastructure of the network is designed to support creative and innovative decentralized applications. According to defilama dataIts total value has been locked, which has reached $ 45 million in 19 dapps as March 6.
Network already Processed Over 47 million transactions and 4 million active addresses collected. Some of the fastest growing DEFI applications, including decentralized exchanges such as KYO finance, velodrome and sonex, are found in the ecosystem of the sonium.
As more investors seek ways to earn passive income from bitcoin, this partnership comes when bitcoin stacking is becoming more popular. While the details about future cooperation are not clear, both teams have suggested that DEFI has more development on how to expand the use of bitcoins.
