- Solv Protocol has partnered with Soneium for BTC staking on Ethereum L2.
- Following the partnership, SolvBTC holders can stake, earn rewards, and use superior yield methods.
- Soneium’s $45M TVL and 47M transactions increase DeFi development with Solv.
The world of decentralized finance continues to evolve, and a brand new partnership between Solv Protocol and Soneium is pushing the boundaries of what Bitcoin can obtain. Introduced on March 6, 2025, this collaboration brings Bitcoin staking to Soneium, an Ethereum layer 2 blockchain supported by Japan’s Sony Group.
By integrating these two platforms, customers can now discover recent alternatives to earn rewards and faucet into cross-chain liquidity, mixing Bitcoin’s stability with Ethereum’s expansive DeFi ecosystem.
Solv Protocol, a platform devoted to Bitcoin staking, is on the coronary heart of this improvement. It permits customers to deposit Bitcoin and obtain SolvBTC, a token pegged 1:1 to Bitcoin’s worth.
By this partnership, SolvBTC holders can stake their belongings on Soneium, opening the door to passive earnings whereas sustaining Bitcoin’s core worth proposition. This transfer displays a rising development amongst traders in search of methods to make their Bitcoin work tougher past merely holding or buying and selling it.
Enhancing Bitcoin’s DeFi potential
A standout characteristic of this collaboration is the introduction of SolvBTC Liquid Staking Tokens, or SolvBTC.LSTs. These tokens allow superior yield methods, giving Bitcoin customers better flexibility and scalability of their investments.
With this setup, staking turns into greater than only a option to earn rewards—it transforms right into a device for unlocking subtle monetary alternatives throughout a number of blockchains. The partnership leverages Solv’s modern Staking Abstraction Layer, a system designed to simplify the staking course of throughout varied networks.
This abstraction layer is a game-changer for Bitcoin holders. It lowers the technical limitations that usually maintain customers from collaborating in DeFi, making it simpler to have interaction with decentralized functions.
By bridging Bitcoin (BTC) to Soneium, Solv Protocol is successfully extending the cryptocurrency’s utility, permitting it to play a extra lively position within the fast-growing world of decentralized finance.
Notably, the timing of this partnership couldn’t be higher. As Bitcoin staking good points recognition, extra traders are in search of methods to generate passive earnings from their holdings. Solv Protocol and Soneium are assembly this demand head-on, providing an answer that’s each accessible and forward-thinking.
Whereas specifics about future plans stay underneath wraps, each groups have hinted at further improvements to return, signaling that that is only the start of Bitcoin’s deeper integration into DeFi.
Soneium’s rising star in DeFi
Soneium, launched in August 2024 by Sony Block Options Labs and web3 agency Startale, has shortly made a reputation for itself. Constructed as a high-performance Ethereum layer 2 answer, it’s designed to energy inventive and environment friendly decentralized functions.
As of March 6, 2025, the community boasts a complete worth locked of $63.16 million throughout 19 dApps, according to DefiLlama data. Its fast development is obvious within the 47 million transactions processed and the 4 million lively addresses it has attracted in just some months.
The platform hosts among the most dynamic DeFi tasks within the area, together with decentralized exchanges like Kyo Finance, Velodrome, and Sonex.
Soneium’s infrastructure is tailor-made to deal with the calls for of contemporary DeFi, providing velocity and scalability that complement Solv Protocol’s ambitions. Collectively, they’re creating an atmosphere the place Bitcoin customers can seamlessly combine with cutting-edge monetary instruments.