- Solv Protocol has partnered with Soneium for BTC staking on Ethereum L2.
- Following the partnership, SolvBTC holders can stake, earn rewards, and use complicated yield methods.
- Soneium’s $45M TVL and 47M transactions spice up DeFi enlargement with Solv.
The arena of decentralized finance continues to adapt, and a brand new partnership between Solv Protocol and Soneium is pushing the bounds of what Bitcoin can reach. Introduced on March 6, 2025, this collaboration brings Bitcoin staking to Soneium, an Ethereum layer 2 blockchain supported by means of Japan’s Sony Workforce.
By way of integrating those two platforms, customers can now discover contemporary alternatives to earn rewards and faucet into cross-chain liquidity, mixing Bitcoin’s balance with Ethereum’s expansive DeFi ecosystem.
Solv Protocol, a platform devoted to Bitcoin staking, is on the center of this construction. It permits customers to deposit Bitcoin and obtain SolvBTC, a token pegged 1:1 to Bitcoin’s price.
Via this partnership, SolvBTC holders can stake their property on Soneium, opening the door to passive source of revenue whilst keeping up Bitcoin’s core price proposition. This transfer displays a increasing pattern amongst traders searching for tactics to make their Bitcoin paintings tougher past merely conserving or buying and selling it.
Bettering Bitcoin’s DeFi attainable
A standout characteristic of this collaboration is the creation of SolvBTC Liquid Staking Tokens, or SolvBTC.LSTs. Those tokens permit complicated yield methods, giving Bitcoin customers higher flexibility and scalability of their investments.
With this setup, staking turns into greater than only a technique to earn rewards—it transforms into a device for unlocking refined monetary alternatives throughout a couple of blockchains. The partnership leverages Solv’s leading edge Staking Abstraction Layer, a machine designed to simplify the staking procedure throughout quite a lot of networks.
This abstraction layer is a game-changer for Bitcoin holders. It lowers the technical limitations that ceaselessly stay customers from collaborating in DeFi, making it more straightforward to interact with decentralized packages.
By way of bridging Bitcoin (BTC) to Soneium, Solv Protocol is successfully extending the cryptocurrency’s software, permitting it to play a extra lively function within the fast-growing global of decentralized finance.
Particularly, the timing of this partnership couldn’t be higher. As Bitcoin staking good points reputation, extra traders are on the lookout for tactics to generate passive source of revenue from their holdings. Solv Protocol and Soneium are assembly this call for head-on, providing an answer that’s each out there and forward-thinking.
Whilst specifics about long run plans stay beneath wraps, each groups have hinted at further inventions to come back, signaling that that is only the start of Bitcoin’s deeper integration into DeFi.
Soneium’s emerging superstar in DeFi
Soneium, introduced in August 2024 by means of Sony Block Answers Labs and web3 company Startale, has briefly made a reputation for itself. Constructed as a high-performance Ethereum layer 2 answer, it’s designed to energy inventive and environment friendly decentralized packages.
As of March 6, 2025, the community boasts a complete price locked of $63.16 million throughout 19 dApps, consistent with DefiLlama knowledge. Its fast enlargement is obvious within the 47 million transactions processed and the 4 million lively addresses it has attracted in only some months.
The platform hosts one of the maximum dynamic DeFi tasks within the house, together with decentralized exchanges like Kyo Finance, Velodrome, and Sonex.
Soneium’s infrastructure is customized to deal with the calls for of contemporary DeFi, providing velocity and scalability that supplement Solv Protocol’s ambitions. In combination, they’re developing an atmosphere the place Bitcoin customers can seamlessly combine with state of the art monetary equipment.