OKX Ventures announces investment in Bitcoin staking platform Solv Protocol

BlockBeats news, on October 14, according to official news, OKX Ventures announced an investment in the Bitcoin staking platform Solv Protocol. Solv protocol will accelerate product development and expand its innovative staking abstraction layer (SAL) ecosystem, with a focus on creating cutting-edge Bitcoin staking solutions, enhancing the role of Bitcoin beyond value storage, and deepening into decentralized finance (DeFi) and other application areas.

As a leading Bitcoin staking platform, Solv Protocol provides a comprehensive solution through its staking abstraction layer (SAL), aiming to simplify and standardize Bitcoin staking in various blockchain ecosystems. SAL allows the creation of a diverse range of Bitcoin staking assets, providing users with opportunities for staking, re-staking and DeFi strategies. To date, Solv has launched Babylon LST (SolvBTC.BBN), CoreDAO LST (SolvBTC.Core) and Ethena LST (SolvBTC.ENA).