Our advanced technology point system, created at Solv to reward people who engage with our ecosystem, is something we are very excited to present.
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Read More: What are Crypto Airdrops?
Phase 1 — Its Bitcoin Season!
The first yield-bearing Bitcoin in history, SolvBTC, will be the center of attention for Phase 1 of Solv’s Point System. By allowing Bitcoin owners to receive native income while keeping asset exposure, SolvBTC seeks to close the enormous demand gap for its tokens.
How It Works
Basic XP:
By placing money into Solv Vaults, you can gain basic XP.
Higher Deposit: You gain more basic XP the more you deposit.
Longer Time Held: Your basic XP increases as you hold onto your deposit for longer.
Basic XP = (XP per dollar deposited) x (Time Held)
Each day, XP is updated. To document the amount of money stacked in the incentive-driven vaults, a daily snapshot is taken.
NOTE: Purchasing SolvBTC from secondary marketplaces WILL NOT result in a gain of Experience Points.
Referral XP:
- Gain experience points by referring others.
- 10% of the basic XP that your referral earns will be added to your account as additional XP.
- Boosted XP:
- By meeting investment goals or taking part in community events, you can increase your XP.
- Boosted XP = (Basic XP) x (XP Boost Multiplier)
NOTE
- A purchase of SolvBTC from secondary marketplaces results in no experience points being earned.
- This points system supports only addresses that are compatible with EVM.
What’s In It For You:
To get Solv airdrop tokens in the future, earn XP.
Airdrop tokens that have been redacted will be distributed to early users of Solv and this point system.
In the thriving BTCFi ecosystem, get the opportunity to be eligible for additional airdrops.
Solv Recap:
Solv has produced yields of superior quality for over 35K consumers, achieving a TVL of over $150M.
Solv currently manages over 2,000 BTC, confirming our status as a top BTCFi protocol.
Prominent players in the industry, like Blockchain Capital, Nomura, Binance Labs, and Mirana Ventures, support Solv.
With many more to come, SolvBTC is currently available on Merlin Chain and Arbitrum.
Solv is dedicated to collaborating with the finest developers in each ecosystem, as seen by the partnerships it has formed with the top builders (e.g., GMX on Arbitrum, MerlinSwap on Merlin Chain).
SolvBTC’s Endgame
As the liquid strategy token (LST) of BTCFI, SolvBTC enables BTC holders to participate in BTCFi and receive native yield on their BTC.
As the key element of each, SolvBTC will aim to grow into additional ecosystems and collaborate with the top builders in each.