Solv Protocol targets over $1T in idle Bitcoin with institutional yield vault

The new vault seeks to put inactive Bitcoin holdings to work using a mix of yield strategies across decentralized, centralized and traditional finance.
Bitcoin-focused staking platform Solv Protocol has launched a structured yield vault for institutional investors, targeting more than $1 trillion in BTC currently sitting idle and not collecting interest.Solv’s new BTC+ is designed as a Bitcoin (BTC) yield vault aggregating and deploying capital across various yield strategies spanning decentralized finance (DeFi), centralized finance (CeFi) and traditional finance markets, Solv announced Thursday. These strategies include protocol staking, basis arbitrage and yields from tokenized real-world assets, notably including BlackRock’s BUIDL fund.Read more

Source: cointelegraph.com (Read Full Article)