The goal is to create an onchain product that generates yield on Bitcoin, according to Solv’s co-founder.
Solv Protocol is preparing to launch an “onchain MicroStrategy” to bring yield-bearing Bitcoin (BTC) reserves to decentralized finance (DeFi), Solv’s co-founder Ryan Chow said in a Nov. 29 X post.
“We’re building the first-ever On-Chain MicroStrategy—a transparent, permissionless platform that transforms Bitcoin from a passive store of value into an active financial powerhouse,” Chow said.
According to Chow, Solv aims to build a strategically managed “Bitcoin reserve that not only preserves wealth but generates yield and amplifies returns.”
