cxsowhat.sol

#burner #surfer 🎾

[Eli5DeFi @Eli5defi]

The SolvBTC.BBN Overview
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@SolvProtocol just unveiled SolvBTC.BBN and already hit 500 $BTC cap.
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SolvBTC.BBN is poised to dominate the BTC LST market.
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But what exactly is it, and why should it be on your radar?
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Let's dive in! 🧵
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🟢 | One-Pager

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📌 | Babylon
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Bitcoin has hit a staggering $1.3T market cap, yet much of it stays idle despite its original purpose as a p2p transaction medium.
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Its simplicity is also what makes Bitcoin the most secure blockchain out there.
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Innovations in blockchain modularity now allow Bitcoin to serve as a security layer, letting any blockchain tap into Bitcoin's robustness.
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This is precisely what @babylon_chain is doing.
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Babylon is crafting a shared security layer leveraging Bitcoin's security, enabling any chain to seamlessly integrate Bitcoin's security.
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Enter SolvBTC.BBN.
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📌 | SolvBTC.BBN
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SolvBTC.BBN is a multi-chain liquid staking token (LST) for Bitcoin that leverages Babylon's staking capabilities.
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It serves as a unified liquidity layer for Bitcoin, eliminating fragmented liquidity and enabling users to efficiently earn yield on their Bitcoin.
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📌 | Why SolvBTC.BBN?
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As a native DeFi user, I found it challenging to use Bitcoin as a yield-producing asset, and not all liquid staking BTC options are user-friendly.
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Many of them only accept Bitcoin from the mainnet, which incurs high gas fees and long block production times.
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SolvBTC stands out from other Bitcoin LST protocols by accepting Bitcoin in a multi-chain manner.
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⇢ Bitcoin mainnet ( $BTC )
⇢ @Ethereum ( $FBTC )
⇢ @BNBCHAIN ( $BTCB )
⇢ @arbitrum ( $WBTC )
⇢ @MerlinLayer2 ( $MBTC )
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This isn't the only reason I prefer SolvBTC.BBN for liquid staking $BTC; you also benefit from:
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⇢ Shared security economy
⇢ Multi-chain capabilities
⇢ High composability in DeFi protocols
⇢ Unified liquidity for a thriving BTCFi ecosystem
⇢ Extensive security audits by a prominent security firm — @Quantstamp , @CertiK , @SlowMist_Team , @salus_sec and @SECBIT_IO
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📌 | What Now?
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⇢ SolvBTC.BBN are not producing any yields initially and designed in preparation for Babylon's mainnet launch.
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⇢ Solv is set to unveil its second staking cap for SolvBTC.BBN on July 12th at 12 pm UTC.

⇢ Following the Babylon mainnet launch, SolvBTC.BBN will emerge as the trailblazing liquid staking token for Bitcoin..
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— 🔴| Disclaimer
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The information provided in this post is not intended as professional financial or tax advice, and we strongly recommend conducting your own research and consulting with a qualified advisor before making any financial or tax-related decisions.

[cxsowhat.sol @ClaireXing]

夏天的快乐 真快乐

[Adam Cochran (adamscochran.eth) @adamscochran]

Wow, this is a pretty fascinating design standard that I'll have to dig into more - and certainly the most novel token proposal we've had in a while.

Essentially the ability to create like-kind but uniquely identifiable assets on chain.

Very cool.

[cxsowhat.sol @ClaireXing]

Hi