Solv’s Q3
Institutional Adoption:
🔹Zeta Group (NASDAQ: ZNB) has announced introducing SolvBTC into their balance sheet with $230m SolvBTC purchase.
🔹Jiuzi Holdings (NASDAQ: JZXN) announced a plan to allocate up to $1 billion in BTC from its corporate digital asset strategy into Solv’s BTC yield product.
🔹With @plumenetwork and @Securitize, we are expanding BTC yield compositions to include institutional grade RWAs.
Compliance:
Solv Protocol became MiCA compliant in Q3, with $SOLV listings on compliant exchanges @Bitpanda_global & @bitvavocom.
SolvBTC Adoption
$SolvBTC and xSolvBTC backed loans grew to ~$400m on @BNBCHAIN alone, powered by @lista_dao & @VenusProtocol and USD1 from @worldlibertyfi.
Ecosystem Expansions
Q3 have seen SolvBTC expanding to @Starknet, @CantonNetwork, @solana @monad (Q4 now, technically).
Revenue Growth
Annualised revenue has grown to $23m.
Leading BTC yield offerings includes our flagship BTC+, @JupiterExchange vault and BNB vault (with airdrops from e.g. @Aster_DEX).
Proud of the results. We keep solving in Q4.
@SolvProtocol @RyanChow_DeFi @0xYond @arndxt_xo @phtevenstrong @JiraiyaReal @Hercules_Defi @Eli5defi @kenodnb @Tanaka_L2 @marvellousdefi_ @0xCheeezzyyyy @thelearningpill @0xspicexr @stacy_muur @rektonomist_ @NaveenCypto @0xTindorr @chutoro_au @PendleIntern @YashasEdu @MeshClans @green_but_red @Defi_Warhol
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