A decentralized staking platform, Solv Protocol has collaborated with Soneium to bring its Bitcoin staking features to the Ethereum ecosystem. The firm made the disclosure on Thursday via a blog post. 

As announced, the synergy will focus on opening up opportunities for investors to stake Bitcoin on Soneium, an Ethereum layer 2 network backed by Japanese electronics manufacturer, Sony Group. Further, the project aims to leverage the strong infrastructure of Bitcoin and the huge decentralized finance ecosystem of Ethereum. 

By that, the partnership intends to create a new pathway for investors to earn passive returns on their idle BTC ($94,253.00) and access liquidity on various blockchain networks. The latest partnership with Solv Protocol underlines how Soneium is growing rapidly despite launching in January 2025. 

It is worth mentioning that the partnership coincides with the unveiling of a $100 million strategic Bitcoin reserve by Solv Protocol. As per a post on its official X page, Solv Protocol disclosed that the initiative is an avenue for the protocol to have the largest on-chain Bitcoin reserve. 

Since its market debut, Soneium has attracted more than 4 million active addresses with a total value locked (TVL) of $63 million. Swiftly gaining attention in the DeFi sphere, about 19 decentralized solutions have launched on the network. 

Insight to the partnership between Solv Protocol and Soneium network

Contributing to its fast-rising popularity, Solv Protocol comes with an innovative approach to BTC staking. Likewise, on the platform, users can deposit BTC and receive SolvBTC which is pegged at a ratio of 1:1 to the value of Bitcoin. 

Upon receiving the staking token, traders can proceed to stake their SolvBTC on Soneium. More so, the unique proposition allows investors to stake their tokens and earn passive income while ensuring that the value of their Bitcoin remains the same. 

Furthermore, another key feature of the partnership is the unveiling of the SolvBTC Liquid Staking Tokens (SolvBTC.LSTs). With the new token, Bitcoin investors will enjoy advanced yield options and flexibility. 

Meanwhile, the partnership will deploy Solv Protocol’s Abstraction Layer to ensure a seamless staking experience on different blockchain networks. The system helps eliminate barriers that could deter degens from exploring the DeFi ecosystem. 

Hence, by enhancing users’ interactions with decentralized solutions, the Abstraction Layer will improve users’ experience on the platform. 

By extending Bitcoin staking to Soneium, Solv Protocol is setting up various utility streams for the premier cryptocurrency. Thus, the move will position BTC to play a crucial role in the DeFi space. 

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