Solv Protocol, in collaboration with BNB Chain, Ceffu, and Chainlink, is launching the Staking Abstract Layer (SAL) — a platform that simplifies and standardizes Bitcoin staking across different blockchains.
SAL unlocks new income-generating opportunities from Bitcoin while maintaining liquidity and security. This is an important step in transforming Bitcoin from a passive asset into a revenue generator.
SolvBTC, a product of Solv Protocol, is used on 10 blockchains and allows users to stake Bitcoin while retaining liquidity. More than 20,000 BTC have already been staked, with a total locked volume of around $1.3 billion.
With SAL, Solv simplifies the staking process, which was previously limited by Bitcoin's technical features and lack of a built-in staking function.