Solv Protocol x @MerlinLayer2 SolvBTC, the world's first-ever yield-bearing Bitcoin, is now officially live on Merlin Chain. In less than 2 months, Merlin Chain has achieved a TVL of over $3.4B, solidifying its position as a leading Layer 2 solution for BTCFi. ⛓️Recap on SolvBTC & BTCFi on Merlin Chain 1. SolvBTC will act as a liquid strategy token (LST), enabling mBTC holders to participate in other DeFi protocols on Merlin Chain while earning yield through securing the PoS consensus mechanism of the Bitcoin Layer 2. 2. Solv has built partnerships with the best builders on the Merlin Chain, which include @MerlinSwap , @bitsmiley_labs , @surf_protocol, @Mage_Finance, @avalonfinance_, @Merlin_Starter, and @UniCrossGlobal. This allows SolvBTC to be a key building block to the thriving BTCFi ecosystem on Merlin. 3. More than 1K BTC has been entrusted to Solv, of which 406 are mBTC on the Merlin Chain. This positions Solv as the leading LSD on the Merlin ecosystem. Backed by industry giants such as @BinanceLabs , @Nomura, @mirana, and @bcap, Solv has achieved a TVL of more than $140M, delivering high-quality yields to over 35K users. This is just the beginning. We're thrilled to unlock the full potential of BTCFi on Merlin Chain together! 📍app.solv.finance/solvbtc #SolvBTC