The token uses a multi-protocol strategy to generate yield involving Elixir’s deUSD stablecoin, Treasurys provided by BlackRock and Hamilton Lane via Elixir, and incorporated on the lending platform Euler to increase RWA exposure.“The yield is received in BTC format,” a Solv Protocol spokesperson told CointelegraphElixir deUSD is a synthetic dollar with nearly $220 million in market capitalization.Source: RWA.xyzSolv is a Bitcoin-centric staking platform that offers yield strategies across various blockchains and decentralized finance applications.
AVAX, a token that connects Bitcoin (BTC) to real-world assets like US Treasurys and private credit offered by BlackRock and Hamilton Lane. The new token was developed through a seven-way partnership involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs, and LFJ, the company said. Solv Protocol founder Ryan Chow said the token is a way to link Bitcoin to “real-world economic cycles” in uncorrelated assets such as US government bonds and private credit, as opposed to BTC’s typical boom-and-bust four-year cycle.
CoinShares analyst Satish Patel predicted the growing interest in Bitcoin yield in December, noting that more investors now see BTC “not only as a store of value but also as a means to generate yields.”While there are many ways to generate Bitcoin yield, such as leveraging derivatives or yield farming, Michael Saylor’s Strategy introduced its own “BTC Yield” metric to measure the performance of its investment strategy.
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