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Community Update:

Earlier today, a user’s wallet holding SolvBTC.BBN was compromised in an isolated incident, which temporarily impacted SolvBTC.BBN pricing on several DEXes.

We want to emphasize that there are no vulnerabilities in Solv Protocol’s smart contracts or token contracts, and the platform’s security remains fully intact. User funds remain secure, and SolvBTC.BBN is still 1:1 backed by the underlying Bitcoin.

Our team is actively investigating the impact of the incident on the broader Solv ecosystem and will provide a detailed report in due course.

The Solv Protocol Team

Solv fireside chat

Solv Protocol x @0xSonicLabs

We’re thrilled to announce our collaboration with Sonic (formerly Fantom), a next-gen EVM-compatible Layer 1 blockchain. We'll be bringing Bitcoin to Sonic and redefining BTC’s role in decentralized finance.

🧵👇

@0xSonicLabs 1/ Why Sonic?

Sonic offers:

⚡ 10,000 TPS throughput

⏱ 1-second transaction finality

💡 Robust infrastructure & developer incentives

With its speed, scalability, and robust infrastructure, Sonic is the ideal partner to amplify Bitcoin’s utility in DeFi.

@0xSonicLabs 2/ Earn A Share of ~200M $S Tokens

Utilize SolvBTC and SolvBTC.BBN across Sonic’s ecosystem to qualify for a share of the ~200M $S token airdrop.

Plenty of DeFi integrations are on the way, offering exciting ways to maximize rewards and enhance BTC utility on Sonic.

3/ What It Means for You

🔹 BTC Yield Opportunities: Earn attractive yields with Bitcoin-based assets integrated into Sonic’s fast and scalable ecosystem.

🔹 Unified Liquidity: With Sonic onboard, SolvBTC’s Reserve grows stronger, connecting users across chains.

🔹 Developer Empowerment: Sonic’s infrastructure fosters innovation, enabling builders to create Bitcoin-powered DeFi applications with ease.

🔹 Accessible BTC-Fi: From retail users seeking yield to institutions exploring DeFi, Sonic opens the door for everyone to participate in Bitcoin’s financial revolution.

4/ A Shared Vision

This partnership is more than just integration—it’s about evolving Bitcoin from a “store of value” to a yield-generating asset that powers the next wave of decentralized finance.

Stay tuned for more updates as we unlock Bitcoin’s full potential.

Learn more:   t.co/raO61XIYXA

@0xSonicLabs