New Partnership Brings Bitcoin Staking to Ethereum L2
A groundbreaking collaboration between Solv Protocol and Soneium is set to revolutionize the world of decentralized finance by introducing Bitcoin staking on Ethereum L2. This partnership, announced on March 6, 2025, opens up exciting opportunities for users to earn rewards and explore advanced yield strategies.
Key Highlights of the Partnership:
- Solv Protocol teams up with Soneium for BTC staking on Ethereum L2.
- Users can stake SolvBTC, earn rewards, and leverage advanced yield strategies.
- Soneium’s $45M TVL and 47M transactions boost DeFi growth with Solv.
Unlocking DeFi Potential with SolvBTC
One of the standout features of this collaboration is the introduction of SolvBTC Liquid Staking Tokens (SolvBTC.LSTs). These tokens enable users to explore advanced yield strategies, providing greater flexibility and scalability in their investments. By leveraging Solv’s innovative Staking Abstraction Layer, staking becomes more than just a means to earn rewards—it becomes a tool for unlocking sophisticated financial opportunities across multiple blockchains.
Benefits of the Partnership:
- Enhanced DeFi potential for Bitcoin holders.
- Simplified staking process across various networks.
- Increased accessibility to decentralized applications.
Soneium: A Rising Star in DeFi
Launched in August 2024, Soneium has quickly established itself as a high-performance Ethereum layer 2 solution. With a total value locked of $63.16 million across 19 dApps, the platform has processed 47 million transactions and attracted 4 million active addresses in just a few months. Hosting dynamic DeFi projects like Kyo Finance, Velodrome, and Sonex, Soneium offers speed and scalability that align with Solv Protocol’s goals of integrating Bitcoin users with cutting-edge financial tools.
Soneium’s Achievements:
- Total value locked of $63.16 million across 19 dApps.
- 47 million transactions processed and 4 million active addresses.
- Hosts dynamic DeFi projects like Kyo Finance, Velodrome, and Sonex.
