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4w ago

Solv Integrates Chainlink to Launch Secure SolvBTC-BTC Rate Feed on Ethereum

The new feed ties pricing to on-chain proof of reserves for a tamper-resistant redemption rate.

Solv and chainlink bring real time collateral verification to solvbtc pricing
Bitcoin, Ethereum
Chainlink and solv protocol launch secure exchange rate feed

Overview

  • The SolvBTC-BTC Secure Exchange Rate feed combines exchange-rate logic with Chainlink Proof of Reserves to anchor redemptions in verifiable BTC collateral.
  • Built-in upper and lower bounds derived from reserve data are designed to curb price manipulation and support use as collateral in lending markets such as Aave.
  • Chainlink Secure Mint gates issuance so SolvBTC mints occur only when sufficient Bitcoin reserves exist for 1:1 backing.
  • The integration is live on Ethereum with planned expansion to additional chains, including BOB, using Chainlink cross-chain interoperability.
  • Solv reports more than 25,000 BTC staked and over $2.5 billion in total value locked, underscoring the scale of assets the feed is intended to secure.