Solve Protocol drastically reduces xSolvBTC redemption fees

Redemption Fee Slashed by 75%... Maximizing User Convenience with Instant Redemption Function

DeFi strategy Bitcoin staking platform Solv Protocol announced today that it has significantly reduced the redemption fee for xSolvBTC and introduced an instant redemption function. With this measure, the redemption fee will be reduced by 75% from the existing 0.20% to 0.05%.

Solv Protocol is currently providing services on major blockchains such as Ethereum, BNB Chain, Base, Mantle, BOB, and Avalanche. It plans to expand its services to Arbitrum, Linea, and Rootstock in the future, and ultimately aims to broaden its support range to the Bitcoin mainnet.

Solv Protocol stated, "This fee reduction and introduction of instant redemption function is an important step in realizing our vision of building a user-centric infrastructure" and "We will continue to innovate to enable Bitcoin holders to experience optimal returns and efficient risk management without complex DeFi structures."

With this fee reduction, xSolvBTC will provide the lowest redemption fee in the market. Additionally, Solv Protocol's multi-chain service is expected to offer a new option for Bitcoin liquidity provision and asset management for institutional investors.

Choi Joo-hoon joohoon@blockstreet.co.kr