Build on Bitcoin Teams Up with Solv Protocol and CookieDotFund to Unveil BTCFi Yield Program

Groundbreaking Collaboration in Bitcoin DeFi

Build on Bitcoin (BOB), a pioneering Bitcoin Layer 2 (L2) solution, has partnered with Solv Protocol and CookieDotFund to introduce an ambitious Bitcoin financial initiative, the BTCFi program. This partnership aims to deliver an enhanced Bitcoin yield experience. Participants, known as "BOB Snappers," who deposit Bitcoin assets into Solv Protocol’s newly launched "BTC+" vault will receive an additional 15% yield as part of this limited-time campaign.

Solv Protocol’s BTC+ Vault: A Cutting-Edge Institutional Bitcoin Yield Solution

Solv Protocol stands out as a prominent player in the Bitcoin ecosystem, managing a total value locked (TVL) of approximately $2.5 billion. The platform’s BTC+ vault represents its premier offering, providing institutional-grade Bitcoin yield products with consistent and sustainable returns via diversified investment strategies.

Key features of the BTC+ vault include a competitive baseline annual percentage yield (APY) of 5% and the absence of a minimum deposit requirement, making it accessible for diverse investors. Within five weeks of its inception, the vault achieved its initial cap of 400 BTC, prompting an increase in the deposit limit to 1,000 BTC due to surging demand. Additionally, all new users benefit from a promotional waiver of a 15% performance fee, amplifying the appeal of this yield-generating vault.

Exclusive 15% Bonus Yield for BOB Snappers

The BTCFi program offers an enticing additional 15% bonus yield for participants actively engaged with Build on Bitcoin’s campaigns via CookieDotFund. This campaign runs from September 22 through October 31, providing qualified users with a unique opportunity to achieve a combined annualized yield of 5.75%, factoring in the BTC+ vault’s base yield and the bonus.

Eligible assets for deposit include wrapped Bitcoin (wBTC) and SolvBTC, which can be transferred seamlessly through the BOB Bridge. Another key feature of Build on Bitcoin’s ecosystem is the "BOB Earn" functionality, enabling native Bitcoin (BTC) holders to deposit assets in a single click for effortless participation.

To qualify for the campaign, participants must use the same Ethereum Virtual Machine (EVM) wallet address associated with CookieDotFund when depositing assets into BTC+ vaults on the BOB network. Solv Protocol employs a meticulous daily snapshot system to monitor staking activities, rewarding longer deposit durations with higher overall earnings. The 15% bonus yield will be distributed in early November as newly minted VSOLV reward tokens, adding even more value to the program's participants.

Build on Bitcoin: Redefining Bitcoin DeFi Accessibility

Build on Bitcoin (BOB) cements its position as a transformative force in Bitcoin decentralized finance (DeFi). By integrating the robust security infrastructure of Bitcoin with Ethereum’s versatility, BOB offers a hybrid Layer 2 solution powered by zero-knowledge proofs (ZK proofs) and BitVM technology. This innovation enables users to participate directly in DeFi activities using native Bitcoin (BTC), eliminating complex wrapping or custodial processes.

BOB’s seamless system fosters accessibility to profitable DeFi opportunities, accelerating the mainstream adoption of Bitcoin in financial systems. The platform’s growth and innovative approach have attracted significant investments from leading firms, including Castle Island Ventures, Coinbase Ventures, and IOSG, further validating its position as a fundamental player in the crypto ecosystem.

Final Thoughts

The collaboration between Build on Bitcoin, Solv Protocol, and CookieDotFund showcases how innovation and strategic partnerships can unlock new horizons in the rapidly evolving Bitcoin DeFi landscape. By combining competitive baseline yields with exclusive bonus opportunities, the BTCFi program is primed to draw attention from investors seeking sustainable growth within the Bitcoin ecosystem.

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