The Solve protocol has launched a performance Bitcoin token in the avalanche block chain, providing institutional investors more exposure to performance opportunities backed by real world assets, or RWAS.
On May 16, the protocol presented SOSVBTC.Avax, a token that connects Bitcoin (BTC) with real world assets such as US treasures. UU. And the private credit sacrificed by Blackrock and Hamilton Lane.
The new Token developed through a seven -way association that involved Solv, Avalanche, Balder, Elixir, Euler, Re7 Labs and LFJ, the company said.
The founder of the Solvos Protocol, Ryan Chow, said that Token is a way of linking Bitcoin with “real world economic cycles” in non -correlated assets, such as the bonds of the US government. UU. And private credit, unlike the Typical Botc Boom and Bust cycle.
The Token uses a multiple protocol strategy to generate performance that involves the stable Deusd de Elixir, the treasurers provided by Blackrock and Hamilton Lane through Elixir, and incorporated into the Euler loan platform to increase exposure to RWA.
“The performance is received in BTC format,” said a spokesman for the Solv protocol to Cointelegraph
Solv is a bitcoin -centered strike platform that sacrifices performance strategies through decentralized financial block chains and applications. The protocol orders more than $ 2.3 billion in total value blocked, according to industry data.
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The race to offer a bitcoin performance intensifies
The demand for Bitcoin performance solutions has grown in the middle of the recent institutional adoption wave of digital assets.
Earlier this month, Crypto Exchange Coinbase launched the Bitcoin Performance Fund, whose objective is to sacrifice annual yields of between 4% and 8% in BTC Holdings.
The performance will be obtained through an cash and transport strategy, which implies buying BTC in the spot market and selling a corresponding futures contract, Coinbase said.
The Coinshares analyst, satisfied Patel, predicted the growing interest in Bitcoin’s performance in December, noting that more investors now see BTC “not only as a reserve of value but also as a means to generate yields.”
While there are many ways to generate Bitcoin’s performance, such as liver derivatives or performance agriculture, Michael Saylor’s strategy introduced its own “BTC performance” metric to measure the performance of its investment strategy.
The BTC performance of the strategy, which measures how much additional bitcoin is acquiring in relation to its in circulation actions, is currently 15.5% in the year to date, according to the company.
https://www.youtube.com/watch?v=hb0z1ti8uys
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