Solv Protocol Enhances Bitcoin Transparency with Chainlink Proof of Reserve

On February 12, COINOTAG reported that Solv Protocol has integrated Chainlink Proof of Reserve, a pivotal move to bolster the transparency and security of its Bitcoin reserves. This innovative mechanism will deliver real-time insights into the reserve status of all assets within Solv Protocol, including SolvBTC and various Liquid Staking Tokens (LST), thereby ensuring a heightened level of asset transparency in the crypto marketplace.

In recent developments, there has been a notable increase in the total value locked (TVL) within the Solv Protocol, reaching over 27,000 BTC—equating to more than $2 billion. This growth indicates a strong investor confidence and adoption rate within the decentralized finance (DeFi) sector, attracting attention from both institutional and retail investors alike.