TVL exceeds 1.8 billion US dollars. If you are optimistic about the Bitcoin track, you must pay attention to Solv Protocol. Solv Protocol is committed to unlocking trillions of dollars of Bitcoin liquidity and promoting Bitcoin staking to large-scale applications. It has currently launched 11 public chains including Ethereum, BNB chain, Arbitrum, Base, BOB, and has reached cooperation with more than 50 DeFi protocols. What helps Solv attract such a huge amount of liquidity and build a strong ecosystem? Let us unveil the mystery of Solv Protocol.
🗺️ Mutual integration, introduction of Solv Protocol and Babylon project
Solv Protocol is a popular and leading Bitcoin staking platform built on its innovative Staking Abstraction Layer (SAL). Solv issues a variety of SolvBTC.LSTs (Liquid Staking Tokens) products, allowing Bitcoin holders to obtain diversified income opportunities without sacrificing liquidity and seamlessly participate in the decentralized finance (DeFi) ecosystem. At the same time, Solv, as a one-stop entry for BTCFi, paves the way for institutions and traditional funds to safely enter the crypto field. Currently, Solv Protocol has been supported by well-known investors such as Binance Labs, Blockchain Capital, Laser Digital, and has undergone comprehensive security audits by top companies such as Quantstamp, Certik, SlowMist, Salus and Secbit to ensure the security and reliability of the platform.
Knowledge Card: Staking Abstraction Layer
The Staking Abstraction Layer (SAL) aims to push Bitcoin staking into the era of large-scale application by improving the standardization and interoperability of the Bitcoin staking ecosystem. SAL consists of a series of smart contracts, which use smart contract technology and Bitcoin mainnet technology to achieve seamless cooperation between pledgers, LST issuers, staking agreements, and other staking service providers, while simplifying the interaction between users and the Bitcoin staking agreement and providing a convenient staking experience.
Babylon, which has a close partnership with Solv Protocol, is a protocol that aims to use Bitcoin security to provide security for other PoS (Proof of Stake) chains. The platform provides a secure, cross-chain-free, and custody-free native staking solution for PoS chains such as BTC Layer2, which is often compared to Eigenlayer in the Ethereum ecosystem. Babylon can enhance the security of PoS chains, shorten the staking cycle, and promote cross-chain interoperability, bringing full application scenario vitality to the Bitcoin ecosystem.
Currently, Solv Protocol and Babylon have reached a close connection. Solv Protocol was the first to release the pre-staking LST product: SolvBTC.BBN before the launch of Babylon's mainnet. Users can exchange Bitcoin pledges on other chains (such as Ethereum, BSC, Arbitrum, Bitcoin, etc.) for SolvBTC to participate in Babylon's staking activities, which enables Babylon to support more blockchain networks and provide users with a wider range of participation opportunities. SAL is the technical support behind SolvBTC.BBN. By integrating LST issuers (Solv), staking protocols (Babylon), Staking Guardians and revenue distributors (Pendle, Solv), it provides guarantees for the rapid launch and stable operation of SolvBTC.BBN.
Now a series of hacker activities and workshops are waiting for you to join us to explore the technical secrets of the mutual development of Solv Protocol and Babylon, and unlock the new development trend of Bitcoin security and pledge transactions.
🛠️ Babylon Hacker House 2024, registration is now open
In the midst of the second Bitcoin renaissance, in order to find more diverse directions for Bitcoin utility expansion, Babylon Labs is hosting the first Babylon Hacker House 2024! In this new competitive event, we look forward to seeing the most intelligent and innovative developers in the blockchain field meet with us in Bangkok to unleash the technical potential of Bitcoin, L2 sidechains, non-blockchain signature services, and Bitcoin as a security layer!
🏄♂️ Activity theme:
Babylon Hacker House (Bangkok)
📅 Event time:
November 5, 2024 - November 9, 2024
📚 Online Activities:
October 29 - November 2
🌔 Event Location:
Ahead of DevCon24 (Tower, Floor 24-27, Mitrtown Office, 944 Rama IV Rd, Wang Mai, Pathum Wan, Bangkok 10330)
🫧 Register Now:
https://docs.google.com/forms/d/e/1FAIpQLSeet3dEzeJBxC8bxJ7Ia0xoPjeM2gs1Cvifgw2CwAx4IQ2UBg/viewform
📚 Learn more:
https://linktr.ee/buildonbabylon
🧊 If you want to know more about Babylon Hacker House 2024 event details, please click to view:
https://mp.weixin.qq.com/s/hLHrrxh20Gqc9n-MUMnnXQ
🔹 Solv x Babylon joint hackathon invites you to join!
Security is the prerequisite for releasing the liquidity of trillions of digital assets. In order to lead more developers to explore the "Babylon Staking Guardian Innovation" , get close to the Staking Abstraction Layer (SAL) proposed by Solv Innovation, rush to realize the large-scale application goal vision promoted by Bitcoin staking, and try to make innovative development actions in the Web3 industry, the hackathon competition jointly initiated by Solv x Babylon is one of the important activities of Babylon Hacker House. We sincerely invite you to join!
▫️Competition topic direction
Build a Babylon Staking Guardian
▫️Competition time
5-day online (October 29-November 1)
5 Days Down (November 5 - November 9)
▫️Competition benefits
One-to-one support from Wokshop and Solv & Babylon teams
$20,000 Prize Pool and $80,000 Grants
$800 travel allowance
Opportunity to present your project to investors
If you are also passionate about staking development because of this competition, please join us now!
🎲 Registration link: https://forms.gle/AovMHCzZRvQExEZ97
👨🏻💻 How to create a staking guardian for Babylon Staking? See you at TinTinMeeting this Wednesday night!
Solv Protocol is gaining popularity. Do you know the detailed process and path steps for verifying the staking transaction? Don’t worry, this Wednesday night TinTinMeeting will take you to fully reveal the operation of Solv SAL , and explain the technical dry goods such as the transaction structure, development points and inspection functions of Babylon staking transactions! Solv core developer Chanson will meet you in the live broadcast room. Welcome to chat with experts.
🛫 Activity Theme
Create a staking guardian for Babylon Staking
🛫 Event Time
Wednesday, October 30, 2024 20:00 UTC+8
🛫 Activity process
20:00-20:40 Workshop
20:40-21:00 Q&A
🛫 Share outline
1 Explain the concept and process of Solv SAL pledge transaction verification
2 Explain the Babylon pledge transaction structure
3. Explain the development points of verifying Babylon pledge transactions
4 Test questions/cases and verification process to verify whether the verification function implemented by the developer is correct
🛫 How to participate
Follow TinTinLand WeChat video account (OurTinTinLand) or scan the QR code to make an appointment for the live broadcast. Welcome to scan the QR code to add XiaoT to participate in the event
Or lock in the YouTube live broadcast room: https://youtube.com/live/zm4dV7Nubog?feature=share
🎲 TinTin Meeting is an online live broadcast column opened by TinTinLand, focusing on the field of blockchain technology, inviting industry technical experts and participants to discuss the practical experience and construction results of blockchain technology, aiming to provide developers with new ideas and methods for blockchain development.
