[TEMP CHECK] Onboard SolvBTC to Aave V3 BOB Instance

[TEMP CHECK] Onboard SolvBTC to Aave V3 BOB Instance

Date: 2025-06-23

Author: Solv Protocol & ACI

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Summary

This proposal seeks to onboard SolvBTC to Aave V3 BOB Instance, once it's live, if [ARFC] Deploy Aave v3 on BOB eventually pass and is live.

Motivation

Solv Protocol is the on-chain Bitcoin Reserve, bridging TradFi, CeFi, and DeFi to unlock the full potential of over $1 trillion in Bitcoin. Through SolvBTC and SolvBTC.LSTs (Liquid Staking Tokens), Solv enables both retail and institutional investors to generate returns on their Bitcoin, turning it from an idle asset into a yield-generating instrument that seamlessly integrates with the broader financial ecosystem, driving the next era of Bitcoin Finance.

Solv Protocol is backed by prominent investors such as Binance Labs, Blockchain Capital, Laser Digital, OKX Ventures, and others. Solv Protocol has undergone extensive security audits by leading firms, including Quantstamp, Certik, SlowMist, Salus, and Secbit.

About SolvBTC

SolvBTC, is a token representation of Bitcoin kept in Solv’s Bitcoin Reserves(the Initial Reserves includes BTCB & native BTC only), where it allows Bitcoin liquidity to seamlessly flow across various chains, breaking down inter-chain barriers and providing crucial liquidity infrastructure for the entire Bitcoin-powered finance (BTCFi) ecosystem.

Deployed on more than ten networks like Bitcoin mainnet, Ethereum mainnet, BNB Chain, Berachain, AVAX and BOB, SolvBTC is a key liquidity provider with over 20,000 BTC kept in its reserves. Our robust liquidity has attracted many key players in the DeFi world to partner and build using SolvBTC. Among them include Bitcoin Staking protocol Babylon, Synthetic Dollar Stablecoin Protocol Ethena, Jupiter on Solana, GMX on Arbitrum and many other projects.

Benefits to onboarding SolvBTC

Integrating SolvBTC as collateral on AAVE V3 on BOB will offer several benefits:

1. Enhanced Liquidity

SolvBTC will boost liquidity and trading volumes, due to the various yield opportunities built upon the SolvBTC ecosystem, including Solv RP, DeFi yields

2. Increased Yield Opportunities:

With AAVE v3 on BOB supporting SolvBTC as collateral, users can leverage their SolvBTC holdings to maximize returns from AAVE’s lending and borrowing features, driving higher returns for WBTC lending.

3. Innovative DeFi Strategies:

Support from AAVE v3 on BOB will foster the development of new DeFi strategies for WBTC and SolvBTC, increasing demand for both supplying and borrowing WBTC. Similar cases can already be seen on lending protocols of other L2s, where users lend their xSolvBTC (LST built on top of SolvBTC), to borrow more SolvBTC, and looping for more yields. This resulted in higher protocol fees for those lending protocols due to higher borrowing rates.

4. Solv Points Incentives:

To mark the launch, users can earn Solv RP with a 6x multiplier by lending xSolvBTC — the highest multiplier ever offered — during an exclusive one-month boosting campaign.

Solv Points System Portal: https://app.solv.finance/points

DEFI Page: https://app.solv.finance/defi

These benefits are aligned with similar successful integrations on other lending protocols in the DeFi space, where SolvBTC has enabled users to enhance their yield opportunities and drive higher protocol fees.

Integrating SolvBTC into AAVE V3 on BOB represents a strategic opportunity for Solv, AAVE and BOB Chain. This partnership will enhance liquidity, attract new users, and drive innovative DeFi strategies within the BOB Chain ecosystem. By combining SolvBTC’s robust liquidity with AAVE’s lending capabilities, we can foster significant growth and reinforce our leadership in the DeFi and BTC-Fi sectors.

Specification

Risk Parameters will be provided at ARFC stage by Risk Service Providers.

Asset Overview

• Token Name: SolvBTC
• Token Symbol: SolvBTC
• Contract Address on BOB: 0x541fd749419ca806a8bc7da8ac23d346f2df8b77

Chainlink Oracle: details incoming

Useful links

• POR: https://data.chain.link/feeds/bsc/mainnet/solv-por
• Audits: https://github.com/solv-finance/Audit
• Official Website: https://app.solv.finance/solvbtc
• Documentation: https://docs.solv.finance/
• Github: https://github.com/solv-finance

Disclaimer

ACI (Aave Chan Initiative) is not directly affiliated with Solv Protocol or BOB Foundation and did not receive compensation related to this proposal.

Next Steps

1. Publication of this TEMP CHECK and escalation to TEMP CHECK Snapshot.
2. If 1 pass, publish an ARFC to continue gathering community and Service Providers feedback and escalate to ARFC Snapshot.
3. If the ARFC snapshot outcome is YAE, publish an AIP vote for final confirmation and enforcement of the proposal.

Copyright

Copyright and related rights waived under CC0.