Solv Protocol, a financial services provider for Bitcoin holders, has teamed up with the decentralized oracle network Chainlink to boost the transparency and security of its liquid token, SolvBTC. By integrating Chainlink’s Proof of Reserve (PoR), Solv can now provide real-time verification of its actual Bitcoin reserves directly within its price feed.
Unlike standard price feeds that rely only on market data, this new SolvBTC-BTC Secure Exchange Rate feed uses both exchange rate calculations and real-time proof of reserves. This ensures the on-chain redemption rate is backed by verifiable collateral, making it more resistant to manipulation. This feature makes SolvBTC safer for use in decentralized lending markets like Aave.
SolvBTC, launched in April 2024, is a liquid staking token that lets Bitcoin holders use their BTC in decentralized finance (DeFi) ecosystems to earn yield. Users can deposit their BTC to mint SolvBTC, which can then be used across different DeFi protocols.
The new secure exchange rate feed is already live on the Ethereum mainnet, with plans to expand to other chains. According to Ryan Chow, CEO of Solv, this partnership marks a major evolution in DeFi security. Chainlink’s PoR system verifies that the on-chain supply of a token is fully backed by its reserves held either off-chain or on other blockchains. This collaboration allows wrapped assets to function securely as collateral across multiple blockchains, which is increasingly important given the billions of dollars in wrapped assets circulating in DeFi.
September 2025, Cryptoniteuae
