24h Change-3.15%
All Time HighOct 6, 2025$125,693
All Time LowAug 5, 2024$49,058
Market Cap$397.02m
Fully Diluted Valuation$1.319t
Circ. Supply6,322 SolvBTC
Max Supply21m SolvBTC
CEX Volume$0
DEX Volume$390,656
How much debt can be issued against SolvBTC as collateral across lending protocols.
Maximum possible exposure to SolvBTC
$119.22m
$38.86m (max additional borrows against SolvBTC) + $80.36m (bad debt if SolvBTC was hacked now)
Venus Core Pool
$100.63m at-risk exposure = $79.3m bad debt if hacked + $21.34m additional borrowable against SolvBTC
Tydro
$15.47m at-risk exposure = -- bad debt if hacked + $15.47m additional borrowable against SolvBTC
Morpho V1
$2.24m at-risk exposure = $986,313 bad debt if hacked + $1.26m additional borrowable against SolvBTC
Lista Lending
$869,630 at-risk exposure = $72,679 bad debt if hacked + $796,951 additional borrowable against SolvBTC
Showing collateral exposure for SolvBTC on onchain. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for SolvBTC as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
SolvBTC0x4aae823a6a0b376de6a78e74ecc5b079d38cbcf7 | $21.34m | $79.3m | ||
SolvBTC0xae4efbc7736f963982aacb17efa37fcbab924cb3 | $15.47m | — | ||
SolvBTC0x7a56e1c57c7475ccf742a1832b028f0456652f97 | $1.26m | $986,313 | ||
SolvBTC0x4aae823a6a0b376de6a78e74ecc5b079d38cbcf7 | $796,951 | $72,679 |
Risk-management actions published about SolvBTC by tracked risk managers and governance contributors, newest first.
SolvBTC represents Bitcoin held in audited reserves, enabling cross-chain liquidity and yield generation for over 20,000 BTC. Onboarding as collateral on Aave V3 BOB will enhance liquidity, allow users to leverage holdings for higher yields via lending and borrowing, and foster innovative DeFi strategies like looping for amplified returns.
Solv Protocol's TVL is $2.1B, but SolvBTC on Ethereum has skewed distribution with < $5M in EOAs, low AMM liquidity (10 SolvBTC swaps to just 7.11 WBTC), and a persistent 15 bps depeg amid community concerns on backing and decentralization. The Solv team provides no lending incentives, limiting adoption potential.
SolvBTC is a decentralized BTC reserve token from Solv Protocol, aggregating wrapped BTC via smart contracts and Chainlink CCIP for cross-chain interoperability, reducing single-issuer dependence but exposing to bridging and liquidity fragmentation risks.
Onboarding solvBTC as new collateral diversifies BTC exposure and provides more hedging opportunities against ETH and stablecoin positions.
Pendle PT-solvBTC tokens are being onboarded as non-borrowable collateral in the new Pendeul market, enabling users to multiply PT yields while lenders benefit from correlated value resolution to the underlying solvBTC at maturity, with limited cross-collateralization risk.
An is required to view token usage.
An is required to view token liquidations.
Showing 10 of 15 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabSOLVBTC | $168.88m | < 0.0001% | < 0.0001% | 0% | |||||
| open in new tabSOLVBTC | 🪂 | $4.29m | 0% | 0% | 0% | ||||
| open in new tabWBTC-SOLVBTC0.05% | $3.77m | 0.01% | 0.01% | 0.11% | |||||
| open in new tabSOLVBTC-STRKBTC0.05% fee | CL range 1.04% | $1.21m | 14.41% | 0% | 24.11% | |||||
| open in new tabSOLVBTCsolvBTC | 🪂 | $778,845 | 2.58% | 2.58% | 2.66% | ||||
| open in new tabBTC.B-SOLVBTCCL - 1 | $297,467 | 1.07% | 0% | 4.03% | |||||
| open in new tabSOLVBTC-BTC.B | $228,392 | 0.03% | 0.03% | 0.06% | |||||
| open in new tabSOLVBTC-STRKBTC0.05% fee | $77,192 | 14.41% | 0% | 16.84% | |||||
| open in new tabKBTC-SOLVBTCCL1 - 0.02% | $51,386 | 5.93% | 5.93% | 5.59% | |||||
| open in new tabSOLVBTC | 🪂 | $12,699 | 0.08% | 0.08% | 0.08% |
Showing 10 of 172 routes
Pool | Project | Chain | |||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabSOLVBTC ➞ DOGE | 🪂 | $6.61m | 0.08% | 0.08% | 0% | 70% | $14,539 | $1,841 | |
| open in new tabSOLVBTC âžž DOGE | $6.61m | < 0.0001% | < 0.0001% | 0% | 75% | $169.44m | $565,645 | ||
| open in new tabSOLVBTC ➞ DOGE | 🪂 | $6.61m | 0% | 0% | 0% | 70% | $4.29m | $0 | |
| open in new tabSOLVBTC âžž DOGE | $6.61m | 0% | 0% | 0% | 72.5% | $1.04m | $4,821 | ||
| open in new tabSOLVBTC ➞ TRX | 🪂 | $842,415 | 0.08% | 0.08% | 0% | 70% | $14,539 | $1,841 | |
| open in new tabSOLVBTC âžž TRX | $842,415 | < 0.0001% | < 0.0001% | 0% | 75% | $169.44m | $565,645 | ||
| open in new tabSOLVBTC ➞ TRX | 🪂 | $842,415 | 0% | 0% | 0% | 70% | $4.29m | $0 | |
| open in new tabSOLVBTC ➞ GGAVAX | 🪂 | $484,192 | 0.04% | 0.08% | -0.06% | 70% | $14,539 | $1,841 | |
| open in new tabSOLVBTC ➞ SAVAX | 🪂 | $111,599 | 0.08% | 0.08% | 0% | 70% | $14,539 | $1,841 | |
| open in new tabSOLVBTC âžž SAVAX | $111,599 | < 0.0001% | < 0.0001% | 0% | 75% | $169.44m | $565,645 |
