Binance-backed Bitcoin staking platform Solv Protocol has introduced a SolvBTC.BERA vault as it looks to open up the yield generation market on Berachain.

SOLV protocol Announce SolvBTC.BERA on January 13, noting that the deposit vault is integrating Bitcoin (Bitcoin) Owners of Berachain's decentralized financial ecosystem. The protocol aims to provide new yield generation opportunities for Bitcoin holders on Berachain, an Ethereum virtual machine-compatible blockchain that uses a consensus mechanism to prove liquidity.

Users will be able to earn a return on their assets by depositing Bitcoin assets or Bitcoin equivalents such as SolvBTC, SolvBTC.BBN, Wrapped Bitcoin, or Coinbase Wrapped Bitcoin into the SolvBTC.BERA vault. The launch opens the way for multi-layered return generation strategies within the Berachain ecosystem.

To attract early users, Solv Protocol launched the Boyco Pre-Deposit Campaign, an incentive program that rewards early participants at launch.

Users will see their assets spread across seven different production tiers. Includes Solv Season 2, Babylon, Berachain, Kodiak, Dolomite, and Goldilocks rewards. Kodiak is a liquidity hub on Berachain, while Dolomite is a decentralized money market fund and DEX platform.

Notably, funds deposited in SolvBTC.BERA will be subject to a 90-day lock-in period starting from the launch of the Berachain mainnet.

The Berachain ecosystem is based on a three-token model, with BERA the native gas token and HONY the native stablecoin.

The stablecoin issuance fee goes to BGT holders – BGT is the base reward and governance token for Berachain. BERA and HONY tokens are tradable. However, BGT is an illiquid and non-transferable token.