Solv Protocol launched a Bitcoin token providing the yield on avalanche blockchain, giving institutional investors more exposure to performance opportunities supported by real assets, or RWAS.
On May 16, the protocol unveiled Solvbtc.avax, a token that connects Bitcoin 
Btcusd To real assets like us, Treasurys and Private Credit offered by Blackrock and Hamilton Lane.
The new token was developed thanks to a partnership in seven -tracks involving Solv, Avalanche, Balancer, Elixir, Euler, Re7 Labs and LFJ, said the company.
The founder of the Solv protocol, Ryan Chow, said that the token is a means of connecting bitcoin to “real world economic cycles” in unrealed assets such as American government obligations and private credit, as opposed to the four -year cycle typical of BTC.
The token uses a multi-protein strategy to generate a yield involving the stablecoin of Elixir Deusd, treasures provided by Blackrock and Hamilton Lane via Elixir, and incorporated on the Euler loan platform to increase exposure to RWA.
“The yield is received in BTC format,” a spokesperson for the Solv protocol said in Cointelegraph
Solv is a Bitcoin centered implementation platform that offers performance strategies in various blockchains and decentralized financial applications. The protocol controls more than $ 2.3 billion in total locked value, according to industry data.
The race to offer a bitcoin yield intensifies
The demand for Bitcoin yield solutions has developed in the middle of the recent wave of institutional adoption of digital assets.
Earlier this month, Crypto Exchange Coinbase launched the Bitcoin yield fund, which aims to offer annual yields between 4% and 8% on BTC Holdings.
The return will be won thanks to a cash and transport strategy, which involves the purchase of BTC on the cash market and the sale of a corresponding term contract, said Coinbase.
Coinshares’ analyst, satisfaction, predicted the growing interest in Bitcoin performance in December, noting that more investors are now seeing BTC “not only as a value store but also as a means of generating yields”.
Although there are many ways to generate Bitcoin yield, such as taking advantage of derivatives or yields, Michael Saylor’s strategy introduced his own metric “BTC yield” to measure the performance of its investment strategy.
According to the company, the BTC yield of Strategy, which measures the quantity of additional bitcoin which it acquires in relation to its actions in circulation, is currently 15.5% up to date, according to the company.
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