Binance-backed Solv Protocol introduces Bitcoin staking on Base with cbBTC token

Solv Protocol has launched Bitcoin staking for cbBTC holders on the Base network. cbBTC holders on the Solv protocol can mint SolvBTC and convert it to SolvBTC.BBN for Bitcoin staking yield. cbBTC, backed 1:1 by Coinbase’s BTC holdings, is live on Ethereum and Base for DeFi integration. Solv Protocol, supported by Binance Labs, has unveiled […]

Coinbase’s wrapped Bitcoin token cbBTC goes live

Coinbase launches cbBTC, an ERC20 token backed 1:1 by Bitcoin in its custody. cbBTC allows BTC holders to access DeFi apps like Aave, Compound, and MakerDAO. Over 843,783 Bitcoins back cbBTC, representing 4% of the total Bitcoin supply. Coinbase, the largest cryptocurrency exchange in the US, has officially launched its new tokenization product, Coinbase Wrapped […]