Asset Guide - SolvBTC

Guide to SolvBTC on Sei

What is SolvBTC?

SolvBTC is a yield-bearing BTC asset issued by Solv Protocol, designed to maximize Bitcoin’s capital efficiency while maintaining a decentralized and composable structure. It is primarily available on Sei, Ethereum, and other EVM-compatible networks.

Where to get SolvBTC

You can get SolvBTC from:

• On-chain swaps via Sei-based DEXs like Sailor

• Decentralized platforms like Uniswap and 1inch (EVM)

• Solv Protocol by depositing BTC or WBTC

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The following methods are available as of Apr 14, 2025

Get SolvBTC on Sei

Method 1: Swap for SolvBTC on Sei (fastest, but subject to liquidity)

1. Swap via Sailor.

   • Navigate to Sailor Finance.

   • Swap any asset for SolvBTC.

   

   • Approve the transaction.

Method 2: Bridge SolvBTC to Sei via Solv Protocol

1. Get SolvBTC on Solv Finance.

   • Acquire WBTC from a CEX or swap on a DEX.

   • Navigate to Solv Protocol.

   

   • Deposit WBTC to mint SolvBTC.

   

   • Approve the transaction.

   
2. Bridge SolvBTC to Sei.

   • Navigate to Cross-Chain tab on Solv.

   

   • Select your source chain and Sei as the destination.

   

   • Review the bridge recommendation and proceed.

   

   • Approve the transaction.

Use Tunnel only if you are bridging a large amount, as this method may take a few days to complete.

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Supply SolvBTC on Yei

1. Navigate to Yei Finance dashboard.
2. Select Solv Market.

   

   • Locate SolvBTC, and click "Supply".

3. Enter the amount and confirm the transaction.

🎉 That’s it! You are now utilizing your SolvBTC to earn rewards and Yei points.

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Bridge SolvBTC out of Sei

Method 1: Swap on Sailor (fastest, but subject to liquidity)

1. Swap SolvBTC on Sailor.

   • Navigate to Sailor Finance.
   • Swap SolvBTC for any other asset.

   
2. Bridge out of Sei.

   • Check the appropriate asset guide (e.g., USDC, USDT).

Method 2: Cross chain via Solv Protocol

1. Bridge out via Solv Protocol.

   • Navigate to Solv Cross Chain tab.
   • Select Sei as the source chain and choose your destination chain.

   

   • Review the bridge recommendation.

   

   • Approve the transaction.

2. Redeem WBTC on Solv Protocol.

   • Navigate to SolvBTC page.
   • Select "Withdraw" and approve the withdrawal.

   

   • Confirm the redemption and wait for the 7-day unlock period.

   

   • Navigate to the portfolio page to claim WBTC after the waiting period.

For large transfers, start with a small test transaction to ensure a smooth process. Once comfortable, gradually increase the amount. Performing multiple test transactions is recommended to understand how the bridge operates.