Asset Guide - xSolvBTC
Guide to xSolvBTC on Sei
Last updated
Guide to xSolvBTC on Sei
Last updated
xSolvBTC is a yield bearing Bitcoin token representing staked Bitcoin in the Babylon ecosystem. Pegged 1:1 with BTC, it enables users to earn Babylon staking rewards while unlocking liquidity and additional yield opportunities across DeFi. Issued by Solv Protocol, xSolvBTC is a liquid asset available across multiple chains and is part of Solv’s broader mission to unify Bitcoin liquidity for DeFi participation.
Solv Protocol by staking SolvBTC into the Babylon ecosystem.
Bridging from supported EVM chains where SolvBTC and xSolvBTC are available.
Get xSolvBTC on Solv Finance.
Acquire wBTC from a CEX or swap on a DEX.
Navigate to Solv Protocol.
Deposit wBTC to mint SolvBTC.
Stake SolvBTC for xSolvBTC.
Bridge xSolvBTC to Sei.
Navigate to the Cross Chain tab on Solv.
Select your source chain and Sei as the destination.
Review the bridge recommendation and proceed.
Approve the transaction.
Deposit xSolvBTC.
Navigate to the Yei Finance dashboard.
Enter the amount and confirm the transaction.0
🎉 That’s it! You are now utilizing your xSolvBTC to earn rewards and Yei points.
Bridge out via Solv Protocol.
Navigate to the Solv Cross Chain tab.
Select Sei as the source chain and choose your destination chain.
Review the bridge recommendation and proceed.
Approve the transaction.
Unstake xSolvBTC for SolvBTC.
Navigate to the xSolvBTC page.
Select "Unstake" and approve the withdrawal.
Confirm the redemption and wait for the unlock period.
Navigate to the portfolio page to claim SolvBTC after the waiting period.
Navigate to the 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.