Asset Guide - xSolvBTC

Guide to xSolvBTC on Sei

What is xSolvBTC?

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.

Where do I get xSolvBTC?

You can get xSolvBTC from:

• On-chain swaps via Sei based DEXs like Sailor or Symphony.

• Solv Protocol by staking SolvBTC into the Babylon ecosystem.

• Bridging from supported EVM chains where SolvBTC and xSolvBTC are available.

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The following are available as of April 20, 2025

Get xSolvBTC on Sei

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

1. Swap via Symphony.

   • Navigate to Symphony.

   • Swap any asset for xSolvBTC.

   

Method 2: Bridge xSolvBTC to Sei via Solv Protocol

1. 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.

   
2. 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.

   

   

   (For users with >1 BTC, consider using Free Tunnel for less slippage.)

   • Approve the transaction.

   

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Supply xSolvBTC on Yei

1. Deposit xSolvBTC.

   • Navigate to the Yei Finance dashboard.
   • Select Solv Market.

     

     • Locate xSolvBTC and click "Supply".

   • Enter the amount and confirm the transaction.0

   

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

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Bridge xSolvBTC out of Sei

Method: Cross-chain via Solv Protocol

How do redemptions work for xSolvBTC?

Redeem your xSolvBTC by submitting a request on the Solv platform. Processing occurs three times monthly:

• Requests submitted from the 1st to the 9th → Processed on the 20th

• Requests submitted from the 10th to the 19th → Processed on the end of the month

• Requests submitted from the 20th to the end of the month → Processed on the 10th of the following month

🔹 If a processing date falls on a weekend, it shifts to the next business day. A 0.2% redemption fee applies, unlocking expanded DeFi opportunities.

1. 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.

   

   

   (For users with >1 BTC, consider using Free Tunnel for less slippage.)
2. 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.

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.