OKX Bitcoin DeFi Reward Program is now live

ChainCatcher news, the OKX Bitcoin DeFi reward event is now live. Users can share a reward of 1600 AVAX tokens (approximately $40,000) by minting BTC.b into SolvBTC. After that, users can stake the minted SolvBTC on Babylon to earn solvBTC.BBN and gain an additional 0.59 SolvBTC (approximately $40,000), while still enjoying AVAX rewards.

It is reported that SolvBTC is a universal Bitcoin reserve token designed to unify cross-chain Bitcoin liquidity. It allows Bitcoin holders to use their assets across multiple chains, earn yields, and participate in DeFi protocols while maintaining the liquidity of Bitcoin.