Share this article
Solv and Chainlink Bring Real-Time Collateral Verification to SolvBTC Pricing
The SolvBTC-BTC Secure Exchange Rate feed combines exchange rate calculations with real-time proof of reserves, offering a robust on-chain redemption rate.
Sep 1, 2025, 8:00 a.m.
What to know:
- Solv Protocol has partnered with Chainlink to integrate real-time verification of BTC reserves into its SolvBTC price feed, enhancing transparency and trust.
- The SolvBTC-BTC Secure Exchange Rate feed combines exchange rate calculations with real-time proof of reserves, offering a robust on-chain redemption rate.
- This new mechanism is designed to make SolvBTC resistant to manipulation and safer for use in decentralized lending markets, such as Aave.
Solv Protocol, a financial services provider for bitcoin holders, has partnered with decentralized oracle network Chainlink to integrate real-time verification of Solv's actual BTC reserves backing its liquid token, SolvBTC, directly into its price feed. This integration enhances transparency and builds greater trust for users.
Unlike traditional price feeds that rely solely on market data, the new SolvBTC-BTC Secure Exchange Rate feed combines exchange rate calculations with real-time proof of reserves, delivering an on-chain redemption rate firmly anchored in verifiable collateral.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Additionally, the mechanism features built-in upper and lower bounds based on reserve data, making it resistant to manipulation and safer for use in decentralized lending markets such as Aave.
“We’re excited to work with Chainlink to launch a Secure Exchange Rate feed. This marks a major evolution in DeFi security, allowing protocols to more accurately price wrapped assets by leveraging redemption rates rooted in verifiable collateral, powered by the Chainlink standard,” said Ryan Chow, Co-Founder and CEO of Solv, in a press release shared with CoinDesk.
The SolvBTC-BTC Secure Exchange Rate feed is now live on the Ethereum mainnet, with plans to expand to other chains, including BOB.
SolvBTC, launched in April 2024, is a bitcoin-backed liquid staking token that enables BTC holders to participate in decentralised finance (DeFi) ecosystems and earn yield while maintaining BTC exposure. Users can deposit BTC and mint SolvBTC, a liquid representation of staked BTC, usable across various DeFi protocols, including vaults, decentralized exchanges (DEXs), and lending platforms.
Chainlink’s Proof of Reserve (PoR) leverages its decentralized oracle network to verify that the on-chain supply of tokenized assets, like stablecoins or wrapped assets, is fully backed by actual reserves held off-chain or on other blockchains.
With billions of dollars in wrapped assets circulating within DeFi, transparent, reliable pricing mechanisms are increasingly critical. By combining PoR with price feeds atop Chainlink's existing cross-chain interoperability via CCIP, Solv enables wrapped assets to function securely as collateral across multiple blockchains.
Johann Eid, Chief Business Officer at Chainlink Labs, summarized it well: “By combining real-time collateral verification with exchange rate logic, this solution delivers a redemption rate rooted in cryptographic truth, raising the security standard for wrapped assets across DeFi.”
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
