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SolvBTC is a universal Bitcoin Reserve token, backed by Bitcoin. It’s designed to unify fragmented Bitcoin liquidities across different networks.
It’s a liquid staking token representing the staked Bitcoin in Babylon. You earn staking rewards from Babylon while unlocking liquidity and additional yields.
Redemption for SolvBTC.BBN is currently unavailable. Details on when redemptions will resume will be announced soon. In the meantime, you can exit your position through decentralized exchanges (DEXs).