According to official news, the OKX Bitcoin DeFi reward event is now online. Users can share 1,600 AVAX token rewards (about $40,000) by casting BTC.b into SolvBTC. After that, users can stake the minted SolvBTC on Babylon to obtain solvBTC.BBN and earn an additional 0.59 SolvBTC (about $40,000) while continuing to enjoy AVAX rewards.
SolvBTC is reportedly a universal Bitcoin reserve token designed to unify cross-chain Bitcoin liquidity. It enables Bitcoin holders to use assets on multiple chains, earn income, and participate in DeFi protocols while maintaining Bitcoin liquidity.