Ozean Partners with Solv Protocol: Introducing SolvBTC in Oxygen (O2)
Ozean, the blockchain for RWA yield being launched by Clearpool, is introducing SolvBTC by Solv Protocol, the leading Bitcoin staking platform, into Oxygen (O2), the innovative RWA liquidity layer on Ozean.
SolvBTC
SolvBTC, by Solv Protocol, is the universal Bitcoin reserve token, designed to unlock $1 trillion of idle Bitcoin and connect it with the DeFi ecosystem. Solv Protocol is backed by various leading investors, including Nomura subsidiary Laser Digital, Blockchain Capital, and OKX Ventures. Backed 1:1 by BTC, SolvBTC provides Bitcoin holders seamless access to cross-chain DeFi opportunities and yield generation. SolvBTC has over 25,000 BTC staked ($2 billion) deployed across 10 major blockchain networks.
“Delighted that SolvBTC is being introduced to O2 on Ozean. The O2 RWA liquidity layer is geared to foster the advancement of RWAs in their ecosystem, and the inclusion of SolvBTC adds tremendous value to strengthen the network further,” said Ryan Chow, CEO & Co-founder at Solv Protocol.
Oxygen (O2) — The Innovative RWA Liquidity Layer on Ozean
O2 is a sophisticated liquidity mechanism designed to supply the necessary liquidity to fuel the expansion of the Ozean ecosystem. O2 combines RWAs, tokenized treasuries, liquid crypto assets, and yield-bearing tokens into a unified basket. SolvBTC is one of the assets being introduced to O2 after recent announcements of Ethena’s USDe and sUSDe, and Agora’s AUSD. O2 supports key functionalities like swaps, lending, and collateralization, forming a robust liquidity pool that underpins the Ozean ecosystem.
O2 not only provides liquidity but also generates yield from assets like lending protocol tokens and tokenized treasuries. This yield is reinvested, enhancing liquidity and providing additional earning opportunities for contributors.
“By bringing SolvBTC into O2, we’re equipping protocols and users with a liquidity layer that utilizes the leading yield-bearing assets in the sector. We’re delighted to welcome Solv Protocol into the Ozean ecosystem and look forward to further collaborations,” said Jakob Kronbichler, CEO & Co-founder of Clearpool.
Ozean revolutionizes DeFi by seamlessly integrating RWAs in a compliant and user-friendly manner, enabling users to earn native yield on-chain automatically. Ozean is a permissionless Ethereum Layer 2 featuring an optional compliance layer, designed to foster interoperability among permissioned protocols. This enables the creation of a robust ecosystem where RWAs can be traded or used as collateral with enhanced functionalities.
One of O2’s key features is its dynamic rebalancing mechanism, which ensures the liquidity pool’s assets remain aligned with target allocations. As the weightage of O2 takes shape, visit the first Ozean Improvement Proposal (OIP 001), which proposes the ideal weighing of assets for the initial launch of the O2. Stay tuned for more announcements regarding upcoming asset integrations in the coming weeks.
About Ozean
Ozean is the blockchain for RWA yield being launched by Clearpool. Powered by the CPOOL token, Ozean revolutionizes DeFi by seamlessly integrating RWAs in a compliant and user-friendly manner, enabling users to earn native yield on-chain automatically. Launched in March 2022, Clearpool has originated over US$640 million in loans with a growing user base spanning both crypto and TradFi institutions such as Wintermute, Jane Street, Fasanara Digital, CoinShares, and others.
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