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Solv Protocol, in collaboration with Fragmetric and Zeus Network, has launched the Solana native yield Bitcoin product FragBTC.
PANews April 25 news, according to official announcement, Solv Protocol has announced the joint launch of the first native yield Bitcoin product on Solana, FragBTC, in collaboration with Fragmetric and Zeus Network. This is a Liquidity Re-staking Token (LRT) designed to enhance Solana's economic potential and security, while providing Bitcoin holders a new way to earn stable BTC-denominated returns. FragBTC utilizes the Bitcoin yield strategy SolvBTC.JUP developed by Solv Protocol to generate its underlying returns. SolvBTC.JUP earns BTC-denominated returns by participating in the Jupiter exchange's Jupiter JLP pool.