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Solv was officially launched on March 20, 2023. In more than a year, Solv's positioning has changed from an early fund supermarket to today's Bitcoin reserve protocol. At the beginning, Solv Protocol was positioned as a fund supermarket, that is, a full-scale financial platform based on the ERC-3525 protocol, introducing various complex and advanced financial assets. With the rapid development of the cryptocurrency market, especially the rapid rise of the Bitcoin ecosystem, Solv has keenly grasped this trend and began to shift its core business focus to Bitcoin's DeFi applications. Solv has launched several important products in the Bitcoin ecosystem, such as SolvBTC and Staking Abstraction Layer (SAL). In particular, the launch of SAL shows that Solv is trying to solve the liquidity and income problems of Bitcoin applications in DeFi, and also shows its deep understanding of the efficient use of Bitcoin assets.
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