Solv Protocol, with over $2 billion in BTC locked, launched SolvBTC.CORE on Tuesday, a Shariah-compliant yield product. Developed with the Core ecosystem, it offers DeFi applications like lending and decentralized exchanges.
Created with guidance from Nawa Finance and accredited by Amanie Advisors, SolvBTC.CORE secures the Core blockchain network. It engages in on-chain DeFi activities while adhering to Islamic finance principles.
This launch allows BTC holders in the Middle East to participate in the Core blockchain's ecosystem. They can generate additional yield on top of their spot holdings, according to a CoinDesk press release.