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Solv Protocol Review 2026: Tokenized Bitcoin and Yield Products

Solv Protocol issues SolvBTC, a 1:1 tokenized Bitcoin, plus yield-bearing versions. This listing covers its small Merlin deployment, and the main caveat is wrapped-BTC custody and counterparty risk.

Merlin

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

7.0/10

Good

Visit Solv Others

Our verdict on Solv Others

7.0/10

Solv suits Bitcoin holders who want tokenized BTC they can use as collateral or deploy for yield, and who are comfortable with wrapped-asset risk. Its main strength is a clear product set with regular reserve proofs and custodian attestations. The main caveat is that the Merlin deployment is small, fees and audit details are not on the homepage, and every headline figure is self-reported. Read the audits and redemption terms and start small.

Score breakdown

How Solv Others scores

Security: 6.5/10
Ease of use: 7.0/10
Fees: n/a
Features: 8.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Solv Others?

Solv Protocol presents itself as an on-chain Bitcoin reserve that links DeFi, CeFi, TradFi and real-world assets. Its main products are SolvBTC, a 1:1 tokenized Bitcoin, and SolvBTC liquid staking tokens that earn yield. DefiLlama files it under Anchor BTC.

This entry, listed as Solv Others, tracks a deployment on the Merlin chain with about $532,000 in TVL, listed since May 2025. The project's homepage reports far larger protocol-wide figures: $2.15B TVL, 19,456 BTC in reserves, 1.2M users and 325 integrated projects. Those numbers are self-reported.

News on the site mentions a $10M raise for a Bitcoin Reserve Offering, a Shariah-compliant yield product, and payment integrations with AEON and Alchemy Pay. The team, licences and audit findings are not detailed in its homepage.

How Solv Others works

Solv takes Bitcoin and issues tokenized versions that can move across chains and DeFi apps. SolvBTC is the base token, described as 1:1 with BTC. Because it is a token on a smart-contract chain, it can be used as collateral, supplied to lending markets or placed in liquidity pools.

xSolvBTC is built for yield. The project says it turns idle Bitcoin into active capital and offers instant redemption. BTC+ is described as a hub that routes capital into yield strategies, but it is still marked as coming soon.

Solv says the backing is verified through live allocation data, weekly third-party reserve proofs and monthly custodian attestations. Yield strategies can involve delta-neutral positions, which the weekly proofs are said to cover. The detailed mechanics are in the project's documentation, not in its homepage.

6 features

Key features

SolvBTC tokenized Bitcoin

A core 1:1 tokenized Bitcoin intended to move value across DeFi, exchanges and other systems. The project says it can serve as margin collateral.

xSolvBTC yield token

A yield-bearing version for users who want to earn on idle BTC. It can be used in lending protocols, liquidity pools and other DeFi apps, with instant redemption advertised.

BTC+ strategy hub

A planned allocation hub that directs capital into structured, risk-adjusted BTC yield strategies. It is listed as coming soon.

Reserve transparency reporting

The project publishes real-time allocation of backing assets, weekly reserve proofs and monthly custodian attestations from external partners.

Shariah-compliant yield

A product the project says follows Islamic finance principles, aimed at BTC holders in the Middle East who want yield.

Broad integrations

The homepage cites 325 integrated projects, 11 supported chains and 35 wallet partners. News items mention payment and fiat on-ramp integrations.

Pros and cons

What we like

Clear product ladder: SolvBTC for a 1:1 token, xSolvBTC for yield, BTC+ planned for strategies.
Publishes backing allocation, weekly reserve proofs and monthly custodian attestations.
Reports a wide footprint: 325 integrated projects, 11 chains and 35 wallet partners.
Offers a Shariah-compliant yield product for a niche that is rarely served.
Instant redemption is advertised for xSolvBTC.

Watch out for

The Merlin deployment tracked here holds only about $532,000 in TVL, far below the protocol-wide figure the project reports, so this listing is a small slice of the whole.
DefiLlama lists no audits for this listing, and audit details sit behind a link on the project's site rather than reviewed.
Wrapped and tokenized BTC adds smart-contract, custodian and counterparty risk that holding native Bitcoin does not.
Headline numbers such as TVL, users and reserve ranking are self-reported by the project and not independently confirmed here.
BTC+ and several partner integrations are marked as coming soon, so the full product set is not yet available.
Fees, yield rates and redemption terms are not stated on the homepage.

Solv Others fees

Solv does not publish a fee schedule on its homepage. Management fees, performance fees or redemption charges for SolvBTC, xSolvBTC or BTC+ are not stated publicly reviewed.

Users would normally find product-level terms in the Solv app and the documentation, and should also expect network gas costs on the chain they use. Check these details before depositing.

Is Solv Others safe?

DefiLlama lists no audits for this listing, but the project's footer links to audit reports and a security page. The contents were not part of public sources reviewed, so check them directly. The project says reserves are verified through weekly third-party proofs and monthly custodian attestations, and reports a 100% backing ratio and less than 0.1% of time below $0.998.

Tokenized BTC carries custodian, smart-contract and bridge risk. Yield strategies add counterparty and market risk, and a deployment on a smaller chain like Merlin may have thinner liquidity. The project states that it is not regulated by any federal or state agency and does not offer securities services to U.S. persons. It also says it aligns with MiCA standards. Services are provided as is, and users are told they bear the risk.

6 steps

How to get started with Solv Others

1
Decide which product fits your goal: SolvBTC for a 1:1 tokenized BTC, xSolvBTC for yield, or BTC+ once it launches.
2
Read the documentation, the transparency page and the audit reports before depositing.
3
Open the Solv app from the official site and connect a compatible wallet.
4
Choose a supported chain. This listing tracks the Merlin deployment, but the project says it supports 11 chains in total.
5
Start with a small amount to check minting, redemption and the gas costs involved.
6
Review where you deploy xSolvBTC or SolvBTC, since lending pools and other DeFi apps add their own risks.

Open Solv Others

Who Solv Others is for

Solv fits BTC holders who want to earn yield without selling their Bitcoin, active traders who want a tokenized BTC for margin, and users seeking a Shariah-compliant yield option. It is less suitable for anyone who wants to hold only native BTC or who is uncomfortable with custodian and smart-contract risk.

Solv Others FAQs

What is Solv Protocol?

Solv Protocol describes itself as an on-chain Bitcoin reserve. It issues SolvBTC, a tokenized Bitcoin, and related yield products so BTC holders can use their coins in DeFi, exchange earn programs and other applications.

What is SolvBTC?

SolvBTC is described as a core 1:1 tokenized Bitcoin. The project says it can be used as margin collateral by traders or held through integrated exchange earn programs. It is a wrapped asset, so you rely on the protocol and its custodians to honour the backing.

What is xSolvBTC and how is it different?

xSolvBTC is a yield-bearing product the project calls its capital fuel. It is meant for users who want to earn on BTC and deploy it in lending protocols, liquidity pools or other DeFi apps. The project advertises instant redemption.

Is SolvBTC fully backed?

The homepage says it publishes real-time backing allocation, weekly reserve proofs from third parties and monthly custodian attestations. It also cites a 100% backing ratio. These are the project's own statements, so read the transparency pages and any reports yourself.

How much value is locked in Solv on Merlin?

The DefiLlama entry for this listing shows about $532,000 TVL on Merlin. The homepage reports a much larger $2.15B TVL across all supported chains. The two figures cover different scopes and should not be compared directly.

Is Solv Protocol regulated?

The homepage says Solv is not regulated by any federal or state agency and does not offer securities services to U.S. persons. It also says its products align with MiCA standards and Shariah principles. Check whether the service is available and legal where you live.

Does Solv have a token?

DefiLlama lists no token for this listing. Public reporting refers to a Solv Protocol token with the ticker SOLV, but public sources reviewed do not describe its supply or use.

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