Solv Protocol Partners with Chainlink to Enhance Security of SolvBTC Rate Feed on Ethereum

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Sep 01 2025

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Solv Protocol and Chainlink Collaboration

Integration of Secure Exchange Rate Feed: Solv Protocol has partnered with Chainlink to introduce a Secure Exchange Rate feed for its wrapped Bitcoin asset, SolvBTC, on the Ethereum network. This integration aims to enhance the security and reliability of pricing for decentralized finance (DeFi) applications.
Utilization of Proof of Reserves: The collaboration leverages Chainlink’s Proof of Reserves (PoR) to ensure secure pricing logic for SolvBTC. This allows DeFi protocols to utilize SolvBTC in on-chain lending, providing a robust framework for collateral verification.

Features of the Secure Exchange Rate Feed

Real-Time Collateral Verification: Solv Protocol will utilize its institutional-grade Bitcoin finance infrastructure alongside Chainlink’s PoR to enable real-time verification of collateral for SolvBTC-BTC transactions. This ensures a tamper-resistant redemption rate for DeFi protocols.
Resistance to Price Manipulation: The Secure Exchange Rate feed incorporates built-in upper and lower bounds derived from PoR data, making it resilient against price manipulation, thus enhancing the integrity of the exchange rate.

Benefits for DeFi Ecosystem

Multichain Access and Interoperability: The Secure Exchange Rate feed is supported by Chainlink’s cross-chain interoperability protocol, allowing lending platforms like Aave to access the verified SolvBTC-BTC rate for transparent collateralization and underwriting.
Enhanced Minting Security: Solv Protocol is also implementing Chainlink’s Secure Mint feature, which ensures that the minting of the wrapped BTC asset occurs only when there are sufficient Bitcoin reserves for a 1:1 backing.

Solv Protocol's Market Position

Staking and Total Value Locked: Solv Protocol currently boasts over 25,000 BTC staked and more than $2.5 billion in total value locked. The platform offers various features, including lending and yield vaults.
Launch of BTC+ Vault: Recently, Solv launched the BTC+ vault, a Bitcoin yield vault designed to help holders generate yield from their idle Bitcoin by aggregating capital and deploying it across yield-generating strategies such as staking and on-chain credit markets.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH) As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	623.67	1185.735	1704.52	2266.585	2785.37	3347.435	3866.22
Fibonacci	1185.735	1598.62	1853.7	2266.585	2679.47	2934.55	3347.435

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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