Asset Guide - xSolvBTC

Guide to xSolvBTC on Sei

What is xSolvBTC?

xSolvBTC is a yield bearing Bitcoin token representing staked Bitcoin in the Babylon ecosystem. Pegged 1:1 with BTC, it enables users to earn Babylon staking rewards while unlocking liquidity and additional yield opportunities across DeFi. Issued by Solv Protocol, xSolvBTC is a liquid asset available across multiple chains and is part of Solv’s broader mission to unify Bitcoin liquidity for DeFi participation.

Where do I get xSolvBTC?

You can get xSolvBTC from:

• On-chain swaps via Sei based DEXs like Sailor or Symphony.

• Solv Protocol by staking SolvBTC into the Babylon ecosystem.

• Bridging from supported EVM chains where SolvBTC and xSolvBTC are available.

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The following are available as of April 20, 2025

Get xSolvBTC on Sei

Method 1: Swap for xSolvBTC on Sei

1

Swap via Symphony

• Navigate to Symphony.

• Swap any asset for xSolvBTC.

Method 2: Bridge xSolvBTC to Sei via Solv Protocol

1

Get xSolvBTC on Solv Finance

• Acquire wBTC from a CEX or swap on a DEX.

• Navigate to Solv Protocol.

• Deposit wBTC to mint SolvBTC.

• Stake SolvBTC for xSolvBTC.

2

Bridge xSolvBTC to Sei

• Navigate to the Cross Chain tab on Solv.

• Select your source chain and Sei as the destination.

• Review the bridge recommendation and proceed.

(For users with >1 BTC, consider using Free Tunnel for less slippage.)

• Approve the transaction.

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Supply xSolvBTC on Yei

1

Deposit xSolvBTC

• Navigate to the Yei Finance dashboard.

• Select Solv Market.

• Locate xSolvBTC and click "Supply".

• Enter the amount and confirm the transaction.

🎉 That’s it! You are now utilizing your xSolvBTC to earn rewards.

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Bridge xSolvBTC out of Sei

Method: Cross-chain via Solv Protocol

How do redemptions work for xSolvBTC?

Redeem your xSolvBTC by submitting a request on the Solv platform. Processing occurs three times monthly:

• Requests submitted from the 1st to the 9th → Processed on the 20th

• Requests submitted from the 10th to the 19th → Processed on the end of the month

• Requests submitted from the 20th to the end of the month → Processed on the 10th of the following month

🔹 If a processing date falls on a weekend, it shifts to the next business day. A 0.2% redemption fee applies, unlocking expanded DeFi opportunities.

1

Bridge out via Solv Protocol

• Navigate to the Solv Cross Chain tab.

• Select Sei as the source chain and choose your destination chain.

• Review the bridge recommendation and proceed.

• Approve the transaction.

(For users with >1 BTC, consider using Free Tunnel for less slippage.)

2

Unstake xSolvBTC for SolvBTC

• Navigate to the xSolvBTC page.

• Select "Unstake" and approve the withdrawal.

• Confirm the redemption and wait for the unlock period.

• Navigate to the portfolio page to claim SolvBTC after the waiting period.

• Navigate to the SolvBTC page.

• Select "Withdraw" and approve the withdrawal.

• Confirm the redemption and wait for the 7 day unlock period.

• Navigate to the portfolio page to claim wBTC after the waiting period.

For large transfers, start with a small test transaction to ensure a smooth process. Once comfortable, gradually increase the amount. Performing multiple test transactions is recommended to understand how the bridge operates.