SolvBTC, a liquid yield token introduced by Solv Protocol, has become an integral part of Lista DAO’s collateral options. By incorporating SolvBTC into our platform, Lista DAO enables users to leverage their Bitcoin holdings for greater financial flexibility within the DeFi ecosystem. This innovative token allows users to not only maintain their exposure to Bitcoin but also earn yield, making it an attractive option for those looking to maximize their assets.

In this article, we will guide you through the process of obtaining SolvBTC, depositing it on the Lista DAO platform, and using it as collateral to borrow lisUSD. Whether you’re new to DeFi or an experienced participant, this step-by-step guide will help you navigate the process and make the most of your assets on Lista DAO.

1. Connect Your Wallet:

Start by connecting your wallet to the Solv Protocol’s platform. You can do this through the official Solv app, which supports WalletConnect, MetaMask, and other popular wallets.

2. Deposit BTCB:

Since SolvBTC is based on Bitcoin, you’ll need to deposit BTCB (the wrapped version of Bitcoin on BNB Chain) into the Solv Protocol. Once deposited, the protocol will mint SolvBTC tokens corresponding to your BTCB deposit.

3. Receive SolvBTC:

Once your deposit is confirmed, you will receive SolvBTC in your wallet. This token represents your staked Bitcoin and can now be used across DeFi platforms.

4. Redeem or Trade:

If you decide to exit your position, you can redeem your SolvBTC back into BTCB or trade it within the supported liquidity pools on decentralized exchanges (DEXs) like PancakeSwap on BNB Chain.

This process enables you to maximize the earning potential of your Bitcoin assets while benefiting from the flexibility and liquidity provided by SolvBTC.

For more details, you can visit the Solv Protocol’s official app and explore the available options on the platform.

1. Navigate over to Lista DAO’s Platform:

Go to the ListaDAO platform and connect your wallet, ensuring it holds the SolvBTC you obtained.

2. Navigate to the Collateral Section:

On the Lista DAO interface, find the section dedicated to collateral management. This is where you can deposit various assets, including SolvBTC.

3. Deposit SolvBTC:

Select SolvBTC from the list of eligible collateral assets and specify the amount you want to deposit. Confirm the transaction in your wallet to deposit SolvBTC as collateral on ListaDAO.

4. Verify Deposit:

After the transaction is confirmed on the blockchain, your SolvBTC will be successfully deposited as collateral on ListaDAO. You can view your collateral balance in the platform’s dashboard.

1. Go to the Borrowing Section:

On the ListaDAO platform, navigate to the borrowing section where you can take out loans against your collateral.

2. Select SolvBTC as Collateral:

Choose SolvBTC as the collateral for your loan. The amount of lisUSD you can borrow will depend on the collateral ratio and the value of your deposited SolvBTC.

3. Specify Borrowing Amount:

Enter the amount of lisUSD you wish to borrow. Ensure it is within the borrowing limit based on your SolvBTC collateral.

4. Confirm the Loan:

Review the borrowing terms, including the interest rate and repayment conditions. If everything looks good, confirm the transaction to borrow lisUSD.

5. Receive lisUSD:

After confirmation, the borrowed lisUSD will be credited to your wallet, ready to be used within the DeFi ecosystem or elsewhere as needed.

By following these steps, you can easily deposit SolvBTC on ListaDAO and use it as collateral to borrow lisUSD. This process allows you to leverage your Bitcoin holdings, participate in the DeFi ecosystem, and maximize your financial opportunities with ListaDAO.

SolvBTC, a liquid yield token introduced by Solv Protocol, has become an integral part of Lista DAO’s collateral options. By incorporating SolvBTC into our platform, Lista DAO enables users to leverage their Bitcoin holdings for greater financial flexibility within the DeFi ecosystem. This innovative token allows users to not only maintain their exposure to Bitcoin but also earn yield, making it an attractive option for those looking to maximize their assets.

In this article, we will guide you through the process of obtaining SolvBTC, depositing it on the Lista DAO platform, and using it as collateral to borrow lisUSD. Whether you’re new to DeFi or an experienced participant, this step-by-step guide will help you navigate the process and make the most of your assets on Lista DAO.

1. Connect Your Wallet:

Start by connecting your wallet to the Solv Protocol’s platform. You can do this through the official Solv app, which supports WalletConnect, MetaMask, and other popular wallets.

2. Deposit BTCB:

Since SolvBTC is based on Bitcoin, you’ll need to deposit BTCB (the wrapped version of Bitcoin on BNB Chain) into the Solv Protocol. Once deposited, the protocol will mint SolvBTC tokens corresponding to your BTCB deposit.

3. Receive SolvBTC:

Once your deposit is confirmed, you will receive SolvBTC in your wallet. This token represents your staked Bitcoin and can now be used across DeFi platforms.

4. Redeem or Trade:

If you decide to exit your position, you can redeem your SolvBTC back into BTCB or trade it within the supported liquidity pools on decentralized exchanges (DEXs) like PancakeSwap on BNB Chain.

This process enables you to maximize the earning potential of your Bitcoin assets while benefiting from the flexibility and liquidity provided by SolvBTC.

For more details, you can visit the Solv Protocol’s official app and explore the available options on the platform.

1. Navigate over to Lista DAO’s Platform:

Go to the ListaDAO platform and connect your wallet, ensuring it holds the SolvBTC you obtained.

2. Navigate to the Collateral Section:

On the Lista DAO interface, find the section dedicated to collateral management. This is where you can deposit various assets, including SolvBTC.

3. Deposit SolvBTC:

Select SolvBTC from the list of eligible collateral assets and specify the amount you want to deposit. Confirm the transaction in your wallet to deposit SolvBTC as collateral on ListaDAO.

4. Verify Deposit:

After the transaction is confirmed on the blockchain, your SolvBTC will be successfully deposited as collateral on ListaDAO. You can view your collateral balance in the platform’s dashboard.

1. Go to the Borrowing Section:

On the ListaDAO platform, navigate to the borrowing section where you can take out loans against your collateral.

2. Select SolvBTC as Collateral:

Choose SolvBTC as the collateral for your loan. The amount of lisUSD you can borrow will depend on the collateral ratio and the value of your deposited SolvBTC.

3. Specify Borrowing Amount:

Enter the amount of lisUSD you wish to borrow. Ensure it is within the borrowing limit based on your SolvBTC collateral.

4. Confirm the Loan:

Review the borrowing terms, including the interest rate and repayment conditions. If everything looks good, confirm the transaction to borrow lisUSD.

5. Receive lisUSD:

After confirmation, the borrowed lisUSD will be credited to your wallet, ready to be used within the DeFi ecosystem or elsewhere as needed.

By following these steps, you can easily deposit SolvBTC on ListaDAO and use it as collateral to borrow lisUSD. This process allows you to leverage your Bitcoin holdings, participate in the DeFi ecosystem, and maximize your financial opportunities with ListaDAO.