Solv Protocol announced its collaboration with Fragmetric and Zeus Network to launch FragBTC, the first native Bitcoin yield product on Solana. This product is a Liquid Re-Staking Token (LRT) designed to enhance Solana's economic potential and security while providing Bitcoin holders with a new way to earn stable BTC-denominated yields. FragBTC utilizes the Bitcoin yield strategy SolvBTC.JUP developed by Solv Protocol, generating base yields by participating in the Jupiter JLP pool on the Jupiter exchange.

PANews reported on April 25 that according to the official announcement, Solv Protocol announced that it will jointly launch Solana's first native Bitcoin yield product FragBTC with Fragmetric and Zeus Network. This is a liquid re-pledge token (LRT) designed to enhance Solana's economic potential and security while providing Bitcoin holders with a new way to earn stable BTC-denominated returns. FragBTC uses SolvBTC.JUP, a Bitcoin yield strategy developed by Solv Protocol, to generate its underlying yield. SolvBTC.JUP earns BTC-denominated returns by participating in the Jupiter JLP pool of the Jupiter exchange.

Solv Protocol collaborates with Fragmetric and Zeus Network to launch FragBTC, Solana's first native Bitcoin yield product