Chainlink Integration Powers Real-Time Collateral Verification in SolvBTC Pricing

Solv Protocol has partnered with Chainlink to launch the SolvBTC-BTC Secure Exchange Rate feed, a pricing mechanism that combines exchange rate data with real-time proof of reserves. The integration provides SolvBTC holders with an on-chain redemption rate directly tied to verifiable bitcoin (BTC) reserves, boosting transparency and security.

Unlike traditional feeds based only on market prices, the system anchors SolvBTC’s value to confirmed reserves and sets reserve-based upper and lower limits to reduce manipulation. This makes the token safer to use across DeFi markets, including lending platforms like Aave.

“This is a major step forward for DeFi security,” said Solv CEO Ryan Chow. “Wrapped assets can now be priced using redemption rates grounded in verifiable collateral.”

The secure feed is live on Ethereum, with expansion to other networks such as BOB planned. SolvBTC, launched in April 2024, enables BTC holders to mint a liquid, yield-generating token usable across DeFi applications.

Chainlink’s Proof of Reserve framework ensures wrapped assets remain fully backed, while its interoperability protocol (CCIP) strengthens their utility across multiple chains.

“By combining collateral verification with exchange logic, this solution delivers a redemption rate rooted in cryptographic truth,” said Johann Eid, Chief Business Officer at Chainlink Labs.