Kinto is an L2 rollup designed to accelerate the transition to an on-chain financial system. It features user-owned KYC, AML, and native account abstraction to solve the biggest blockers to mainstream adoption: security and user experience.
TLDR
- SolvBTC is now available on Kinto, with rewards from Solv and the Kinto Mining Program.
- SolvBTC is the liquid yield token for Bitcoin, enabling users to earn yield and participate in DeFi.
- SolvBTC is backed 1:1 by wrapped Bitcoin (WBTC).
- New users can now buy SolvBTC from Arbitrum and bridge it onto Kinto in one click.
- Existing SolvBTC holders on Arbitrum can bridge their assets to Kinto to earn Kinto mining rewards and Solv XP.
After launching our mainnet and the mining program, Kinto is ramping up our asset offering with the first BTC asset.
We are excited to announce a partnership with Solv to give SolvBTC holders rewards from both the Kinto Mining program and XP from Solv.
⚙️ The Assets
SolvBTC is a liquid yield token for Bitcoin on Ethereum backed 1:1 by its wrapped version of Bitcoin (WBTC).
You can now access SolvBTC from Kinto here. Accessing it from your Kinto wallet has many benefits:
- Receive 2 XP from Solv directly in your Kinto wallet.
- Participate in the Mining program to earn Kinto mining rewards. SolvBTC receives an extra 5% boost 🚀
- No gas fees. If you deposit an ERC-20, deposit, and bridge fees are covered. All transactions on Kinto are sponsored as well.
- One-click deposit. You can purchase and bridge SolvBTC in one click.
- Highest security standard. Access assets from the safety and comfort of your Kinto wallet.
🪙 Why Solv?
Solv are making it easier for users to diversify their portfolios with the world’s largest digital asset. They are:
- The Decentralized and trustless leading wrapper for BTC on Ethereum
- Backed by real BTC reserves
- Secure, transparent, and auditable
These properties have quickly raised Solv to prominence, reaching 1.3B in TVL.
⛩️ Why Kinto?
Kinto has been designed from the ground up to provide safe access to the best financial primitives available in the Ethereum ecosystem.
Thanks to chain abstraction and account abstraction functionality, Kinto users can access SolvBTC directly from the Kinto network and hold the assets safely in their Kinto smart contract wallet.
Given its user-owned KYC and enforced account abstraction, Kinto can provide much higher security guarantees than any other L2 network.
Finally, Kinto covers all the gas fees for depositing, avoiding expensive mainnet fees.
🛤 Take the Golden Road to Kinto
Kinto offers safe and intuitive access to the best digital assets in the Ethereum ecosystem, now including SolvBTC.
Through the Mining Program Launch, Kinto gives depositors 2% of the token supply during on-chain summer.
You can participate by depositing any asset below
https://engen.kinto.xyz/explore
We want to accelerate the transition to an on-chain financial system. A system that can match the guarantees of traditional finance, increase availability 24/7, enhance security, and decrease the friction and costs associated with conventional asset issuance.
If you share our vision for a secure, open, decentralized financial system, help us realize it.
Join us!
