We’re excited to announce that Symbiotic, the Universal Staking protocol, has joined forces with Solv Protocol and Chainlink to enhance the cryptoeconomic guarantees of cross-chain transfers of Solv Staked Bitcoin (SolvBTC). By combining Symbiotic’s permissionless restaking architecture with CCIP’s modular, highly configurable security framework, an additional layer of economic assurance is provided to users transferring SolvBTC across chains.

The collaboration incorporates two Symbiotic vaults for LINK and SOLV respectively. These vaults are backed by a Symbiotic-powered monitoring network that monitors SolvBTC transfers via CCIP and issues alerts in case of discrepancies.  The LINK vault used by Solv Protocol is the same vault used by Lombard in their use of Symbiotic to increase the cryptoeconomic guarantees of cross-chain LBTC transfers via CCIP.

This use case highlights how CCIP’s modular security architecture empowers token issuers like Solv Protocol to meet their specific security needs. By seamlessly integrating Symbiotic’s restaked collateral for cross-chain transfers—without modifying CCIP itself—Solv layers custom cryptoeconomic protections that elevate SolvBTC assets to a new benchmark of trust and resilience.

Whether through additional validation logic or external monitoring networks, CCIP provides the flexibility to support a wide range of risk frameworks to meet any use case requirement.

“We’re excited to be collaborating with Symbiotic and Solv to enhance the cryptoeconomic guarantees of cross-chain SolvBTC transfers, showcasing how CCIP’s modular security architecture provides the flexibility to meet any use case requirement across chains.” — Johann Eid, Chief Business Officer at Chainlink Labs

“Symbiotic helps crypto assets gain more utility by turning them into modular, active security. Expanding our universal staking framework with Chainlink CCIP for cross-chain SolvBTC transfers shows how decentralized collateral can be deployed quickly and permissionlessly to reinforce cross-chain value flows and deliver tangible benefits to end users.” — Misha Putiatin, Co-Founder, Symbiotic

“SolvBTC is designed to serve users across multiple networks without compromising on security. By combining CCIP’s modular architecture with Symbiotic’s restaked collateral, we’re adding stronger economic guarantees around SolvBTC’s cross-chain transfers and aligning incentives across our interoperability stack, which we believe should be the golden standard for asset issuers.” — Ryan Chow, CEO, Solv Protocol

About Chainlink

Chainlink is the industry-standard oracle platform bringing the capital markets onchain and powering the majority of decentralized finance (DeFi). The Chainlink stack provides the essential data, interoperability, compliance, and privacy standards needed to power advanced blockchain use cases for institutional tokenized assets, lending, payments, stablecoins, and more. Since inventing decentralized oracle networks, Chainlink has enabled tens of trillions in transaction value and now secures the vast majority of DeFi. 

Many of the world’s largest financial services institutions have also adopted Chainlink’s standards and infrastructure, including Swift, Euroclear, Mastercard, Fidelity International, UBS, ANZ, and top protocols such as Aave, GMX, Lido, and many others. Chainlink leverages a novel fee model where offchain and onchain revenue from enterprise adoption is converted to LINK tokens and stored in a strategic Chainlink Reserve. Learn more at chain.link.

About Symbiotic

Symbiotic is a universal staking protocol that provides a modular coordination framework for the blockchain ecosystem. It enables protocols to evolve their security models over time and unlock entirely new economic primitives. Backed by Paradigm, Pantera Capital, Coinbase Ventures, cyberFund, and over 100 angel investors, Symbiotic launched 14 production decentralized networks, and the list keeps expanding with additional networks in various stages of integration. For more, visit Ecosystem at https://symbiotic.fi.

About Solv Protocol

Solv Protocol is the Operating Layer for Bitcoin, powering the $1T Bitcoin Finance economy through lending, liquid staking, and high-efficiency yield products. Solv connects the world’s hardest money to where capital works, transforming Bitcoin from a passive store of value into a productive and globally accessible financial-class asset. For more, visit Ecosystem at https://solv.finance/