Unlock Solv’s Future Rewards with $vSOLV

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$vSOLV is Solv’s time-locked token rewarding participation, redeemable 1:1 for $SOLV by March 17, 2026.

By:

Solv Team

Published:

Sep 18, 2025

What to Know

What is $vSOLV — Sept 17, 2025 → Mar 17, 2026; time-locked $SOLV redeemable 1:1 at program end.
How to obtain $vSOLV — Campaign events; claims open until June 17, 2026; early swaps burn more but penalty decreases daily over 180 days to 0 by Mar 17, 2026.
Campaign 1 (SolvBTC.BNB PT/YT) — 2× fee rebates (weekly $20k cap) + weekly $10k trading competition (top 5 get $2k each; ≥$1k fees to qualify; dual eligibility).
Campaign 2 — Separate event(s) rewarding other BTCFi actions (e.g., borrowing USDC with SolvBTC / staking SolvBTC); details & dates TBA; distributes $vSOLV via targeted month-long rounds.

Overview

Solv enters its next stage of growth with the launch of $vSOLV, a time-locked version of $SOLV designed to reward long-term participation in the Solv ecosystem.

From September 17, 2025, to March 17, 2026, users can earn $vSOLV by engaging in Solv’s Bitcoin Finance markets like:

borrowing USDC with SolvBTC
holding Pendle PT/YT assets
trading SolvBTC.BNB

As part of a buyback program, $vSOLV can be redeemed for $SOLV at a 1:1 ratio, with 2.5% of the $SOLV token supply allocated to this initiative.

$vSOLV offers powerful utilities, including staking benefits, fee discounts, airdrop multipliers, governance power, and early access to new Solv products, making it a low-risk, high-reward opportunity for ecosystem participants.

Program Structure and Reward Claims

Duration: The program runs from September 17, 2025, to March 17, 2026 (6 months).
Structure: Multiple events, typically lasting one month each, reward users for specific interactions with Solv assets, such as trading SolvBTC.BNB, staking SolvBTC, or holding Pendle PT/YT tokens.
Claiming Rewards:
- After each event, users can claim their $vSOLV rewards via a dedicated Claim $vSOLV page on the Solv Foundation website.
- Claims are available until June 17, 2026, at 9:00 UTC. Unclaimed tokens will be redirected to the Community Rewards & DAO Treasury.
Swapping $vSOLV to $SOLV:
- At the program’s end March 17, 2026, users can swap $vSOLV for $SOLV at a 1:1 ratio with no penalty.
- Early swaps are allowed but incur a swap ratio (a percentage of tokens burned), which decreases linearly over time. See the table below for details..
Unlock Curve: The swap ratio decreases daily over 180 days, starting from September 17, 2025. An interactive chart on the Solv Foundation website will display the real-time swap ratio (1 – Unlock %) for any given date.

The Future with $vSOLV

Driving Growth with $vSOLV: $vSOLV is the time-locked version of $SOLV, Some possible directions the Solv Foundation is considering to drive growth with $vSOLV, designed to offer committed holders more ways to participate in the ecosystem are as follows:

Boost Points: Accumulate points that factor into future rewards.
Fee Benefits: Access reduced costs when using Solv products.
Early Access: Get priority entry into new product rollouts.
Enhanced Utility: Staking makes your $SOLV more functional inside Solv.
Guaranteed Conversion: Swap $vSOLV for $SOLV at a 1:1 rate by Mar 17, 2026. Early redemptions unlock gradually (e.g., 15% in Month 1, scaling to 100% by Month 6), while the full value remains preserved.

Ecosystem Utility: Holding $vSOLV provides priority consideration for whitelisting upcoming Solv products (such as RWA Vaults integrated with Apollo, Franklin Templeton, Circle, Ant Group) and governance participation through DAO voting power.

Accessible Participation: Earn $vSOLV through campaigns like trading SolvBTC.BNB (the largest BTC market on Pendle) or engaging with Pendle PT/YT. No upfront capital commitment is required, participation in the ecosystem is enough to qualify.

Understanding $vSOLV → $SOLV Burn Dynamics

The buyback program includes a swap ratio to promote long-term holding and ecosystem sustainability. When swapping $vSOLV for $SOLV:

The swap ratio determines the percentage of tokens burned versus those received as $SOLV.
A high swap ratio means more tokens are burned, and fewer $SOLV are received.
A low swap ratio means fewer tokens are burned, and more $SOLV are received.
The swap ratio starts high to encourage holding until the program’s end but decreases linearly over 180 days, making early swaps less costly as time progresses.

The table below illustrates the swap ratio and example outcomes for swapping $vSOLV to $SOLV:

Note: The swap ratio updates daily. Check the interactive chart on the Solv Foundation website for real-time details.

Campaign 1: SolvBTC.BNB Pendle PT/YT Trading Campaign

Since its launch in April 2025, SolvBTC.BNB has become the largest BTC market on Pendle, empowering BTC holders to earn BNB-native yields through staking, Binance Launchpools, Megadrops, and HODLER rewards with a single click.

To celebrate this milestone, we’re excited to introduce the SolvBTC.BNB PT/YT Trading Campaign! This campaign features two events to reward both holders and active traders with $vSOLV tokens.

Event 1: PT/YT Fee Rebate

Rewards:

Earn 2x trading fee rebates in $vSOLV for buying and holding SolvBTC.BNB PT or YT.
Rewards distributed weekly (e.g., Week 1 rewards distributed by end of Week 2).

Rules:

Purchase: Buy SolvBTC.BNB PT or YT on Pendle (BNB Chain) at any time during the campaign period.
- Start Date: 17 September, 2025.
- End Date: To be announced.
Holding Requirement: Hold the purchased PT or YT for at least 7 days without selling or transferring any amount. If any transfer occurs within 7 days, all purchases from that period lose eligibility.
Example:
- Day 1: Buy 10 PT/YT. Day 3: Buy 20 PT/YT.
- If you transfer any amount on Day 5, both Day 1 and Day 3 purchases are disqualified.
- If you transfer on Day 9, only Day 1 purchases remain eligible; Day 3 purchases are disqualified.
Fee Calculation: At the end of the campaign period, eligible users’ total trading fees are calculated using the formula:
- Trading Fee = (Trade Size × Token Price × (Remaining Maturity / 365) × 0.03%)
  - Trading Size: Number of PT or YT purchased.
  - Token Price: Price of the PT.

Remaining Maturity: Remaining duration of the PT or YT (in days).
Reward Calculation:
- $vSOLV rewards = (Eligible trading fees × 2) ÷ Average $SOLV price.
- The average $SOLV price is calculated based on the 7-day average price prior to the settlement date.
- Pro-Rata Distribution: If total rewards exceed the $20,000 weekly rewards, each user’s reward is calculated as:
(User’s trading fees / Total trading fees of all eligible users) × $20,000.
Maximum Rewards: The total reward pool for this event is capped at $20,000 per week.

Purchase Links:

SolvBTC.BNB PT: Pendle PT Market
SolvBTC.BNB YT: Pendle YT Market

Event 2: Trading Volume Competition

Rewards:

A $10,000 prize pool in $vSOLV each week, distributed to the top 5 traders:
- 1st–5th: $2,000 each in $vSOLV.

Rules:

Trading: Buy or sell SolvBTC.BNB PT or YT on Pendle (BNB Chain) during the campaign period.
Start Date:17 September, 2025.
End Date: To be announced.
Eligibility: Users must generate at least $1,000 in trading fees during the campaign period to qualify for the prize pool.
Ranking: The top 5 users with the highest cumulative trading fees are awarded $2,000 in $vSOLV each.
Reward Calculation:
- $vSOLV rewards = Reward amount ($2,000) ÷ Average $SOLV price.
- The average $SOLV price is calculated based on the average price over a set number of days prior to the settlement date (exact days to be confirmed).
Dual Eligibility: Trades can count toward both Event 1 (Fee Rebate) and Event 2 (Trading Volume Competition) if they meet the respective criteria.

Purchase Links:

SolvBTC.BNB PT: Pendle PT Market
SolvBTC.BNB YT: Pendle YT Market

Disclaimer

This Financial Promotion has been approved by Solv Protocol Limited on July 22, 2024.
Any translation of our website into any language other than English is for convenience purposes only. In the event of any conflict or inconsistency between the English version and a translated version, the English version shall prevail.
Solv Protocol Limited is a company registered and incorporated in Gibraltar with company No. 111928. Solv Protocol Limited is regulated by the Gibraltar Financial Services Commission under the Financial Services Act 2019 as a ‘credit institution’ under Permission No. 23171. Solv Protocol Limited is a company registered and incorporated in Gibraltar with company No. 118088 and regulated by the Gibraltar Financial Services Commission under the Financial Services Act 2019 as a ‘DLT institution’ under Permission No. 26061.

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