Solv Protocol is shutting down burn-mint permissions for SolvBTC assets across major chains, urging users to redeem and withdraw underlying assets before June ends

𝕏/@SolvProtocol •

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$700M+ of SolvBTC already moved off LayerZero toward CCIP, so killing Free Protocol burn-mint paths looks less like housekeeping and more like Solv collapsing its BTCFi surface area after bridge risk stopped being theoretical. Long-tail chains and smaller strategy venues lose wrapped BTC float first; users who miss the June exit window may end up holding liquidity-isolated SolvBTC variants that only clear through redemption queues instead of normal DeFi routing.

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Solv Protocol is shutting down burn-mint permissions for SolvBTC assets across major chains, urging users to redeem and withdraw underlying assets before June ends

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Solv Protocol is shutting down burn-mint permissions for SolvBTC assets across major chains, urging users to redeem and withdraw underlying assets before June ends

More coverage

Explore the topic

More on Burn

Recall Foundation to wind down, burn 358.6M RECALL tokens, with no redemption for holders

NEM token’s LP burn mechanism exploited to drain BNB Chain liquidity pool

Aethir plans daily ATH burns funded by network fees starting in November

Grvt token issuer buys and burns 1.1 million GRVT ahead of planned 2.0 launch

Aster uses 99% of platform fees to buy back 2.72M ASTER, burns matching team tokens

Payy’s post-mortem details $1.83M USDC exploit involving an invalid burn proof accepted by its Noir/Barretenberg verifier

Recall Foundation to wind down, burn 358.6M RECALL tokens, with no redemption for holders

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Aster uses 99% of platform fees to buy back 2.72M ASTER, burns matching team tokens

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Comments

More on Burn

Recall Foundation to wind down, burn 358.6M RECALL tokens, with no redemption for holders

NEM token’s LP burn mechanism exploited to drain BNB Chain liquidity pool

Aethir plans daily ATH burns funded by network fees starting in November

Grvt token issuer buys and burns 1.1 million GRVT ahead of planned 2.0 launch

Aster uses 99% of platform fees to buy back 2.72M ASTER, burns matching team tokens

Payy’s post-mortem details $1.83M USDC exploit involving an invalid burn proof accepted by its Noir/Barretenberg verifier

Recall Foundation to wind down, burn 358.6M RECALL tokens, with no redemption for holders

NEM token’s LP burn mechanism exploited to drain BNB Chain liquidity pool

Aethir plans daily ATH burns funded by network fees starting in November

Grvt token issuer buys and burns 1.1 million GRVT ahead of planned 2.0 launch

Aster uses 99% of platform fees to buy back 2.72M ASTER, burns matching team tokens

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How to Earn