From DeFiMaximalist X Post
Solv Protocol, fresh off a $25M raise, offers multiple ways to earn XP points. Hold SolvBTC, provide liquidity, vote on Pendle and PancakeSwap, and refer friends for max gains. With $1.62B TVL and 475k+ users, the SOLV token airdrop could be massive. You ask, I provide. Here's how I'm putting my BTC to work. Let's dive into how I'm farming SOLV XP
Pro Tip Before We Dive In: Spreading SolvBTC for Maximum XP Distributing my SolvBTC across multiple protocols is crucial for maximizing XP gains. This strategy opens up diverse XP sources, as different protocols offer varying rewards. By not putting all my eggs in one basket, I'm also managing risk more effectively. There's a compound effect at play, too; some protocols have synergies or bonus rewards that can amplify my XP earnings. Plus, this approach gives me broader exposure to the DeFi landscape, helping me spot new opportunities quickly. If rewards dip in one protocol, I can easily shift focus without moving all my assets. However, it's worth noting that while this strategy can significantly boost XP, it does require more active management. It's a bit more work, but the potential for increased XP makes it worthwhile in my farming journey. Now that we have an outline of my logic let's dive in
SolvBTC & SolvBTC.BBN @babylonlabs_io: Providing liquidity on @pendle_fi YT-SolvBTC.BBN gives me the highest amount of XP (14 XP) possible plus the current yield (6% ATM)
Reason: Boosted rates. BBN is my go-to for serious XP farming. If you prefer APYs, you can go for the WBTC-SolvBTC LP on @PancakeSwap, which has less XP (8 XP) and 9% APY ATM.
SolvBTC.ENA: Once again, I'm going for the LP with the highest current XP (14 XP) while getting the best current yield (3% ATM) on @PancakeSwap SolvBTC.ENA-SolvBTC LP on Arbitrum. Which in my opinion, is a great way of diversifying my XP sources without overcomplicating things.
