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Bitcoin Just Got A DeFi Facelift Thanks To Sony

The Block Whisperer

March 7, 2025 at 3:16 PMby The Block Whisperer

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Sony's Soneium partners with Solv Protocol to bring DeFi utility to Bitcoin via SolvBTC wrapper, enabling staking and yield generation on L2.

Bitcoin Just Got A DeFi Facelift Thanks To Sony
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Solv Protocol and Soneium just dropped the DeFi collaboration, but nobody saw it coming, and we’re loving it. 

Bitcoin maxis might need to sit down for this one – their precious BTC is about to get fully DeFi-pilled thanks to Sony's blockchain.

Yup, the company responsible for the classic PlayStation console is now apparently striving to become the kingmaker in Bitcoin staking.

The BTC DeFi Problem

Bitcoin has been the awkward wallflower at the DeFi party for years.

While Ethereum degens were farming yields and liquidating each other, Bitcoin holders were basically just... HODLing.

Solv Protocol is changing that game by letting you stake SolvBTC – their fancy 1:1 BTC wrapper – directly on Soneium's Layer 2.

Bitcoin finally got invited to the cool kids' table, and Sony is helping get them up to speed on all the fun and fancy DeFi tools they’ve been missing out on.

SolvBTC isn't just another wrapped Bitcoin – it's like the Swiss Army knife of BTC wrappers.

They're consolidating WBTC, cbBTC, tBTC, and FBTC into a single token that does more than sit in your wallet looking pretty.

The real magic happens with their Liquid Staking Tokens that let your Bitcoin do multiple jobs simultaneously – your BTC can now be earning yield while also being used as collateral elsewhere.

True financial multitasking for your sats.

Sony's Secret Weapon

Soneium launched barely seven months ago and is already flexing with $63 million TVL across 19 dApps.

They've processed 47 million transactions and onboarded 4 million addresses, and projects like Kyo Finance and Velodrome are already building on it, which suggests Sony might actually know what they're doing in crypto.

The entertainment giant is clearly tired of watching from the sidelines while tech companies eat their lunch in the digital asset space.

This latest move basically admits that Bitcoin alone isn't enough anymore—it needs DeFi utility to stay competitive in a rapidly evolving financial landscape. 

BTC maxis are probably having existential crises right now as their "store of value" narrative gets a yield-generating upgrade, but it also means that institutional players who've been Bitcoin-curious but DeFi-hesitant might finally have their excuse to dive in.

The Bigger DeFi Chess Match

This is as much about Bitcoin getting a financial upgrade as it is about who controls the bridges between crypto's biggest assets.

Solv is positioning itself as the gatekeeper for Bitcoin's DeFi future while Sony clearly sees blockchain as more than just a buzzword – the giant is putting serious resources behind Soneium's infrastructure.

We're watching the early moves in a much bigger game for control of Bitcoin's utility beyond its core monetary function.

A Station To Play On

The more wrapped versions of Bitcoin that exist, the more counterparty risk you're taking on.

For all the innovation, you're still trusting Solv's smart contracts to handle your precious sats correctly at the end of the day, which is naturally the ultimate “got ya!” for the Bitcoin maxis.

The great Satoshi is either fascinated by how far his creation has evolved or horrified that Sony now has a say in Bitcoin's future… unless he’s a diehard fan of the PS4, then he might make an exception.

#defi
#bitcoin
#soneium

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