Venus SolvBTC Borrowing Incentive Campaign

Grants
1

Overview

Solv Foundation is launching a borrowing incentive program to reward users who supply SolvBTC on Venus Protocol (BNB Chain) and borrow supported assets (BTCB, BNB, ETH, USDT, USDC).

The program provides a 1% APR yield incentive (paid in $SOLV) on eligible borrowed amounts, with daily and monthly reward caps to ensure fair and sustainable distribution.

This campaign aims to increase SolvBTC usage and liquidity depth on Venus.

Campaign Period

  • Start: March 1, 2026 at 00:00 UTC
  • End: May 31, 2026 at 23:59 UTC

Eligibility Conditions

To qualify for daily incentives, a user’s Venus position must satisfy all of the following at the time of the daily snapshot:

  1. Supply at least 0.1 SolvBTC (positions below this threshold receive no incentive that day)
  2. Borrow one or more of the following assets: BTCB, BNB, ETH, USDT, USDC, U

No E-mode requirement — the position can be in normal mode or E-mode.

Incentive Mechanics

Users earn a 1% annualized yield incentive on their eligible borrow amount, paid out in $SOLV.

Daily incentive calculation logic (snapshot-based):

  1. Snapshot captures:
  2. SolvBTC supplied amount and USD value
  3. Borrowed amounts and USD values of BTCB / BNB / ETH / USDT / USDC
  4. Determine eligible borrow value:
  5. If Total borrowed value < SolvBTC supplied value → eligible borrow = total borrowed value
  6. If Total borrowed value ≥ SolvBTC supplied value → eligible borrow = SolvBTC supplied value × 70% (0.7 haircut)
  7. Daily incentive (in USD) = eligible borrow × (1% / 365)
  8. Daily $SOLV accrual is calculated but held until final distribution.

Caps & Pro-Rata Distribution

  • Total campaign cap: $240,000 USD worth of $SOLV (hard cap across the entire program)

Pro-rata rule:

  • If the total accrued incentives across all users exceed $240,000 by the end of the campaign, final distributed rewards are scaled pro-rata based on each user’s share of the total accrued incentive value: (User’s total accrued incentive USD / Total accrued incentive USD of all users) × $240,000
  • → then converted to $SOLV using the campaign-end price

Distribution & Price Calculation

  • Incentives are calculated and accrued daily via snapshot throughout the campaign.
  • All accrued $SOLV rewards are distributed at the end of the campaign (shortly after May 31, 2026).
  • Conversion to $SOLV tokens occurs using the 7-day average $SOLV price prior to the distribution date (the actual date when rewards are made claimable / sent).
  • Claim window: TBD (unclaimed tokens return to Community Rewards & DAO Treasury)

How to Participate

  1. Visit Venus Protocol on BNB Chain
  2. Supply SolvBTC (minimum 0.1 to qualify for incentives)
  3. Borrow BTCB, BNB, ETH, USDT, and/or USDC
  4. Keep the position active — incentives are calculated daily as long as ≥0.1 SolvBTC remains supplied

Important notes:

  • If SolvBTC supply drops below 0.1 on any day → no incentive accrual that day
  • Withdrawing SolvBTC or repaying borrows reduces or stops accrual accordingly
Overview Value
Minimum SolvBTC supply 0.1 SolvBTC
Supported borrow assets BTCB, BNB, ETH, USDT, USDC, U
Incentive rate 1% APR on eligible borrow
Eligible borrow cap factor - If Total borrowed value < SolvBTC supplied value → eligible borrow = total borrowed value - If Total borrowed value ≥ SolvBTC supplied value → eligible borrow = SolvBTC supplied value × 70% (0.7 haircut)
Total campaign cap $240,000 USD worth of $SOLV
Pro-rata trigger When total accrued incentives > $240,000
Reward token $SOLV
Accrual Daily (snapshot-based)
Price used for conversion 7-day average $SOLV price prior to distribution date
Distribution At the end of the campaign (shortly after May 31, 2026)
Claim window TBD
Campaign start March 1, 2026 00:00 UTC
Campaign end May 31, 2026 23:59 UTC

Why Participate?

  • Earn an extra 1% APR in $SOLV on your borrows
  • Simple and flexible: just supply SolvBTC and borrow supported assets
  • Help grow SolvBTC liquidity on Venus while collecting ecosystem rewards