# SOLV Campaign

## Venus SolvBTC Borrowing Incentive Campaign

### 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, 2025 at 00:00 UTC
* End: May 31, 2025 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, 2025).
* 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

Summary Table

| 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 | <ul><li>If Total borrowed value < SolvBTC supplied value → eligible borrow = total borrowed value</li><li>If Total borrowed value ≥ SolvBTC supplied value → eligible borrow = SolvBTC supplied value × 70% (0.7 haircut)</li></ul> |
| 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, 2025)                                                                                                                                                                             |
| Claim window               | TBD                                                                                                                                                                                                                                 |
| Campaign start             | March 1, 2025 00:00 UTC                                                                                                                                                                                                             |
| Campaign end               | May 31, 2025 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


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