> For the complete documentation index, see [llms.txt](https://docs.solv.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.solv.finance/solv-token/vsolv-campaign.md).

# vSOLV Campaign

## Unlock Solv’s Future Rewards with $vSOLV

<figure><img src="/files/1V4GJcOgNFbkjHqdfM1q" alt=""><figcaption></figcaption></figure>

Solv enters its next stage of growth with the launch of **$vSOLV**, a time-locked version of $SOLV designed to reward long-term participation in the Solv ecosystem.

From **September 17, 2025, to March 17, 2026**, users can earn $vSOLV by engaging in Solv’s Bitcoin Finance markets like:

* borrowing USDC with SolvBTC
* holding Pendle PT/YT assets
* trading SolvBTC.BNB

As part of a buyback program, $vSOLV can be redeemed for $SOLV at a 1:1 ratio, with 2.5% of the $SOLV token supply allocated to this initiative.

$vSOLV offers powerful utilities, including staking benefits, fee discounts, airdrop multipliers, governance power, and early access to new Solv products, making it a low-risk, high-reward opportunity for ecosystem participants.

## Program Structure and Reward Claims

| Program Name      | vSOLVUnlock Solv’s Future Rewards with $vSOLV                                                       |
| ----------------- | --------------------------------------------------------------------------------------------------- |
| Duration          | 6 months, starting September 17, 2025                                                               |
| Structure         | Multiple events, typically lasting one month each                                                   |
| Reward Claim      | At the end of each event                                                                            |
| Swapping to $SOLV | <p>1:1 at the end of the program.<br>Can choose to swap to $SOLV, which will incur a swap ratio</p> |

* **Duration**: The program runs from September 17, 2025, to March 17, 2026 (6 months).
* **Structure**: Multiple events, typically lasting one month each, reward users for specific interactions with Solv assets, such as trading SolvBTC.BNB, staking SolvBTC, or holding Pendle PT/YT tokens.
* **Claiming Rewards**:
  * After each event, users can claim their $vSOLV rewards via a dedicated **Claim $vSOLV page** on the Solv Foundation website.
  * Claims are available until **June 17, 2026**, at 9:00 UTC. Unclaimed tokens will be redirected to the Community Rewards & DAO Treasury.
* **Swapping $vSOLV to $SOLV**:
  * At the program’s end March 17, 2026, users can swap $vSOLV for $SOLV at a 1:1 ratio with no penalty.
  * Early swaps are allowed but incur a swap ratio (a percentage of tokens burned), which decreases linearly over time. See the table below for details..
  * Unlock Curve: The swap ratio decreases daily over 180 days, starting from September 17, 2025. An interactive chart on the Solv Foundation website will display the real-time swap ratio (1 - Unlock %) for any given date.

## The Future with $vSOLV

Driving Growth with $vSOLV: $vSOLV is the time-locked version of $SOLV, Some possible directions the Solv Foundation is considering to drive growth with $vSOLV, designed to offer committed holders more ways to participate in the ecosystem are as follows:

* Boost Points: Accumulate points that factor into future rewards.
* Fee Benefits: Access reduced costs when using Solv products.
* Early Access: Get priority entry into new product rollouts.
* Enhanced Utility: Staking makes your $SOLV more functional inside Solv.

Guaranteed Conversion: Swap $vSOLV for $SOLV at a 1:1 rate by Mar 17, 2026. Early redemptions unlock gradually (e.g., 15% in Month 1, scaling to 100% by Month 6), while the full value remains preserved.

Ecosystem Utility: Holding $vSOLV provides priority consideration for whitelisting upcoming Solv products (such as RWA Vaults integrated with Apollo, Franklin Templeton, Circle, Ant Group) and governance participation through DAO voting power.&#x20;

Accessible Participation: Earn $vSOLV through campaigns like trading SolvBTC.BNB (the largest BTC market on Pendle) or engaging with Pendle PT/YT. No upfront capital commitment is required, participation in the ecosystem is enough to qualify.

## Understanding $vSOLV → $SOLV Burn Dynamics&#x20;

The buyback program includes a swap ratio to promote long-term holding and ecosystem sustainability. When swapping $vSOLV for $SOLV:

* The swap ratio determines the percentage of tokens burned versus those received as $SOLV.
* A high swap ratio means more tokens are burned, and fewer $SOLV are received.
* A low swap ratio means fewer tokens are burned, and more $SOLV are received.
* The swap ratio starts high to encourage holding until the program’s end but decreases linearly over 180 days, making early swaps less costly as time progresses.

The table below illustrates the swap ratio and example outcomes for swapping $vSOLV to $SOLV:

| Month     | Date Range            | Burn Ratio | Example: $vSOLV Swapped | $SOLV Received | $SOLV Burned |
| --------- | --------------------- | ---------- | ----------------------- | -------------- | ------------ |
| Month 1   | Sep 17 - Oct 16, 2025 | 85%        | 10,000 $vSOLV           | 1,500 $SOLV    | 8,500 $SOLV  |
| Month 2   | Oct 17 - Nov 16, 2025 | 65%        | 10,000 $vSOLV           | 3,500 $SOLV    | 6,500 $SOLV  |
| Month 3   | Nov 17 - Dec 16, 2025 | 50%        | 10,000 $vSOLV           | 5,000 $SOLV    | 5,000 $SOLV  |
| Month 4   | Dec 17 - Jan 16, 2026 | 33%        | 10,000 $vSOLV           | 6,700 $SOLV    | 3,300 $SOLV  |
| Month 4.5 | Jan 17 - Feb 16, 2026 | 25%        | 10,000 $vSOLV           | 7,500 $SOLV    | 2,500 $SOLV  |
| Month 6   | Feb 17 - Mar 17, 2026 | 0%         | 10,000 $vSOLV           | 10,000 $SOLV   | 0 $SOLV      |

Note: The swap ratio updates daily. Check the interactive chart on the Solv Foundation website for real-time details.

<br>


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