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River's weekly TVL has grown to $400 million, with support now live for SolvBTC collateral on the BNB Chain and a new BNB governance vote event launched.
BlockBeats News, July 17th. River has established a stablecoin-based full-chain circulation system, aiming to connect liquidity, yield, and contribution across multiple ecosystems.
The official announcement stated support on the BNB Chain for SolvBTC-backed stablecoin minting, resulting in the TVL growing to $4 billion within a day. Users can collateralize assets such as BTC, ETH, BNB, etc., to obtain liquidity at a 0% interest rate without selling their holdings, and maximize their earnings through repeated operations. Those seeking stable returns can also stake satUSD to receive a 13% annualized return.
The ecosystem product River4FUN has attracted nearly 20,000 participants, with a preview of the upcoming launch this week of a "Creator Voting" where users can stake and vote to support creators on the BNB Chain. The top 30 will share a total of 3 million River Pts.
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