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Home ยป Selected Interactive Projects of the Week Succinct and Solv Protocol
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Selected Interactive Projects of the Week Succinct and Solv Protocol

By adminMay. 24, 2024No Comments4 Mins Read
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Selected Interactive Projects of the Week Succinct and Solv Protocol
Selected Interactive Projects of the Week Succinct and Solv Protocol
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Original Article | Odaily Planet Daily
Author | Asher

This month, the “hair-raising party” is starting to bear fruit. First, there was the Taiko airdrop, followed by io.net releasing token economics, and the community speculating that zkSync will be launching its token this month (
click here to view: potential hot airdrop compilation for this month
). Persistence in interaction will always yield results. Today, Odaily Planet Daily has compiled two projects worth participating in based on financing and project popularity this week.

Succinct: Core ZK Infrastructure
Reasons for Participation
Succinct uses zero-knowledge proof technology to ensure the authenticity of blockchain applications and trustless verification, thereby enhancing system security and reliability. Its key features include authenticity protection, trustlessness, scalability, and an open ecosystem, providing the foundation for the development of the next generation of blockchain architecture and promoting innovation and collaboration through standardized interfaces and cost advantages.
Currently, Succinct has completed two rounds of financing (seed round + Series A) totaling $55 million, with Paradigm leading the round and Robot Ventures, Bankless Ventures, Geometry, ZK Validator, and several angel investors participating.

Interactive Tutorial
Currently, most interactions are done on the official Discord (
click here to go to the official Discord invitation link
), with specific interaction steps as follows:
STEP 1. Obtain channel identity: Enter the official Discord and go to the commands channel, type “/claimrole”, and enter the code “gmoon math” to obtain the “gmoon math” identity.
STEP 2. Complete the check-in task: Enter the gmoon-math channel and send “gmoon math” (currently limited to sending once per hour).
STEP 3. Check the points earned: Enter the commands channel, type “/stats,” and then enter your Discord ID.

Summary
Succinct is a prestigious airdrop and currently allows zero-cost participation in interactions, making it worth participating daily to earn more “gmoon math” points.

Solv Protocol: Bitcoin Ecosystem Basic Income Protocol
Reasons for Participation
Solv Protocol is a proprietary full-chain basic income protocol for the Bitcoin ecosystem, comparable to Ethereum’s re-staking protocol Lido. By converting idle basic assets into interest-bearing assets and promoting cross-protocol and cross-ecosystem combinations, it creates a more efficient liquidity allocation method. SovBTC, issued by Solv Protocol, is essentially an ERC-20 token with considerable liquidity that can provide users with secure basic income by staking idle assets in their wallets. According to official information, the total locked amount is nearly $1.3 billion, with over 202,000 users participating in interactions.

Currently, Solv Protocol has completed three rounds of financing totaling $11 million, as follows:
May 10, 2021: Announced the completion of a $1 million seed round, led by The Spartan Group, Axia8 Ventures, IOSG Ventures, Hashed, Krypital Group, GBV Capital, and MapleLeafCap.
December 1, 2021: Announced the completion of a $4 million seed round, led by Blockchain Capital, Sfermion, and Gumi Cryptos Capital, with participation from DeFi Alliance, Axia 8 Ventures, TheLao, CMSholdings, Apollo Capital, Shima Capital, SNZ Holding, Spartan Group, and others.
August 1, 2023: Announced the completion of a $6 million seed round, with investments from institutions under Japanese banking giant Nomura Securities, including Laser Digital, UOB Venture Management, Mirana Ventures, Emirates Consortium, Weixing China, Bing ventures, Apollo Capital, HashCIB, Geek Cartel, and Bytetrade labs.

Interactive Tutorial
This time, Solv Protocol has teamed up with Binance Web 3 Wallet to launch a large airdrop event to accelerate the development of the BTCFi ecosystem. Participants have the opportunity to share 150,000 SOLV tokens, accounting for 0.15% of the total supply of governance tokens. The event runs from June 4th, 14:00 Beijing time to June 18th, 07:59. In short, SOLV has the potential to be listed on Binance, and low-cost investment in staking is worth the “hair-raising party” to participate.

First, deposit a small amount of BNB and BTCB into the Web 3 Wallet. For how to find the Binance Web 3 Wallet and exchange BTCB, you can refer to this tutorial by BounceBit (
click here to go
). The specific steps are as follows:
STEP 1. Enter the Binance Web 3 Wallet and click on the Solv Protocol task, then click “Stake Now.”
STEP 2. Connect your wallet and stake at least 0.0001 BTCB.
STEP 3. Return to the initial activity interface to verify the task status.

Summary
For Solv Protocol, even if you are not willing to directly participate in the staking of Bitcoin ecosystem assets for token airdrops, it is worth participating in this Binance Web 3 Wallet task. Simply stake over 0.0001 BTCB, and perhaps the returns will be similar to BounceBit.

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