SAT stablecoin launched on Bitlayer, supporting Lorenzo stBTC as collateral, marking its first expansion into the BTC re-staking ecosystem

2024-06-13 20:43:42

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ChainCatcher news, based on the BTC ecosystem, the full-chain stablecoin protocol Satoshi Protocol, officially announces the launch of Bilayer, while simultaneously supporting Lorenzo stBTC as collateral for lending stablecoin SAT. It is reported that both parties have reached a strategic cooperation.

Satoshi Protocol is an over-collateralized stablecoin protocol based on the BTC ecosystem, which has supported Bitlayer and BEVM mainnet, and plans to expand to multiple Bitcoin Layer2 ecosystems within a month, developing into a full-chain stablecoin protocol in the BTC ecosystem.

Lorenzo aims to create the first Bitcoin liquidity financial layer based on the Babylon ecosystem, providing crypto investors with the simplest and smoothest BTC asset re-staking experience, capturing the best staking yields while releasing the liquidity of staked assets.

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Bitlayer SAT BTC Re-staking Ecosystem

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