[5.2–5.15] Satoshi Bi-Week Recap: AMAs, Airdrops, and Accolades

[5.2–5.15] Satoshi Bi-Week Recap: Binance Campaign, Devcon and integrations— A Busy Fortnight in BTCFi

The past two weeks, from May 2 to May 15, have been a period of incredible momentum for Satoshi Protocol. We’ve been laser-focused on expanding the possibilities of Bitcoin within DeFi through strategic partnerships, community engagement, and reaching key milestones.

From AMAs and airdrops to securing recognition at Bitcoin Devcon and forging groundbreaking collaborations, get ready to dive into a jam-packed recap of our latest achievements!

What is Satoshi Protocol

Satoshi Protocol is a universal stablecoin protocol built specifically for Bitcoin. It empowers users to deposit their Bitcoin as collateral to borrow a stablecoin called SAT, on either Bitcoin Layer 1 or Layer 2.

Users can deposit BTC as collateral to borrow the SAT stablecoin pegged to $1, unlocking trillion-dollar liquidity in Bitcoin. The operation of SAT involves over-collateralization, liquidation, and arbitrage mechanisms.

To borrow 100 SAT, users need to deposit BTC worth at least 110% above the loan amount as collateral. If BTC’s price changes, it will trigger liquidation to keep SAT stable.

Satoshi Protocol also has a native token, OSHI, focused on ecosystem utility and revenue sharing for OSHI Token holders.

Learn how Satoshi Protocol maintains SAT’s dollar peg and enhances the Bitcoin ecosystem in our article Satoshi Protocol: The First CDP on BEVM , Unleash BTCFi for everyone

Milestones

Here’s what we’ve accomplished in the past two weeks:

May 3: AMA with CoinEasy
May 4: Binance Wallet Campaign Concluded
May 8: Bitcoin Devcon 2nd Prize
May 10: BEVM Airdrop with Bybit
May 10: Bitcoin Ecosystem AMA with UXLINK
May 12: Partnership with Beast
May 14: Twitter Space with BEVM and Bybit Web3

May 3: AMA with CoinEasy

We hosted a successful AMA with CoinEasy (Twitter@Coiniseasy) on May 3. CoinEasy is a leading Korean crypto platform offering educational resources, community engagement, and insightful tools.

May 4: Binance Wallet Campaign Concluded

The highly successful Binance Wallet campaign wrapped up! Over 172K BEVM and 23.5K Satoshi Protocol users participated, marking a significant step forward for BTCFi.

The airdrop rewards include:

A share of 10.5 million BEVM tokens (distributed by October 1st)
500,000 OSHI tokens for Binance Wallet users (distributed by August 1st)
Exclusive ORDINALS•RUNES airdrop for official bridge users

We want to extend our big thank you to the community for your participation and enthusiasm. Stay tuned for more exciting developments from Satoshi Protocol!

May 8: Bitcoin Devcon 2nd Prize

We were excited to participate in Asia’s premier Bitcoin conference, Bitcoin Devcon! This two-day event provided a valuable platform to showcase our latest work to leading investors and builders within the Bitcoin ecosystem.

We showcased our latest work to top investors and builders, and were honored to secure 2nd place in the BTC Layer 2 ecosystem competition. This recognition fuels our passion for building on Bitcoin!

May 10: BEVM Airdrop with Bybit

We’re excited to announce our participation in the Bybit x BEVM Airdrop, offering a chance to win a share of $600,000 in BEVM tokens! This collaboration brings the power of Bitcoin Layer 2 to Bybit users, expanding access to innovative DeFi experiences. The airdrop campaign starts on May 20th.

May 10: Bitcoin Ecosystem AMA with UXLINK

We participated in a thought-provoking AMA session hosted by UXLINK. This insightful discussion brought together leading builders from across the Bitcoin ecosystem, including B² Network, Lumoz, Master Protocol, and TunaChain.

Together, we explored the future of Bitcoin and brainstormed innovative ways to further develop this dynamic space.

May 12: Partnership with Beast

We’re thrilled to announce a partnership with Beast, the first Bitcoin L2 DEX for derivatives! This collaboration empowers users to leverage trade on Bitcoin L2 using the stablecoin SAT.

Beast’s user-friendly platform and SAT’s stability unlock secure and efficient perpetual trading for Bitcoin holders. This is a major win for DeFi innovation within the Bitcoin ecosystem!

May 14: Twitter Space with BEVM and Bybit Web3

Satoshi Protocol participated in a Twitter Space discussion on “The Future of Runes Protocol: ORDINALS.RUNES Airdrop Campaign.” This collaborative event featured prominent figures from the cryptocurrency ecosystem, including Bybit Web3, Bido Finance, Runes DAO, Argent, and Doggfather Crew.

This Twitter Space served as a valuable resource for anyone interested in Runes. It provided a comprehensive exploration of the protocol and the airdrop campaign of ORDINALS.RUNES, sparking a thought-provoking discussion about Runes’ potential impact on the future of DeFi.

Conclusion

As we close this bi-weekly recap, the momentum at Satoshi Protocol is undeniable. We’re fueled by the success of these initiatives and the unwavering support from our community.

Stay tuned for even more exciting developments in the coming weeks!

About Satoshi Protocol

[5.2–5.15] Satoshi Bi-Week Recap: AMAs, Airdrops, and Accolades — A Busy Fortnight in BTCFi