Bi-Weekly Recap: 14B BOB Community Votes, Devcon Side-Event and Pell Partnership

The first half of November has been an exciting journey of growth and collaboration for Satoshi Protocol. From strategic partnerships to impactful events, we’ve continued to build momentum in expanding the BTCFi ecosystem.

There has been strong participation in community voting, the launch of new trading pairs, and active participation in global blockchain gatherings.

As the BTCFi ecosystem grows, here’s a recap of the key milestones from November 01 to 15.

Highlights

Ranked #1 with 14B votes on BOB community voting

We received 14 billion votes, securing first place in the BOB community voting under the BTC Assets category

We announced our partnership with Pell Network

Excited to announce our strategic partnership with Pell Network, a pioneering omnichain decentralized validated Services (DVS) network driven by BTC restaking.

The partnership with Pell Network represents a significant step for Satoshi Protocol, offering users new opportunities for yield generation and decentralized security. By staking satUSD on Pell, users can contribute to blockchain security while earning revenue from AVS operations.

What is Satoshi Protocol

Satoshi Protocol enhances the utility of Bitcoin through the satUSD stablecoin, providing a way for Bitcoin holders to access liquidity by depositing BTC and LST as collateral.

The protocol operates with an over-collateralization model requiring 110% BTC to mint satUSD, ensuring system stability. When the price of BTC fluctuates, liquidation mechanisms automatically adjust, protecting the peg to the US dollar.

Mint satUSD here: Satoshi Protocol | Position

Milestones

These are our milestones for the first half of November:

Nov 05: Launched satUSD-USDT pair on Bitdrome
Nov 08: We announced our partnership with Pell Network
Nov 10: Sponsored three Devcon side events
Nov 13 : Ranked #1 with 14B votes
Nov 14: Keynote at Bitcoin Shark Tank, hosted by BOB Network
Nov 14: Panel at Web3 Nexus, hosted by Comma3 Ventures
Nov 14: Collaborated with BTCON Bangkok, hosted by BTCON
Nov 14: Ranked #1 with 14B votes on BOB community voting
Nov 15: Announced sponsorship in TABEI event
Nov 15: Distributed 125 million BOB Spice tokens

Nov 05: Launched satUSD-USDT pair on Bitdrome

satUSD-USDT is now live on Bitdrome with a 50% fee incentive for LPs!

Nov 13: Ranked #1 in BOB Community Voting

Huge thanks to everyone who supported us! Ranked #1 With 14B votes in community voting. All 125M Spice has been distributed to voters

90% based on your voting power
10% shared equally

Every voter will get at least 710 Spice, with Spice voters earning around 0.92% of their votes.

Ranked #1 with 14B votes from the community pic.twitter.com/iALNe9wh4n
— Satoshi Protocol (@Satoshi_BTCFi) November 13, 2024

Ranked #1 with 14B votes

Nov 14: Keynote at Bitcoin Shark Tank, hosted by BOB Network

Our CEO, Naka, shared insights on building with BOB Network and how satUSD connects the BitcoinFi ecosystem, highlighting achievements such as 150k+ transfers, $17M+ trading volume, 10,000 unique addresses in just three months, and securing the #1 spot with 15B+ votes in community voting.

The event was a fantastic platform to showcase our progress and connect with innovators driving the future of BitcoinFi.

Nov 14: Panel at Web3 Nexus, hosted by Comma3 Ventures

We joined a panel hosted by Comma3 Ventures, where we discussed BTCFi, Bitcoin liquidity, and yield solutions alongside our partners Pell Network and Elys Network

Our CEO,Naka, shared key insights on strategies to enhance BTC liquidity with Satoshi Protocol, including:

Access discounted collateral through the Stability Pool
Borrow at 0% interest
Utilize the Nexus Yield Module to earn yield
Enhance liquidity with LRT & LSD via Pell Network & Solv Protocol
Provide liquidity on DEXs like Oku & Sovryn
Lend satUSD on lending protocols like Segment Finance\

It was a great opportunity to share our vision for enhancing BTC liquidity and explore innovative solutions with our partners.

Nov 14: Collaborated with BTCON Bangkok, hosted by BTCON

We were excited to collaborate with BTCON Bangkok, a side event hosted by BTCON. It was a fantastic opportunity to connect with the blockchain community, share insights, and explore the latest developments in Web3 and digital assets. Looking forward to more collaborations in the future!

Nov 15: Announced sponsorship in TABEI event

We’re proud to be one of the sponsors at the 9th Taiwan Blockchain Summit on Nov 18-19!

We’re excited to connect with the blockchain community in Taipei and explore the latest trends in Web3, DeFi, and digital assets.

Nov 15: Distributed 125 million BOB Spice tokens

We’ve claimed the top spot with 14B votes, and we distributed all 125M Spice to the users. This marks a significant step in rewarding our community for their continued support and participation, further fueling the growth of the BTCFi ecosystem.

There's still a lot coming up in the next few weeks, and we’re excited to sponsor the 9th Taiwan Blockchain Summit.

Stay tuned for more updates!

About Satoshi protocol

The 1st Bitcoin Finance Network powered by $satUSD, a Bitcoin-backed stablecoin. You can deposit BTC as collateral and mint the native stablecoin satUSD across Bitcoin Mainnet, Layer 2s, and the EVM ecosystem.

Get started with Satoshi Protocol, follow us!