The first half of October has been marked by significant progress, including community engagement, strategic partnerships, and informative initiatives.
There has been strong participation in community voting campaigns and the announcement of new collaborations to enhance the ecosystem.
As BitcoinFi continues to thrive, here's a recap of the key milestones achieved from October 1 to 15.
Highlights
Ranked 1st on BOB Community voting
We got first place on the community voting campaign held on BOB, with over 1.1 billion votes for Satoshi Protocol. Thank you to everyone who took part in the voting process!
Joined Omni Mochi Party
We participated in Omni's Mochi Party campaign on the Omni Omega testnet.
This development represents a significant milestone in our mission to address fragmented liquidity across Layer 2 (L2) networks, providing a seamless cross-chain experience for users of our universal stablecoin.
Learn more about it in this article: https://blog.satoshiprotocol.org/satoshi-protocol-x-omni-network-mochi-party-campaign-is-live/
Voting campaign on Bybit WSOT
Satoshi Protocol participated in the Bybit WSOT campaign, encouraging participants to trade on Bybit DEX Pro and vote for Satoshi Protocol for a chance to win from a prize pool of 1,000,000 MNT from Bybit. The campaign showcased impressive results, accumulating a total of 274,125 voting points with support from 2,708 voters.
Don't miss out! submit your votes here.
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 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 October:
- Oct 01: Voting campaign on Bybit WSOT
- Oct 04: Participated on BEVM Spaces
- Oct 04: We announced our partnership with RedStone
- Oct 05: Published an article on Babylon Staking Phase1 - Cap2
- Oct 07: Joined Omni Mochi Party Campaign on Omni Omega testnet
- Oct 09: Distributed 100% of BOB Spice to all voters
- Oct 09: 7 Million BOB Spice distributed to NFT holders
- Oct 14: Ranked 1st on BOB voting with 1.1 Billion votes
- Oct 15: solvBTC & solvBTC.BBN now accepted as Collateral
- Oct 15: Participated on Omni Network Spaces
Oct 04: Participated on BEVM Spaces
Along with Pell Network, pStake Finance, Protocol Blend, and Orochi Network, we joined BEVM Spaces to discuss "Lightning and Beyond: The Next Frontier for BTCFi with Super Bitcoin." It was an engaging conversation, and you can listen to the full discussion through this link.
Oct 04: We announced our partnership with RedStone
RedStone Oracle provides a decentralized modular system for delivering frequent and reliable data feeds. This partnership integrates RedStone’s pricing feed to enhance the stability and functionality of satUSD
Learn more about it in this article: https://blog.satoshiprotocol.org/partnership-with-redstone/
Oct 05: Published an article on Babylon Staking Phase1 - Cap2
We published an article covering the launch of Babylon Staking Phase-1 Cap-2. After the overwhelming success of Phase-1.
BTC holders can use their Binance Web3 Wallet to stake BTC and maximize their rewards.
You can read the full article here: https://blog.satoshiprotocol.org/babylon-staking-phase1-cap2-everything-you-need-to-know/
Oct 09: Distributed 100% of BOB Spice to all voters
We distributed 100% of BOB Spice to all participants who voted. Thank you to everyone who took part in the voting process!
Oct 09: 7 Million BOB Spice distributed to NFT holders
A total of 7 million BOB Spice was distributed to all our NFT holders.
Oct 15: solvBTC & solvBTC.BBN now accepted as Collateral
Users can now deposit solvBTC and solvBTC.BBN as collateral to mint satUSD on Satoshi Protocol.
Oct 15: Participated on Omni Network Spaces
We joined Omni Network on X Spaces to discuss how Satoshi Protocol can leverage Omni's network to access users and liquidity across multiple ecosystems. It was an engaging conversation, and you can listen to the full discussion at this link.
There's still much more to come in the next few weeks, and we’re excited about the upcoming events.
Stay tuned for more updates!
About Satoshi protocol
Satoshi Protocol is the 1st universal stablecoin protocol backed by Bitcoin. It enables users to deposit BTC, LST, ETH or USDC/USDT as collateral to mint the native stablecoin satUSD on Bitcoin mainnet, L2s and EVM ecosystem.
Get started with Satoshi Protocol, follow us!
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