The second half of November has been an exciting period of growth and collaboration for Satoshi Protocol. From strategic partnerships to impactful events, we've kept building momentum in expanding the BTCFi ecosystem.
There’s been strong community participation, the introduction of new features, and active engagement in global blockchain events.
As the BTCFi ecosystem continues to grow, here’s a recap of the key milestones from November 16 to 30.
Highlights
Sponsored the TABEI Event in Taipei
We were proud to be one of the sponsors at the 9th Taiwan Blockchain Summit on Nov 18-19!
Gained key insights from Adam Back on Bitcoin’s growing role in finance and the use cases of the Liquid Network. It was exciting to connect with the blockchain community in Taipei and explore the latest trends in Web3, DeFi, and digital assets.
satUSD Listed on DefiLlama
Listing satUSD on DefiLlama was a significant milestone for us. Users can now track satUSD on the DefiLlama Stables Dashboard.
Announced Sponsorship for Mr.Block Summit Event
We are honored to announce our sponsorship of the upcoming @mrblocksummit, hosted by @mrblocktw. We look forward to supporting this exciting event and connecting with the blockchain community!
Launched satUSD Staking on Pell Network
satUSD staking is now live on Pell Network, providing users with an opportunity to earn rewards by staking their satUSD.
What is Satoshi Protocol
Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin. Mint satUSD with BTC as collateral across the Bitcoin Mainnet and L1s/L2s.
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 were our milestones for the second half of November:
- Nov 18: Sponsored the TABEI Event in Taipei
- Nov 20: Listed satUSD on Defi Llama
- Nov 20: Satoshi Ranked #1 in BVB Voting Phase 3.
- Nov 23 : Distributed 25 Million BOB Spice Tokens
- Nov 25: Solv Points for Using SolvBTC & SolvBTC.BBN Collaterals
- Nov 26: Launched satUSD Staking on Pell Network
- Nov 26: Enabled satUSD Restaking on BSquared, BOB, and Bitlayer via Pell Network
- Nov 29: Announced Exclusive Pell Network OAT on Galxe
- Nov 30: Sponsored Mr.Block Summit Event
- Nov 30: Received Strong Support in the Omni Mochi Party Campaign
Nov 20: Satoshi Ranked #1 in BVB Voting Phase 3
Satoshi ranked #1 in BVB Voting Phase 3. Thank you to everyone who voted.
Nov 23 : Distributed 25 Million BOB Spice Tokens
We claimed the top 3 positions and distributed all 25M Spice tokens 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.
100% of the rewards went to voters, with 30% of the Spice allocated to those who voted for Segment Finance and Satoshi Protocol.
Nov 25: Solv Points for using SolvBTC & SolvBTC.BBN collaterals
Users can now earn Solv Points by using SolvBTC and SolvBTC.BBN as collateral on Satoshi, allowing them to earn rewards while leveraging their assets.
Nov 26: Enabled satUSD Restaking on BSquared, BOB, and Bitlayer via Pell Network
We’ve made it even easier to maximize your earnings by enabling satUSD restaking on BSquared, BOB, and Bitlayer through Pell Network.
Here’s how you can get started:
- Mint satUSD – Use your BTC/LST as collateral to mint satUSD with 0% interest.
- Visit Pell Network
- ReStake → satUSD – Select satUSD and restake it across BSquared, BOB, and Bitlayer to start earning rewards.
This is a great way to earn more with your satUSD, further fueling your participation in the BTCFi ecosystem.
Nov 29: Announced exclusive Pell Network OAT on Galxe
The first stablecoin restaking is live on Pell! Mint satUSD with BTC or LST, restake it on Pell, and claim an exclusive OAT. Here's how you can participate:
- Follow @Satoshi_BTCFi and @Pell_Network
- Mint satUSD – Use your BTC or LST as collateral to mint satUSD with 0% interest
- Restake satUSD on Pell – Stake your satUSD on Pell Network to start earning rewards and claim your exclusive OAT
Don't miss out on this exciting opportunity to earn rewards while contributing to the BTCFi ecosystem!
Nov 30: Received Strong Support in the Omni Mochi Party Campaign
We’re excited to be participating in Omni’s Mochi Party campaign on the Omni Omega testnet, which is currently ongoing and has already attracted over 15,000 participants. We’re grateful for the strong support from the community!
There's still a lot coming up in the next few weeks, and we’re excited to sponsor the Mr.Block Summit event.
Stay tuned for more updates!
About Satoshi protocol
Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin. Mint satUSD with BTC as collateral across the Bitcoin Mainnet and L1s/L2s.
Get started with Satoshi Protocol, follow us!
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