Partnership with Nubit

We are excited to announce our partnership with Nubit, a Bitcoin-powered next-gen consumer network with one-stop ecosystem solutions.

This collaboration aims to integrate Nubit's advanced Bitcoin modular indexer into Satoshi Protocol, enhancing the security, transparency, and decentralization of $satUSD operations within the DeFi ecosystem.

What is Nubit?

Nubit is a Bitcoin-powered consumer network bridging web2 and web3 by providing one-stop ecosystem solutions. By specializing in Nubit modular indexer, a Turing-complete, highly decentralized, and fully user-verified execution layer for Bitcoin, Nubit ensures the seamless and secure operation of decentralized applications (dApps) with uncompromised data integrity and transparency.

Leveraging an advanced consensus algorithm, Nubit fully inherits Bitcoin's core strengths—economic security, tamper resistance, and censorship resistance—while significantly expanding its data capabilities.

This enables a broader range of applications, thus pushing the boundaries of what’s possible within the Bitcoin ecosystem.

Integration Overview

Modular Indexer

With Runes and BRC20 asset issuance standards coming to the Bitcoin mainnet, Satoshi Protocol will adopt NubitDA’s Modular Indexer to ensure secure and verifiable asset tracking.

This integration enhances decentralization and transparency by allowing users to verify the accuracy of the indexer, reducing the risk of centralized manipulation.

Oracle Integration

The Oracle plays a pivotal role in maintaining overall protocol stability and controlling the liquidation process within the Satoshi Protocol's CDP stablecoin protocol.

By integrating Nubit into the Satoshi Protocol's Oracle component, the protocol's stability and security will be strengthened by improving the accuracy and accountability of price feeds, which is crucial for maintaining overall protocol integrity and managing liquidations effectively.

Benefits for satUSD Users

Increased Security

Integrating Nubit's Modular Indexer, and integrating Nubit services into Satoshi Protocol's CDP stablecoin protocol significantly boosts the security and reliability of $satUSD operations, ensuring smoother and safer DeFi interactions.

Enhanced Transparency

Users benefit from increased transparency, with the ability to verify asset tracking and price feeds, fostering trust in the protocol’s operations.

We are thrilled to partner with Satoshi Protocol. By integrating our modular indexer and services, we are enhancing the security and transparency of DeFi operations, making the ecosystem safer for all users.

– Nubit Team

Conclusion

This partnership with Nubit represents a significant step forward for Satoshi Protocol. By integrating Nubit's advanced Modular indexer technologies and services, we aim to provide users with a more secure, transparent, and reliable DeFi experience.

About Nubit

Nubit is the next-generation consumer network, bridging Web2 and Web3 with Bitcoin's power, backed by Polychain. We simplify the transition between Web2 and Web3 with our one-stop ecosystem solution, the Matrix, including the Nubit DA, DeKit, Minichain, etc. Together, these components empower the next generation of consumer applications, paving the way for the internet of tomorrow.

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About Satoshi Protocol

Satoshi Protocol is a revolutionary "universal" stablecoin protocol backed by Bitcoin. It allows users to deposit BTC/staked-BTC/USDC as collateral to mint the stablecoin $satUSD on both Bitcoin Mainnet and multiple L2s.