We are excited to announce our strategic partnership with Pell Network, a pioneering omnichain decentralized validated Services (DVS) network driven by BTC restaking.
This collaboration will enable Satoshi Protocol users to stake $satUSD on Pell Network and earn yield while contributing to decentralized security.
What is Pell Network?
Pell Network: Omnichain Decentralized Validated Services (DVS) Network Driven by BTC Restaking.
Leveraging the restaking mechanism of BTC LST, Pell Network has built an omnichain DVS network to extend BTCFi into the cryptoeconomic security sector and to drive mainstream adoption of restaking with more compatible and simplified solutions.
Pell employs a layered modular architecture to offer omnichain shared security to developers on any type of blockchain ecosystems (EVM, SVM, MoveVM, Cosmos SDK, TVM, etc.).
This design significantly reduces the integration and maintenance costs for developers in multi-chain environments while lowering the participation barriers and security concerns for stakers.
Pell Network recently secured $3M in pre-seed funding, co-led by Halo Capital, Mirana Ventures, and Paper Ventures, underscoring its innovative approach to decentralized security.
Integration Overview
Stake $satUSD
Users can stake $satUSD on Pell Network, contributing to the security of AVS services.
Revenue Sharing
Staked $satUSD will be utilized in AVS services, with revenue generated by others using these services being shared with $satUSD stakers.
Omnichain Security
Pell’s integration reuses BTC LSDs to meet cryptoeconomic security needs across multiple chains.
We are thrilled to partner with Satoshi Protocol. By allowing $satUSD holders to stake satUSD on Pell, we aim to provide a secure and stable yield for all participants in the AVS ecosystem.
- Pell Network Team
Conclusion
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.
About Pell Network
Pell Network builds an omnichain DVS(Decentralized Validation Service) network driven by cryptoeconomics, leveraging the restaking mechanism of LST (Liquid Staking Tokens) to create a seamless decentralized validation services marketplace.
Pell Network aims to provide innovative technical solutions for the billion-dollar restaking sector, break down barriers between siloed blockchains, and foster the long-term sustainability of the entire ecosystem
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About Satoshi Protocol
Satoshi Protocol is the 1st universal stablecoin protocol backed by Bitcoin, using BTC as collateral to mint the native stablecoin satUSD across Bitcoin Mainnet, Layer 2s, and the EVM ecosystem.
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