The past two weeks were action-packed for the Satoshi Protocol team! From celebrating key milestones like integration with Binance Web3 Wallet, to empowering our vibrant community through our content creation program, we’ve taken significant strides toward revolutionizing the DeFi landscape.
Let’s delve into the remarkable achievements that have shaped our recent journey, showcasing our commitment to fostering a more accessible, efficient, and secure Bitcoin ecosystem.
What is Satoshi Protocol
Satoshi Protocol is the first CDP built on the Bitcoin ecosystem and aims to unleash trillions worth of BTC liquidity with the SAT dollar stablecoin, expanding Bitcoin’s use cases.
Users can deposit BTC as collateral to borrow the SAT stablecoin pegged to $1, unlocking trillion-dollar liquidity in Bitcoin. The operation of SAT involves over-collateralization, liquidation, and arbitrage mechanisms.
To borrow 100 SAT, users need to deposit BTC worth at least 110% above the loan amount as collateral. If BTC’s price changes, it will trigger liquidation to keep SAT stable.
Satoshi Protocol also has a native token, OSHI, focused on ecosystem utility and revenue sharing for OSHI Token holders.
Learn how Satoshi Protocol maintains SAT’s dollar peg and enhances the Bitcoin ecosystem in our article Satoshi Protocol : The First CDP on BEVM , Unleash BTCFi for everyone
Milestones
Here’s what we’ve accomplished:
- April 4th: Satoshi × BEVM Binance Wallet Airdrop Campaign
- April 4th: SAT-BTC Available on Bevmswap
- April 8th: Twitter Space — The Future of Layer 2 Solutions
- April 8th: Bitcoin Conference in HK
- April 10th: Featured on Cointelegraph
- April 12th: Content Creation Campaign
- April 13th: Partnership with DIA Oracle
- April 14th: Partnership with Bido Finance
- April 15th: Satoshi × Binance Campaign OAT
April 4th: Satoshi × BEVM Binance Wallet Airdrop Campaign
Satoshi Protocol has joined forces with Binance Web3 Wallet to hold a rewarding airdrop campaign. By completing a simple BTC cross-chain to BEVM and creating a position on Satoshi Protocol, users will be eligible for a share of a massive 10,500,000 BEVM and 500,000 OHSI.
The campaign is Binance Wallet’s first integration with a Bitcoin Layer 2 solution. It has attracted over 30,000 participants in just 3 days since its launch.
April 4th: SAT-BTC Available on Bevmswap
Satoshi Protocol announced the launch of SAT-BTC trading on Bevmswap, the leading DEX on the BEVM network. This integration allows users to not only acquire SAT but also trade it for other assets and contribute liquidity to the SAT-BTC pair.
April 8th: Twitter Space — The Future of Layer 2 Solutions
We attended a Twitter Space titled “Scaling Bitcoin: The Future of Layer 2 Solutions.” The conversation delved into the current state of the BTC ecosystem and explored the exciting opportunities presented by Bitcoin Layer 2 technologies.
Esteemed guests from leading investment firms like Sensei Capital and RockTree Capital joined the conversation alongside experts like The Rollup. Even industry heavyweights like BTCTool.Pro chimed in, offering valuable insights.
April 8th: Bitcoin Conference in HK
We collaborated with BTC Security Lab and attended the Bitcoin Layer 2 Conference in Hong Kong. The conference provided a fantastic platform to connect with the community, showcase Satoshi Protocol’s innovative solutions, and discuss the future of Bitcoin scalability.
We also offered attendees some limited-edition Satoshi merchandise, including T-shirts and hats. 🥳
April 10th: Featured on Cointelegraph
We are honored to be featured on the leading crypto media Cointelegraph. This feature showcases Satoshi Protocol and the exciting airdrop campaign we’re running in collaboration with Binance Web3 Wallet.
This is a fantastic opportunity to reach a wider audience within the crypto community and ignite a BTCFi revolution.
April 12th: Content Creation Campaign
To celebrate our key milestones, Satoshi Protocol launched a content creation program with a $3,000 Bitcoin prize pool (ending on April 27th). Creators were invited to submit engaging and informative content, either YouTube videos or detailed threads, showcasing the power of Satoshi Protocol.
The program offered a threefold path to victory: “Best Choice” × 4 by the Satoshi team, “Most Liked Videos / Tweets” × 3 based on social media engagement, and “Community Votes” × 2 decided by the Discord server.
We encourage all members of our community to participate in this program. Your contributions will not only help us reach a wider audience but also play a crucial role in shaping the future of Satoshi Protocol.
April 13th: Partnership with DIA Oracle
We announced a powerful partnership with DIA (@DIAdata_org). By integrating DIA’s best-in-class oracle solutions into the BEVM network, we’re bolstering the reliability of our $SAT stablecoin with dependable data feeds.
This collaboration signifies a shared commitment to fostering a more transparent and trustworthy DeFi experience for everyone.
April 14th: Partnership with Bido
Satoshi Protocol announced a strategic partnership with Bido (@BidoFinance), the leading liquidity staking protocol for Bitcoin on the BEVM network.
Bido allows users to stake their BTC and receive stBTC in return, a yield-bearing asset that generates ~50% APR from on-chain transaction fees. This integration empowers users to not only earn passive income but also leverage wstBTC for a variety of purposes with Satoshi Protocol.
April 15th: Satoshi × Binance Campaign OAT
We launched a new OAT (On-chain Activity Token) campaign to celebrate a significant milestone — the integration of Satoshi Protocol with Binance Wallet and the airdrop campaign. This initiative sparked a wave of engagement, with users actively participating on social media platforms.
The campaign is still ongoing, so head over to our social media channels to learn more and claim your exclusive OAT!
Conclusion
The last two weeks highlighted a period of tremendous progress for Satoshi Protocol. From expanding our reach through the Binance Wallet integration and airdrop campaign to forging strategic partnerships with industry leaders like DIA and Bido, we’ve laid the groundwork for significant growth.
The enthusiastic response to our content creation program further underscores the dedication and creativity of our community. We’re grateful for your continued support and look forward to collaborating with you on the exciting journey ahead.
As we move forward, we remain committed to building innovative solutions that unlock the full potential of Bitcoin within the DeFi landscape. Stay tuned for further updates on our development roadmap and upcoming milestones.
About Satoshi Protocol
Satoshi Protocol is the first CDP protocol built on BEVM, users could deposit BTC as collateral to borrow stablecoin SAT. This serves as the cornerstone for BTCFi to unleash trillions worth of Bitcoin.
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