We are thrilled to announce our participation in the BEVM DeFi Olympics event, running from Aug 6 to Sep 6. This event is a fantastic opportunity for our users to earn extra rewards.
Additionally, there will be a 3x multiplier on points for minting $SAT throughout the event.
• When and How to Participate
- Duration: August 6th to September 6th, 2024.
- How to Participate: Mint $SAT on BEVM during the event period.
What’s the Points System?
Points in the Satoshi Protocol are earned through various actions and can be converted into OSHI airdrops in the future.
The more points you accumulate, the higher your potential rewards. Points are updated during snapshots taken every Saturday at 23:00 (GMT+8), and these weekly points will accumulate to your current total points.
- Depositing BTC: Earn points based on the value of BTC deposited.
- Minting $SAT stablecoin: Earn 5 points per $SAT minted.
- Depositing SAT into Stability Pool: Earn points for depositing SAT into stability pool.
Rewards: Active Points & 3x Multiplier Points
- Active Points: Earn 1000 Active Points for the first minting of $SAT.
- 3x Points Multiplier: Enjoy a 3x multiplier on points for minting $SAT throughout the event.
Please note: The 1000+ active points are awarded only to the address that first mints $SAT. These points will not be accumulated on a weekly basis.
Future OSHI Airdrop
Points will be proportionally converted into OSHI tokens during a future airdrop. Keep accumulating points to maximize your share.
Deposit BTC to Mint SAT
- Go to Satoshi Protocol , connect the wallet and switch to BEVM mainnet.
- Navigate to Position page, select "BTC" and click"Create"
- Deposit BTC and Mint SAT
- Approve Router → Approve
- Click "Create Position"
Step by step tutorial : https://youtu.be/_TjWQbHKfxw?si=kXiNYm7N-q5LWuAw
Conclusion
Don’t miss out on this golden opportunity to earn extra rewards during the BEVM DeFi Olympics event. Mint $SAT, earn points, and maximize your benefits with the Satoshi Protocol.
About Satoshi Protocol
Satoshi Protocol is a universal stablecoin protocol built for Bitcoin. It empowers users to deposit their Bitcoin and LST as collateral to mint stablecoins SAT, on both Bitcoin mainnet and multiple L2s.
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