Stablecoin Carnival : Satoshi, Sovryn and Segment

From August 19 to September 2, 2024, the Stablecoin Carnival, hosted by the BOB official team in collaboration with Satoshi Protocol, will offer users a chance to engage with the SAT stablecoin and earn rewards.

This announcement provides a step-by-step guide on how to participate, from minting SAT stablecoin to providing SAT-BTC liquidity on Sovryn and Supply SAT on Segment Finance.

SAT is a Bitcoin-backed, over-collateralized stablecoin pegged to $1 USD. It allows users to deposit collateral at a 110% collateral ratio to mint SAT or perform 1:1 exchanges with USDC/USDT.

August 20 to September , 2024
Campaign: https://www.intract.io/quest/66c461d81703224b014bb672

Rewards

Mint 20 SAT stablecoin: Earn 7,500 Spice
Add 10 SAT + 10 USDT to SAT-USD liquidity pool on Sovryn DEX: Earn 7,500 Spice
Supply 10 SAT on Segment Finance: Earn 7,500 Spice
Total Rewards: Up to 25,000 Spice

How to Participate

You can mint SAT stablecoin on Satoshi Protocol first, provide SAT-USDT liquidity pool on Sovry and supply SAT on Segment Finance.

Step 1. Mint SAT Stablecoin:

Visit Satoshi Protocol APP : https://app.satoshiprotocol.org/
Deposit BTC or liquid staking tokens as collateral.
Mint 20 SAT above to earn 7,500 Spice.

Deposit wBTC to mint SAT stablecoin

Step 2. Provide Liquidity on Sovryn DEX

Visit Sovryn : https://sovryn.app/earn/market-making
Select the SAT-USDT trading pair.
Add 10 SAT + 10 USDT to the liquidity pool on Sovryn DEX to earn 7,500 Spice.

Step 3. Supply SAT on Segment Finance

Visit Segment Finance : https://www.segment.finance/
Navigate to the SAT lending market.
Supply $10 SAT on Segment Finance to earn 7,500 Spice.

Sovryn DEX

A decentralized exchange on Bitcoin Layer 2, where users can trade, lend, and borrow Bitcoin-based assets. Our partnership allows you to provide liquidity using SAT and earn rewards.

Segment Finance

A DeFi platform for lending and borrowing. By supplying SAT on Segment, you can earn interest and boost liquidity.

Verifying Tasks on Stablecoin Carnival

After each task, verify it on our platform to earn up to 25,000 Spice. Follow the verification steps to ensure your rewards are credited.

Conclusion

Join the Stablecoin Carnival, hosted by BOB team, to engage with SAT stablecoin, use Sovryn and Segment, and verify your tasks to get your Spice rewards.

About Satoshi Protocol

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