Dear Satoshi Fam, we're thrilled to announce the launch of the Nexus Yield Module (NYM) on the BOB mainnet!
This is a game-changer for managing your stablecoin assets and unlocking a world of earning opportunities within the Satoshi Protocol ecosystem. With NYM, you can seamlessly swap USDT / USDC for our native stablecoin, $SAT!
What is $SAT Stablecoin?
$SAT is an over-collateralized stablecoin backed by BTC and Bitcoin Liquid Staking Tokens (LST) and accepts USDT/USDC for swapping.
By minting and utilizing $SAT, you contribute to the ecosystem's growth while enjoying potential rewards from increased liquidity and future functionalities.
What is NYM?
NYM, short for Nexus Yield Module, is an integral part of the Satoshi Protocol, designed to manage and optimize the use of stablecoin assets within the ecosystem. NYM allows users to swap stablecoins like USDT / USDC for $SAT, the stablecoin of the Satoshi Protocol.
Through NYM, user can seamlessly convert popular stablecoins like USDT and USDC into $SAT, the native stablecoin of the Satoshi Protocol. With $SAT, users can participate in various yield opportunities and contribute to the growth of the protocol.
How to Use NYM?
- Navigate to "Swap" page
- Select USDC / USDT
- Swap for SAT
Video tutorial: https://youtu.be/kxvOXZQm3OI
Here's a quick reminder:
- A 0.5% fee applies to all swap transactions.
- Swapping $SAT back to USDT incurs a 3-day waiting period.
What you can do with $SAT on BOB
- Hold $SAT to earn 1.3x BOB Spice.
- Provide liquidity to the SAT-USDT pool on Sovryn
- Supply SAT on Segment Finance
- Deposit $SAT into the stability pool to get discounted assets
Conclusion
The launch of the Nexus Yield Module (NYM) on BOB is a significant milestone for the Satoshi Protocol. By enabling seamless swaps between stablecoins and $SAT,
NYM empowers users to participate actively in the protocol's growing ecosystem.Don't miss this opportunity to maximize your stablecoin assets. Start swapping USDT or USDC for $SAT and unlock a world of potential rewards. Join the Satoshi community and be part of a thriving ecosystem!
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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