Details
Satoshi Protocol is the CDP protocol built on BEVM, facilitating users to deposit BTC and mint stablecoin SAT. SAT is backed by BTC with over-collateralization. If the position's collateral ratio drops below 110%, it will trigger liquidation, using stability pool to repay debt. In short, SAT is over-collateralized with a liquidation mechanism and stability pool for debt repayment.
Fundraising
Significant Events
2024-03-28
Satoshi Protocol was live on mainnet
2024-03-26
Satoshi Protocol completed a Seed round
Similar Projects
BabelFish
Accelerating hyperBitcoinization
Kokoa Finance
Yield-generating Stablecoin on the Klaytn Network
Sable Finance
Decentralized lending-borrowing protocol
MakerDAO
Decentralized lending platform
Abracadabra
Cross-chain stablecoin lending protocol
Hubble Protocol
Solana borrowing and lending marketplace
QiDao
Polygon's first native stablecoin protocol
Yala
Bitcoin Lending Protocol