Prosper x Satoshi Protocol
Prosper is thrilled to announce that @Satoshi_BTCFi , the first universal stablecoin protocol backed by Bitcoin, has made a strategic investment in its native project token $PROS.
The investment aims to support Prosper’s vision of tokenizing Bitcoin hashrate and expanding liquidity solutions within the Bitcoin ecosystem.
In addition to the investment, the partnership will explore collaboration in real-world asset (RWA) collateralisation and aims to create seamless access to Bitcoin-based financial products, expanding liquidity farming and yield opportunities for Prosper’s token holders while increasing utility across the ecosystem.
Read more in the full announcement: https://t.co/KFDf57sSN4
Satoshi Protocol is the first Bitcoin Finance Network powered by satUSD, a Bitcoin-backed stablecoin. It enables users to mint satUSD with BTC as collateral across the Bitcoin Mainnet, L1s/L2s. Through these integrations, Satoshi Protocol transforms Bitcoin from a store of value into a versatile, multi-use asset.