Satoshi Protocol, a decentralized collateral debt position (CDP) project, has experienced a significant increase in its total value locked (TVL), surpassing $22.3 million, a tenfold rise from $2 million earlier this month, as per DefiLlama. This surge is largely attributed to the integration of BSquared, which now constitutes 90% of the TVL. The protocol issues a Bitcoin-backed stablecoin, satUSD, using a MakerDAO-like model, available on various Bitcoin-related layer 2 chains. The stablecoin maintains its peg through over-collateralization and an instant liquidation module.