According to official news from ChainCatcher, the Bitcoin full-chain stablecoin protocol Satoshi Protocol has officially deployed the Bitlayer mainnet. Users can now deposit BTC and stBTC on Bitlayer and mint stablecoin SAT, providing users with better fund utilization efficiency.
In the coming weeks, ecological projects such as DEX, ReStaking and Lending will be integrated to expand the use scenarios of SAT and promote the comprehensive development of the Bitcoin Layer2 ecosystem.
It is reported that Satoshi Protocol is a universal stablecoin protocol built specifically for BTC. It adopts the instant liquidation mechanism of the Stability Pool, and the maximum loan amount of each position is 90%. This move will unlock the deposited funds in the Bitlayer ecosystem and release development potential.
