SatLayer

About

SatLayer is a Bitcoin-focused protocol that uses Bitcoin-backed economic security to support decentralized applications and Bitcoin Validated Services (BVS). The platform allows users to deposit Bitcoin and supported Bitcoin liquid staking tokens into vaults to provide security to participating services and earn eligible rewards. SatLayer connects Bitcoin restakers, developers, and node operators through shared security infrastructure. Its ecosystem supports applications across DeFi, stablecoins, insurance, liquidity, bridges, and other on-chain services. The protocol also has an ecosystem token called SLAY, which supports staking, governance, incentives, and ecosystem participation. SatLayer Details: Attribute Details Protocol Type Bitcoin Restaking and Shared Security Protocol Core Infrastructure Babylon Main Concept Bitcoin Validated Services (BVS) Security Model Bitcoin-backed economic security Native Token SLAY Token Standard ERC-20 Maximum Supply 2.1 billion SLAY Token Utility Staking, governance, incentives, ecosystem participation Liquid Staking Receipt satSLAY Bitcoin Restaking BTC and supported Bitcoin LSTs Supported Bitcoin Assets BTC, WBTC, LBTC, FBTC, uniBTC, xSolvBTC, pumpBTC, stBTC Supported Networks Ethereum, BNB Chain, Berachain, Bitlayer, Sui Wallet Support MetaMask, OKX Wallet, Trust Wallet, Rabby, Bitget Wallet, Safe TVL $32M BTC Restaked 495 BTC Security Audits Asymptotic, Coinspect, Dedaub, Salus, Zellic Developer Resources Documentation, SDKs, smart contracts, GitHub Rewards Program Sats² Sats² Type Off-chain reward points Main Use Cases Bitcoin restaking, shared security, BVS, DeFi, liquidity, insurance Partners & Ecosystem Babylon, Sui, Berachain, BNB Chain, Bitlayer, TAC, BOB, Avail, Bedrock, Bima, BirdLayer, CAP Competitors Babylon, Lombard, EigenLayer, Symbiotic, Karak Best For Bitcoin holders, restakers, DeFi users, developers, BVS builders Key Features of SatLayer: • SatLayer uses Bitcoin as economic collateral to provide shared security for decentralized applications. • Bitcoin restakers can deposit BTC and supported Bitcoin LSTs into SatLayer vaults. • Bitcoin Validated Services use restaked Bitcoin as economic security for decentralized applications. • Developers can define programmable slashing conditions for supported BVS applications. • The protocol connects Bitcoin restakers, BVS developers, and node operators through a shared ecosystem. • SLAY provides staking, governance, incentives, and ecosystem utility. • SatLayer supports applications across DeFi, stablecoins, insurance, liquidity, and other on-chain financial primitives. SatLayer Products: Product Category Bitcoin Restaking Vaults Bitcoin Restaking SLAY Vault Token Staking SLAY+ Vault BTC Reward Staking satSLAY Liquid Staked SLAY Bitcoin Validated Services Shared Security Sats² Rewards Ecosystem Rewards SatLayer SDK Developer Infrastructure SatLayer Security: SatLayer lists security audits from Asymptotic, Coinspect, Dedaub, Salus, and Zellic. Its documentation also provides smart contract and staking infrastructure information. Users should consider smart contract, slashing, market, and protocol risks before using restaking products.

Funding

• Pre-Seed RoundHack VC80,00,00022 Aug 2024
• Pre-Seed RoundCastle Island Ventures80,00,00022 Aug 2024
• Pre-Seed RoundFranklin Templeton Digital Assets80,00,00022 Aug 2024
• Pre-Seed RoundOKX Ventures80,00,00022 Aug 2024
• Pre-Seed RoundMirana Ventures80,00,00022 Aug 2024
• Pre-Seed RoundAmber Group80,00,00022 Aug 2024
• Pre-Seed RoundBig Brain Holdings80,00,00022 Aug 2024
• Pre-Seed RoundCMS Holdings80,00,00022 Aug 2024

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