Satoshi Protocol: First CDP On Bitcoin Layer2, 500k OSHI Airdrop With Binance Wallet And BEVM

SINGAPORE, Singapore, April 10th, 2024/Chainwire/--On April 4th, , a leading Bitcoin Layer2, and its ecosystem project, , to launch an airdrop campaign worth millions. Binance Web3 Wallet joined forces with

tokens. is the first CDP protocol built on achieves the highest level of decentralization and security among all Layer 2: , expanding the reach of these applications to the Bitcoin ecosystem. Decentralized and secure: Fi. Satoshi Protocol This move unlocks trillion-dollar liquidity within the Bitcoin ecosystem, offering users a way to maintain Bitcoin holdings while gaining liquidity. The Bitcoin ecosystem is experiencing a renaissance. Recent advancements like inscriptions and scaling solutions have revitalized the ecosystem. Satoshi Protocol's team views the upcoming halving and the launch of the Runes protocol as poised to attract a wave of new users.

on Binance wallet. 500k OSHI Airdrop How does Satoshi Protocol work? The utilizes a sophisticated system to maintain a stable peg of $1 for SAT. This system combines several mechanisms: over-collateralization, permissionless liquidation, stability pools, and arbitrage. Satoshi Protocol Additionally, it features OSHI, a utility token granting holders 97.5% of the protocol's revenue. For more details about OSHI and sOSHI, refer to the official documentation: .

from the protocol. Conversely, if SAT exceeds $1.1, users can borrow SAT at the MCR , sell them at a premium on decentralized exchanges , and pocket the profit. Over-collateralization: As mentioned earlier, over-collateralization acts as a safety net. The protocol discourages borrowers from defaulting by requiring a higher collateral value and protects itself from price fluctuations. Stability Pool: This pool serves as a final safety measure.

and create positions on Satoshi Protocol, you'll be eligible to share the . rewards Duration: 2024/04/04-2024/05/04 Rewards: 10,500,000 and bridge to from BSC to STEP 3: Users should go to Satoshi Protocol and create a Position Users should go to Satoshi Protocol and Connect Wallet Input -backed stablecoin SAT and expands the possibility of the Bitcoin Ecosystem. Binance Wallet launched an airdrop campaign with a total of 10.5M , 500K for those who bridge

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