Satoshi Protocol (OSHI)

The Satoshi Protocol is a cutting-edge CDP (Collateralized Debt Position) protocol built on the BEVM (Bitcoin-Ethereum Virtual Machine). It enables users to deposit BTC and mint the stablecoin SAT. SAT is backed by BTC through over-collateralization.

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Interest lvl

NA

Updated: Jul 10, 2024

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Ticker

OSHI

Type

Utility-token

Ecosystems

Bitcoin

What is Satoshi Protocol

The Satoshi Protocol represents a pivotal development in the evolution of Bitcoin DeFi. This innovative platform empowers Bitcoin holders to unlock liquidity from their assets without the burden of unpredictable interest payments, marking a significant advancement towards making Bitcoin truly spendable and enhancing its utility beyond merely being a store of value. Furthermore, the Satoshi Protocol is a multichain protocol, with its stablecoin SAT featuring a highly compatible multi-token standard mechanism. This enables SAT to circulate freely across various blockchain standards, including the Bitcoin mainnet, thereby expanding its usability and interoperability across different blockchain ecosystems.

The protocol is anchored by two core components: SAT, a stablecoin pegged to the US dollar, and OSHI, a utility token that incentivizes and rewards participants within the ecosystem. Through the Satoshi Protocol, users can mint SAT by collateralizing their Bitcoin and other assets, ensuring a robust minimum collateral ratio of 110%. This process not only facilitates liquidity generation but also allows SAT holders to redeem their collateral through a meticulously designed redemption mechanism, thereby preserving the stable value of SAT.