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About UsEcosystemResources Launch the AppDocumentation Launch APP UNIVERSAL STABLECOIN BACKED BY BITCOIN Unleash Bitcoin's Potential Maximize Capital Efficiency for Your BTC Launch APPDocumentation Features YOUR SECURE GATEWAY TO DEFI WITH BITCOIN We ensure stability, profitability, and security of your investments with these key features OVER-COLLATERALIZATION Ensures protocol security and stability, with every issued SAT backed by more than its value in collateral. LIQUIDATION MECHANISM Instant and permissionless liquidations ensure protocol security while maximizing capital efficiency. PEG MECHANISM Market arbitrage and redemption mechanisms ensure SAT always maintains its value equivalent to one dollar. UNIVERSAL STABLECOIN SAT is a universal stablecoin designed to support multi-chain and multi-collateral. It seamlessly integrates with the Bitcoin mainnet, Layer2 solutions, and the Ethereum ecosystem, providing unparalleled flexibility and accessibility for users. Mint SAT HOW TO MINT SAT 1. DEPOSIT BTC AS COLLATERAL Deposit your Bitcoin as collateral to mint stablecoin SAT 2. MINT SAT Mint stablecoin SAT and maintain a collateral ratio above 110%. Watch Video Guide Investors OUR INVESTORS Questions FAQ WHAT IS SATOSHI PROTOCOL The protocol features SAT, a stablecoin pegged to the US dollar, and OSHI, a utility token rewarding ecosystem participants. Users generate liquidity by minting SAT with collateral, maintaining a minimum 110% ratio, and can redeem SAT through a structured mechanism to preserve its stable value. The Satoshi Protocol is a significant advancement in Bitcoin DeFi, enabling holders to access liquidity without unpredictable interest payments. It enhances Bitcoin's utility by promoting spendability and operates as a multichain protocol, allowing its stablecoin SAT to circulate across different blockchain ecosystems, including the Bitcoin mainnet, thus enhancing interoperability. The protocol's core components are SAT, a stablecoin pegged to the US dollar, and OSHI, a utility token rewarding ecosystem participants. Users mint SAT by collateralizing Bitcoin and other assets, maintaining a minimum 110% collateral ratio. This process facilitates liquidity generation and enables SAT holders to redeem collateral through a structured mechanism, ensuring SAT's stable value. WHAT IS SAT STABLECOIN AND HOW TO USE IT ? SAT is designed to unlock Bitcoin’s liquidity, fulfilling its dual roles as both digital gold and a functional payment mechanism. By doing so, the protocol not only reinforces Bitcoin’s position in the digital economy but also expands its usability and accessibility. * Borrow SAT against collateral by opening a ‘Position’. * Earn discounted collateral by providing SAT to the Stability Pool. * Staking OSHI to share the revenue generated by the protocol. * Redeem 1 SAT for 1 USD worth of collateral at any time. * CrossChain SAT across all supported chains and explore every protocol. For more detailed information, please refer to MultiChain. Learn more WHAT ARE THE BENEFITS OF BORROWING SAT? SAT is designed to unlock Bitcoin’s liquidity, fulfilling its dual roles as both digital gold and a functional payment mechanism. * Bitcoin Integration: SAT leverages Bitcoin as one of its collateral options, tapping into Bitcoin's vast market capitalization and reinforcing Bitcoin's role within the DeFi ecosystem. * Decentralization: SAT provides a decentralized stablecoin alternative, reducing the dependency on centralized financial entities and mitigating associated risks. * Broad Potential: Compared to alternatives like DAI and LUSD, SAT has a wider potential for adoption and utility, thanks to Bitcoin's larger market cap and established presence across Bitcoin L2 solutions and ERC-20 compatible platforms. By doing so, the protocol not only reinforces Bitcoin’s position in the digital economy but also expands its usability and accessibility. WHAT IS STABILITY POOL ? The Stability Pool (SP) serves as a crucial mechanism within the Satoshi Protocol, designed to preserve the system's stability by providing liquidity for settling debts from liquidated Positions. When a Position undergoes liquidation, the SP uses SAT to clear the debt and, in return, acquires the collateral from the liquidated Position. Learn more HOW TO CREATE POSITION ON SATOSHI PROTOCOL ? Users can deposit BTC and other assets as collateral to mint the stablecoin SAT. To create a position, follow these steps: 1. Visit the Position page at Satoshi Protocol Position Page. 2. Click on "Create Position." Deposit BTC and borrow SAT, making sure the collateral ratio remains above 110% and that you borrow a minimum of 18 SAT. 3. Click "Approve" and then confirm the transaction in your wallet. Once approved, click "Create Position." Learn more HOW SATOSHI PROTOCOL ENSURE STABILITY OF US DOLLAR PRICE AND SAT? SAT maintains its peg to the USD through both "hard" and "soft" mechanisms: * Hard Peg: The fundamental anchor comes from SAT's redeemability for collateral. This ensures that SAT always has a tangible price floor. * Soft Peg: The soft peg mechanism for SAT's price stability is intricately linked to its Minimum Collateral Ratio (MCR) of 110%. This design ensures that when SAT's market value exceeds $1.10, participants are incentivized to deposit collateral, mint SAT with a collateral ratio set at 110%, and sell the minted SAT in the market. This arbitrage opportunity inherently stabilizes SAT's price by increasing its supply when its price climbs above the target, thereby aligning SAT's market price closely with the USD. By leveraging these market dynamics, the protocol effectively maintains SAT’s value within the desired range, ensuring its stability and reliability as a stablecoin. Through these mechanisms, the Satoshi Protocol aims to maintain the SAT stablecoin's price stability, ensuring it remains a reliable and functional token. Socials JOIN THE COMMUNITY X (FORMERLY TWITTER) TELEGRAM DISCORD BLOG Universal stablecoin backed by Bitcoin Copyright © 2024. All Right Reserved. Community TwitterTelegramDiscordBlog Protocol DocsAudit ReportsGitHub Universal stablecoin backed by Bitcoin Contact us: marketing@satoshiprotocol.org Copyright © 2024. All Right Reserved.