SatLayer
  • 🟨Overview
    • Introduction to SatLayer
  • 🔓Security
    • Audits
    • Contracts
    • Bug Bounty
  • 🏛️Architecture
    • SatLayer Overview
    • SatLayer on Babylon
  • 🪙Restakers
    • How to Restake
    • SatLayer Rewards
      • Earning Sats²
      • Monthly Sats² Sprints
      • Referral Guide
      • Sats² FAQs
      • Current Campaigns
        • The Great BTC Meme War
      • Past Campaigns
        • OKX Cryptopedia
        • Journey to the Sats
  • Partner Rewards
    • Babylon
  • 🎛️Operators
    • Introduction
    • Operator Wallet Setup
    • Getting Started
    • 👉Apply as Operator
  • 🛠️BVS Developers
    • Introduction
    • SatLayer Core Contracts
    • BVS Service Contracts
    • Off-Chain Operator Software
    • Devnet and Explorer
    • 👉Apply as Developer
    • 👉Hello World BVS
      • Running the BVS
      • Deploying a BVS
    • Developer Toolbox
      • SatLayer CLI
        • (BVS) Directory
        • Delegation
        • Strategy
        • Strategy Base
        • ChainIO
        • Strategy Base TVL
        • Strategy Factory
      • Babylon CLI
      • Wallet Guide
      • ChainIO Module
      • Hello World Details
        • Annotation of the Monitor
        • Annotation of the Task Caller
        • The BVSSquaring library
        • Annotation of the off-chain compute program
        • Annotation of the Aggregator
        • Annotation of the Reward Uploader
    • Staking and Delegation
  • 🧰Resources
    • 👉Restake Now
    • Website
    • Discord
    • Twitter
    • GitHub
    • SatLayer Brand Guidelines
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On this page
  • What is SatLayer?
  • How does SatLayer generate rewards?
  • FAQs
  1. Overview

Introduction to SatLayer

SatLayer unleashes the possibilities of BTC, the world's best economic collateral, to secure any type of dApp or protocol

NextAudits

Last updated 28 days ago

What is SatLayer?

SatLayer is a shared security platform designed to leverage Bitcoin as the primary security collateral.

By deploying as a set of smart contracts on Babylon, SatLayer enables Bitcoin restakers to secure any type of decentralized application or protocol as a Bitcoin Validated Service (BVS). This means that Bitcoin, the largest and most widely trusted cryptocurrency, can now provide security to a broad range of applications, with full Turing-complete programmability while minimizing trust assumptions.

By expanding the ways Bitcoin can be used, SatLayer helps Bitcoin maximizes its potential as a reward-generating asset.

How does SatLayer generate rewards?

SatLayer generates rewards by staking wrapped Bitcoin or Bitcoin LSTs to secure BVS applications. These BVS applications distribute their tokens as rewards to Bitcoin restakers who provide collateral, and operators who help with the validation.

FAQs

What is a BVS?

BVS stands for Bitcoin Validated Service. A BVS is any decentralized application which consumes Bitcoin security from SatLayer. Read more details on the different roles you can play in the SatLayer Ecosystem at SatLayer Overview.

Can users send SatLayer receipt tokens to other wallets?

Yes, users can send SatLayer receipt tokens to other wallets, whether externally-owned accounts (EOAs) or smart contract wallets such as Safe.

Which networks does SatLayer's Staking App currently support?

The reward earning Staking App is currently deployed on the mainnets of

  • Ethereum

  • BNB Chain

  • Berachain

  • Bitlayer

Your wallet should support these networks or if not, allow you to add the network RPCs.

Which wallets are supported on SatLayer?

You can connect popular Ethereum and Bitcoin-compatible wallets such as

  • MetaMask

  • OKX Wallet

  • Trust Wallet

  • Rabby

  • Bitget Wallet

  • Safe{Wallet}

  • ...and any wallet that supports WalletConnect and the ability to add the networks that are supported by SatLayer

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