Intro to SatLayer
Last updated
Last updated
SatLayer is a pioneering platform designed to leverage Bitcoin’s security model through Babylon’s Proof of Stake. By deploying as a set of smart contracts on Babylon, Satlayer enables BTC stakers to secure any type of dApp or protocol as a Bitcoin Validated Service (BVS). Restaked Bitcoin collaterals secure Bitcoin Validated Services (BVS’s) and brings programmability to slashing conditions like challenge proofs and node liveness.
This means that Bitcoin, already the strongest economic collateral, can now provide security to a broader range of applications with full programmability to slashing conditions while minimizing additional trust assumptions.
SatLayer generates rewards by utilizing Babylon’s slashable safety guarantees within its restaking protocol. The protocol allows Bitcoin to be restaked as programmably slashable collateral, enhancing security. By expanding the ways Bitcoin can be used for security, SatLayer maximizes its potential as a reward-generating asset.
Liquid Staking Token (LST) Platforms: Satlayer offers additional yield opportunities for BTC deposits on LST platforms. Users can earn more by participating in this innovative staking method.
BVS Platforms: By restaking BTC into Satlayer, BVS platforms gain enhanced security and access to new functionalities that were previously unavailable.
Babylon Ecosystem: Satlayer enables an Eigenlayer-level range of AVS, further expanding Babylon’s capabilities.
BTC Stakers: For those who hold Bitcoin, Satlayer offers a chance to earn additional rewards by locking BTC into the system.