Introduction to SatLayer

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

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