Intro to SatLayer

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 BTC restakers to secure any type of dApp 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 and risking Bitcoin LSTs to secure BVS applications. These BVS applications distribute their tokens as rewards to stakers who provide collateral, and operators who run these applications.

FAQ

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 in SatLayer Overview.

Can users send SatLayer receipt tokens to other wallets or contracts?

Yes, users can send receipt tokens to other wallets and/or contracts.

Which networks does SatLayer's Staking App currently support?

The reward earning Staking App is currently deployed on

• Ethereum

• Binance Smart Chain

• Bitlayer

Which wallets are supported on SatLayer?

You can connect popular Ethereum and Bitcoin compatible wallets such as

• Metamask

• OKX Wallet

• Trust Wallet

• Rabby Wallet

• Bitget Wallet

• or even use WalletConnect

You can use Gnosis Multisig wallets as well via Wallet Connect.