🏔️Introduction

The Satoshi Protocol serves as a cornerstone for the BTC DeFi evolution, introducing a CDP-style stablecoin system built on the BEVM. This platform enables Bitcoin holders to unlock their asset's liquidity without facing unpredictable interest payments, a crucial advancement towards making Bitcoin truly spendable and enhancing its utility beyond a mere store of value.

The protocol revolves around two primary components: SAT, a stablecoin pegged to the US dollar, and OSHI, a utility token that benefits participants in the ecosystem. Users can generate liquidity by minting SAT against Bitcoin collateral, ensuring a minimum collateral ratio of 110%. Plus, it allows SAT holders to redeem their collateral (BTC in Satoshi Protocol's case) through a well-designed redemption mechanism, maintaining the stable value of SAT.