🏔️Introduction

Satoshi Protocol is the 1st universal stablecoin protocol backed by Bitcoin, using BTC as collateral to mint the native stablecoin satUSD across Bitcoin Mainnet, Layer 2s, and the EVM ecosystem. To ensure stability, users need to maintain a minimum collateral ratio (MCR) of 110%.

Besides over-collateralization, the protocol is secured by a Stability Pool where users deposit satUSD, which helps cover liquidations when collateral is too low. Other borrowers in the system also act as backstops to ensure the protocol remains stable. Explore further details on these mechanisms in the documentation.