SATOSHI PROTOCOL has announced its support for WSTBTC as collateral for borrowing the stablecoin SAT, in collaboration with the liquidity staking protocol BIDO on the BEVM ecosystem. BIDO allows users to stake BTC to obtain STBTC, which can then be converted into WSTBTC for borrowing SAT. SATOSHI PROTOCOL is an over-collateralized stablecoin protocol on the BEVM network. Since its launch in early April, it has partnered with Binance Wallet and BEVM to conduct airdrop campaigns, attracting 140,000 participating addresses. Following the support for WSTBTC, its Total Value Locked (TVL) increased by $1.5 million within 24 hours.

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<p>News from TechFlow of Deep Tide: Satoshi Protocol officially announced that it has reached a partnership with Bido, a liquidity staking protocol on the BEVM ecosystem. This partnership supports the use of wstBTC, a liquidity staking token, as collateral to borrow the stablecoin SAT, thereby expanding the protocol's application scenarios.</p>
<p>Bido is a liquidity staking protocol based on BEVM. Users can obtain stBTC by staking BTC, earning staking rewards while maintaining liquidity. The current APY based on the coin is around 80%, with the income derived from 50% of the GAS revenue of the entire BEVM network. Bido will provide users participating in staking with an equivalent amount of stBTC, which can be converted to wstBTC and used as collateral to borrow SAT on Satoshi Protocol.</p>
<p>Satoshi Protocol is the first over-collateralized stablecoin protocol on the BEVM network. It was launched on the mainnet in early April and conducted airdrop activities in collaboration with Binance Wallet and BEVM. The number of participating addresses reached 140,000. Within 24 hours of supporting wstBTC as collateral, the TVL on Satoshi Protocol increased by $1.5 million.</p>
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The SATOSHI PROTOCOL supports WSTBTC as collateral, increasing the Total Value Locked (TVL) by 1.5 million USD.