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The SATOSHI PROTOCOL supports WSTBTC as collateral, increasing the Total Value Locked (TVL) by 1.5 million USD.

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TechFlow
462Words
Apr 24, 2024

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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