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The SATOSHI PROTOCOL supports $WSTBTC collateral, with TVL increasing by 1.5M within 24 hours.

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#DeFi
$BTC
TechFlow
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Apr 24, 2024

SATOSHI PROTOCOL has added support for $WSTBTC as collateral to borrow stablecoin $SAT, and has partnered with BIDO, a liquidity staking protocol on the BEVM ecosystem. Within 24 hours, the Total Value Locked (TVL) has increased by $1.5 million. BIDO allows users to earn $STBTC by staking $BTC, with an annual percentage yield (APY) of 80% based on the value of the cryptocurrency. The income is derived from 50% of the GAS revenue on the BEVM network. SATOSHI PROTOCOL is the first over-collateralized stablecoin protocol on the BEVM network, which launched on the mainnet in early April. It has conducted airdrop activities in collaboration with Binance Wallet and BEVM, with participation from 140,000 addresses.

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