Most injured retail investors have said they will never participate in staking again, and many of the pledged assets have shrunk. However, the staking of BTC pancake is not afraid 😂 @Satrayer is a restacking platform based on the Bitcoin blockchain, aimed at transforming Bitcoin (BTC) into a programmable economic layer through the Babylon protocol, unlocking its potential in decentralized finance (DeFi), real assets (RWAs), and institutional adoption. Allow Bitcoin holders to pledge or re pledge BTC and liquid tokens (LSTs, such as wBTC, SolvBTC, etc.) to provide security for various decentralized applications or protocols (known as Bitcoin Verification Services, BVS) and earn additional profits. Its core features: Based on the Babylon protocol: SatLayer deploys smart contracts on Babylon, leveraging the security and economic value of Bitcoin to provide trust minimization security for other blockchain applications. ➤ Re staking mechanism: Users can deposit BTC or LST into SatLayer to obtain receipt tokens representing the deposit, and then pledge these tokens to SatLayer applications to receive rewards. This mechanism is similar to Ethereum's EigenLayer, but focuses on the Bitcoin ecosystem. ➤ Bitcoin Verification Service (BVS): SatLayer introduces the concept of BVS, allowing developers to use re staked BTC to protect various decentralized applications, such as cross chain bridges DEX、 Prophecy machines and other devices are used to enhance the security of these applications. ➤ Source of income: BTC staking income on Babylon. Additional staking rewards provided by BVS. ➤ Composability, allowing for further utilization of assets to generate returns in other BTCFi (Bitcoin Finance) protocols. ➤ Ecological partners: SatLayer has collaborated with multiple Layer 1 and Layer 2 protocols, such as Babylon, Sui, BNB Chain, Bitlayer, BOB, as well as other DeFi projects such as Bedrock, Bima, etc., to jointly build a shared secure network for the Bitcoin ecosystem. ➤ Financing Status: SatLayer completed a $8 million Pre Seed round in August 2024, led by Hack VC and Castle Island Ventures, with participation from institutions such as Franklin Templeton and OKX Ventures, demonstrating strong industry support. kaito