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River
River (formerly Satoshi Protocol) is building a chain-abstraction stablecoin system centered on satUSD, an over-collateralized stablecoin backed by BTC, ETH, BNB, and liquid staking tokens. Its omni-CDP module lets users deposit collateral on one chain and mint satUSD natively on another chain without bridging, and the protocol offers staking, vault, and social-engagement products for retail and institutional users across the DeFi ecosystem.
Distributed
Description
River, originally launched as Satoshi Protocol, operates a chain-abstraction stablecoin system built around the omni-CDP stablecoin satUSD, an over-collateralized asset backed by BTC, ETH, BNB, and other liquid staking tokens using LayerZero's OFT standard for native cross-chain circulation. The protocol's core modules include Omni-CDP (collateralize on one chain, mint satUSD on another), satUSD+ (a yield-bearing staked token sharing protocol revenue), Smart Vault (one-click DeFi/CeDeFi yield without liquidation risk), Prime Vault (an institutional product custodied by Ceffu and Cobo), and River4FUN (a social-engagement layer converting X activity and community participation into River Pts and airdrops). River integrates with numerous DeFi and infrastructure partners such as LayerZero, Chainlink, Pendle, PancakeSwap, Uniswap, Morpho, Babylon, Lombard, and multiple L1/L2 networks including Ethereum, BNB Chain, Arbitrum, Base, Hemi, BOB, and Sonic. It serves retail DeFi users seeking yield and stable liquidity as well as institutions seeking custodied, yield-generating products, and it has undergone third-party smart contract audits.Grant Funding
VC Funding
None
2024
$0
$2M