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SatLayer
SatLayer is a Bitcoin-native restaking layer built on top of Babylon that enables developers to programmatically specify slashing conditions for restaked Bitcoin, allowing for the creation of Bitcoin Validated Services (BVS). It functions as a universal reward layer for DeFi, offering liquid staking and restaking backed by BTC's liquidity and security.
Distributed
Description
SatLayer is a Bitcoin-native economic and restaking layer built on the Babylon protocol, designed to make Bitcoin a programmable asset for DeFi, RWAs, and institutions. It functions as a universal reward layer, providing liquid staking and restaking services backed by BTC liquidity and security, enabling users to access DeFi-native rewards across ecosystems like EVM and Sui. The platform allows developers to create Bitcoin Validated Services (BVS) by programmatically specifying slashing conditions, aiming for feature parity with EigenLayer. The protocol supports a network of trusted operators to help projects launch and scale applications secured by Bitcoin's finality. SatLayer is actively engaging its community through events like the "SlayDrop" for token allocation and by offering grants to developers building on its platform.Grant Funding
VC Funding
None
2024
$0
$8M