Description - Satoshi Protocol is the CDP protocol built on BEVM, facilitating users to deposit BTC and mint stablecoin SAT. SAT is backed by BTC with over-collateralization. If the position's collateral ratio drops below 110%, it will trigger liquidation, using stability pool to repay debt. In short, SAT is over-collateralized with a liquidation mechanism and stability pool for debt repayment.

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Satoshi Protocol

Satoshi Protocol is the first CDP built on BTC Layer 2, it allows investors to deposit BTC and borrow stablecoin $SAT, Unleash trillion dollars of BTCFi. - Satoshi-Protocol

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